A.O. Smith (AOS) Releases Quarterly Earnings, Beats Estimates By $0.05 EPS

A.O. Smith (AOS) posted its quarterly earnings results on Friday. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.05. A.O. Smith’s revenue was up 12.3% compared to the same quarter last year.

Several analysts have also recently commented on the stock. Analysts at BMO Capital Markets initiated coverage on shares of A.O. Smith in a research note to investors on Thursday, June 21st. They set a “market perform” rating and a $55.00 price target on the stock. On a related note, analysts at Buckingham Research downgraded shares of A.O. Smith from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, May 1st. Finally, analysts at KeyBanc raised their EPS on shares of A.O. Smith in a research note to investors on Monday, April 23rd. They now have a $53.00 price target on the stock.

Shares of A.O. Smith (AOS) traded up 3.19% during mid-day trading on Friday, hitting $48.89. A.O. Smith (AOS) has a 52 week low of $29.81 and a 52 week high of $49.27. The company has a market cap of $2.267 billion and a P/E ratio of 7.07.

Smith A O Corporation is a manufacturer of water heating equipment and electric motors, serving a diverse mix of residential, commercial and industrial end markets in the United States.

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Posted by Web Inquirer Staff on 30 Jun 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.