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.