A.O. Smith Sees Higher Profits; Beats Estimates (AOS)
Water heating equipment manufacturer, A.O. Smith Corporation(AOS) reported an increase in earnings for the quarter, beating analysts estimates on Thursday.
The Milwaukee, WI based company reported fourth quarter earnings of $39.3 million or $0.85 per share, up from last years earnings of $32.1, or 69 cents per share. Excluding special items, earnings came in at $43.2 million, or 93 cents per share, up from last years earnings of $31.5 million, or 68 cents per share. Analysts expected to see EPS of 81 cents.
AOS reported revenue of $524 million, up from $475.8 million last year, and beating analysts estimate of $500.11 million.
A. O. Smith shares were mostly flat during premarket trading Thursday. The stock has increased 63% in the past year.
The Bottom Line
Shares of A.O. Smith (AOS) have a 1.19% dividend yield, based on last night’s closing stock price of $67.47. The stock has technical support in the $61-$62 price area. The shares are trading at all-time highs.
A.O. Smith Corporation(AOS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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