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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