A share price of A.O. Smith Corp. [AOS] is currently trading at $82.89, up 0.72%. An important factor to consider is whether the stock is rising or falling in short-term value. The AOS shares have gain 3.32% over the last week, with a monthly amount glided 1.52%, and seem to be holding up well over a long-time horizon.
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On 30, January 2024, A. O. Smith Reports Record Sales and Earnings in 2023 and Introduces 2024 Guidance. In a post published today on Yahoo Finance, 2023 Highlights(Comparisons are year-over-year (“YoY”), unless otherwise noted).
From an analyst’s perspective:
Previously, Loop Capital downgraded its rating to Hold on January 17, 2023, and dropped its price target to $65. On January 10, 2023, downgrade downgraded it’s rating to Sell and revised its price target to $58 on the stock. Robert W. Baird downgraded its rating to a Neutral but stick to its price target of $60 on July 14, 2022. Longbow upgraded its rating to a Buy but $71 remained the price target by the analyst firm on July 06, 2022. Loop Capital started tracking with a Buy rating for this stock on November 23, 2021, and assigned it a price target of $100. In a note dated October 05, 2021, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $82 to $85.
A.O. Smith Corp. experienced fluctuations in its stock price throughout the past year between $63.40 and $82.77. Currently, Wall Street analysts expect the stock to reach $64 within the next 12 months. A.O. Smith Corp. [NYSE: AOS] shares were valued at $82.89 at the most recent close of the market. An investor can expect a potential drop of -22.79% based on the average AOS price forecast.
Analyzing the AOS fundamentals
Trailing Twelve Months sales for A.O. Smith Corp. [NYSE:AOS] were 3.85B which represents 5.55% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.3 and Total Capital is 0.33. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 82.14 points at the first support level, and at 81.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.53, and for the 2nd resistance point, it is at 84.18.
A.O. Smith Corp. [AOS] reported earnings per share of $0.97 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.96/share, meaning a difference of $0.01 and a surprise factor of 1.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.9 per share as compared to estimates of $0.8 per share, a difference of $0.1 representing a surprise of 12.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for A.O. Smith Corp. [NYSE:AOS] is 1.59. On the other hand, the Quick Ratio is 1.06, and the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 3.17, the price to book ratio is 6.63 and price to earnings (TTM) ratio is 22.49.
Transactions by insiders
Recent insider trading involved WOLF IDELLE K, Director, that happened on Feb 07 when 814.0 shares were sold. Director, SMITH MARK D completed a deal on Nov 22 to sell 2700.0 shares. Meanwhile, Director WOLF IDELLE K sold 1000.0 shares on Nov 17.
