Equities research analysts predict that A.O. Smith Corp. will post $1.83 EPS for the current fiscal year. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Smith (A.O.) Corporation reported earnings per share of $0.47 during the same quarter last year, which indicates a positive year over year growth rate of 19.1%. They have access to teams of researchers and data that the average investor doesn't have. Over the past twelve months, A. O. Smith Corporation (NYSE:AOS)'s stock was 24.44%. The insurance provider reported ($22.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($28.83) by $6.80. The business had revenue of $749.90 million for the quarter, compared to analyst estimates of $741.28 million. Alleghany Corporation had a negative return on equity of 0.14% and a net margin of 0.10%. The firm's revenue was up 9.4% compared to the same quarter previous year.
Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Smith (A.O.) Corporation from a "buy" rating to a "hold" rating in a research note on Monday, July 31st. Robert W. Baird set a $61.00 price target on shares of Smith (A.O.) Corporation and gave the company a "buy" rating in a research report on Thursday, August 24th.
Shares of A.O. Smith Corp. Finally, SunTrust Banks, Inc. restated a "buy" rating and set a $65.00 price target on shares of Smith (A.O.) Corporation in a research report on Thursday, October 12th. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction.
Alleghany Corporation is an insurance holding company. The stock was sold at an average price of $59.33, for a total transaction of $1,321,101.11. Following the completion of the sale, the senior vice president now owns 26,240 shares in the company, valued at approximately $1,570,464. The disclosure for this sale can be found here.
A number of institutional investors have recently bought and sold shares of the stock. Somerset Trust Co grew its position in shares of Smith (A.O.) Corporation by 0.4% during the 2nd quarter. Over the last week of the month, it was -1.26%, 8.43% over the last quarter, and 8.11% for the past six months. FMR LLC now owns 12,831 shares of the insurance provider's stock valued at $7,887,000 after purchasing an additional 465 shares during the last quarter. Victory Capital Management Inc. now owns 2,095,029 shares of the industrial products company's stock worth $124,508,000 after buying an additional 141,447 shares in the last quarter. Findlay Park Partners LLP now owns 202,142 shares of the insurance provider's stock worth $120,234,000 after buying an additional 39,234 shares during the period. Finally, Swiss National Bank grew its position in shares of Smith (A.O.) Corporation by 2.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,641,917 shares of the industrial products company's stock worth $97,579,000 after buying an additional 147,835 shares in the last quarter.
WARNING: "Smith (A.O.) Corporation (AOS) Expected to Announce Earnings of $0.56 Per Share" was published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and global copyright & trademark laws. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/14/zacks-analysts-set-625-00-target-price-for-alleghany-corporation-y.html. 75,300 shares of the stock traded hands, compared to its average volume of 49,951. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.18. Smith has a 1-year low of $46.44 and a 1-year high of $62.16.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Monday, October 31st will be given a $0.12 dividend. This represents a $0.56 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, October 27th. Smith (A.O.) Corporation's payout ratio is presently 27.45%. The Company's Rest of World segment primarily comprises China, Europe and India.