The Somewhat Favorable News Coverage Very Unlikely to Impact A. O. Smith Corp (AOS) Share Price

The Somewhat Favorable News Coverage Very Unlikely to Impact A. O. Smith Corp (AOS) Share Price

Here are some of the news stories that may have impacted AlphaOne Sentiment’s analysis:

News stories about A. O. Smith Corp (NYSE:AOS) have been trending somewhat positive on Monday, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. A. O. Smith Corp earned a daily sentiment score of 0.15 on AlphaOne’s scale. AlphaOne also assigned media headlines about the industrial products company an impact score of 12 out of 100, meaning that recent press coverage is very unlikely to have an effect on the company’s share price in the near term.

AOS has been the subject of several recent research reports. Zacks Investment Research raised A. O. Smith Corp from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Monday, February 6th. KeyCorp restated a “sector weight” rating on shares of A. O. Smith Corp in a research report on Friday, April 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC set a $60.00 target price on A. O. Smith Corp and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $62.00. Shares of A. O. Smith Corp (AOS) opened at 56.25 on Monday. The stock has a 50 day moving average price of $53.60 and a 200-day moving average price of $50.42. The stock has a market capitalization of $9.73 billion, a PE ratio of 28.99 and a beta of 1.42. A. O. Smith Corp has a 1-year low of $40.51 and a 1-year high of $56.58.

A. O. Smith Corp (NYSE:AOS) last issued its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $740 million during the quarter, compared to analyst estimates of $698.38 million. A. O. Smith Corp had a return on equity of 21.77% and a net margin of 12.16%. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. On average, analysts forecast that A. O. Smith Corp will post $2.10 earnings per share for the current year. The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, April 26th. This represents a $0.56 annualized dividend and a yield of 1.00%. A. O. Smith Corp’s payout ratio is 30.35%.

About A. O. Smith Corp A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AOS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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