A. O. Smith Corp (AOS) was Initiated by Longbow to “Neutral”. Longbow advised their investors in a research report released on Jun 17, 2016.
On the company’s financial health, A. O. Smith Corp reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.77. The company had revenue of $636.90 million for the quarter, compared to analysts expectations of $644.96 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.
A. O. Smith Corp opened for trading at $83.31 and hit $84.3 on the upside on Wednesday, eventually ending the session at $83.64, with a gain of 0.70% or 0.58 points. The heightened volatility saw the trading volume jump to 8,84,281 shares. Company has a market cap of $7,322 M.
In a different news, on Jun 1, 2016, Peter R Martineau (Senior Vice President – CIO) sold 3,800 shares at $83.10 per share price. According to the SEC, on May 26, 2016, Ajita G Rajendra (Chairman and CEO) sold 5,000 shares at $83.70 per share price. On May 25, 2016, Charles T Lauber (SVP, Strategy & Corporate Dev.) sold 1,072 shares at $83.54 per share price, according to the Form-4 filing with the securities and exchange commission.
A. O. Smith Corporation operates its business through two segments which include North America and Rest of World. Both segments manufacture and market a range of residential gas gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment condensing and non-condensing boilers and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products including water heaters boilers and others. The Rest of World segment manufactures and markets water treatment products primarily in Asia. The Rest of World segment includes China Europe and India. The Company supplies water heaters to the residential market in China with a range of product offering including electric gas gas tankless heat pump and solar units as well as combi boilers.