A. O. Smith Corporation (AOS) is likely to witness top and bottom-line growth when it reports second-quarter 2024 results on Jul 23, before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $990 million, which indicates growth of 3% from the year-ago quarter’s reported figure.The consensus mark for earnings is pinned at $1.06 per share, which has remained steady in the past 60 days. The estimate indicates a jump of 5% from the figure reported in the year-ago quarter. The company’s bot ...

Core Insights - Three stocks in the industrials sector are identified as potentially overbought, indicating a warning for momentum-focused investors [1] Group 1: Gates Industrial Corporation PLC (GTES) - Gates Industrial is set to release its second-quarter earnings on July 31, 2024 [2] - The stock has increased approximately 12% over the past five days, reaching a 52-week high of $17.98 [2] - The RSI value for Gates Industrial is 74.86, indicating overbought conditions [2] - The stock closed at $16.97 after a 4.3% gain on Tuesday [2] Group 2: Fluor Corp (FLR) - Truist Securities analyst maintained a Buy rating for Fluor and raised the price target from $47 to $54 [3] - The stock has gained around 14% over the past five days, with a 52-week high of $50.63 [3] - The RSI value for Fluor is 80.06, suggesting it is significantly overbought [3] - The stock closed at $50.26 after a 3.7% increase on Tuesday [3] Group 3: A. O. Smith Corp (AOS) - A. O. Smith announced an agreement to acquire Pureit from Unilever, aiming to enhance its market position in water treatment products [4] - The stock has risen approximately 13% over the past five days, reaching a 52-week high of $92.14 [4] - The RSI value for A. O. Smith is 76.88, indicating overbought status [4] - The stock closed at $91.98 after a 4.8% gain on Tuesday [4]

Company Performance - A.O. Smith (AOS) has achieved a year-to-date return of approximately 6.5%, outperforming the average gain of 5.9% in the Industrial Products sector [2] - The Zacks Consensus Estimate for AOS' full-year earnings has remained unchanged over the past quarter, indicating stable analyst sentiment [2] - A.O. Smith holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook for the stock [1][2] Industry Comparison - A.O. Smith is part of the Manufacturing - Electronics industry, which has seen an average gain of 17.9% this year, indicating that AOS is slightly underperforming its industry [3] - Donaldson (DCI), another stock in the Industrial Products sector, has returned 10.5% year-to-date and also holds a Zacks Rank of 2 (Buy) [2][3] - The Pollution Control industry, to which Donaldson belongs, has experienced a gain of 16.2% this year, ranking 82 among industries [3] Sector Overview - The Industrial Products sector, which includes A.O. Smith and Donaldson, ranks 5 in the Zacks Sector Rank, reflecting the overall strength of the group [1] - The Zacks Rank system evaluates stocks based on earnings estimates and revisions, highlighting those likely to outperform the market in the near term [1]

MILWAUKEE, July 15, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation (the "Company") (NYSE: AOS) announced today that it has signed an agreement to acquire Pureit from Unilever. Pureit offers a broad range of residential water purification solutions and has annual sales of approximately USD $60 million, primarily in India. The purchase price will be approximately USD $120 million in cash, subject to customary adjustments. The Company expects to complete the acquisition of Pureit ...

MILWAUKEE, July 8, 2024 /PRNewswire/ -- Directors of A. O. Smith Corporation (NYSE: AOS) today declared a regular quarterly cash dividend of $.32 per share on the company's Common Stock and Class A Common Stock.The dividend is payable on Thursday, August 15 to shareholders of record Wednesday, July 31, 2024.A. O. Smith Announces Quarterly DividendPost thisAbout A. O. SmithCelebrating its 150th year of business, A. O. Smith Corporation, headquartered in Milwaukee, Wis., is a global leader applying innovative ...

A. O. Smith Corporation (AOS) is poised to benefit from strength across its businesses, acquired assets, healthy liquidity position and focus on operational excellence. The company remains committed to investing in growth opportunities and strengthening its long-term market position.This Zacks Rank #2 (Buy) company has a market capitalization of $11.8 billion. Over the past year, the stock has risen 11.2%. However, both the stock and the industry have declined 1.3% in the past month.Image Source: Zacks Inve ...

MILWAUKEE, July 2, 2024 /PRNewswire/ -- A. O. Smith Corporation (NYSE: AOS) will release its second quarter 2024 financial results before the market opens on Tuesday, July 23, and has scheduled an investor conference call to follow at 10:00 a.m. (Eastern Time). The call can be heard live on the company's website, www.aosmith.com. An audio replay of the call will be available on the company's website after the live event. To access the archived audio replay, go to the "Investors" page and select the "Second ...

Core Insights - The article emphasizes the importance of utilizing Zacks Premium for investors to enhance their stock market strategies and confidence in investing [1] Zacks Style Scores - Zacks Style Scores are indicators designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe [1] - Each stock is rated from A to F based on value, growth, and momentum characteristics, with A being the highest score [1] Value Score - The Value Style Score focuses on identifying undervalued stocks by analyzing ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [2] Growth Score - The Growth Style Score assesses a company's future prospects and financial health by examining projected and historical earnings, sales, and cash flow [3] Momentum Score - The Momentum Style Score identifies optimal times to invest based on trends in stock price and earnings outlook, utilizing factors like one-week price change and monthly earnings estimate changes [3] VGM Score - The VGM Score combines the three Style Scores to highlight stocks with attractive value, strong growth forecasts, and promising momentum, serving as a useful indicator alongside the Zacks Rank [4] Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to assist investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - There are over 800 top-rated stocks available, making it essential for investors to choose wisely [5] Stock to Watch: A.O. Smith (AOS) - A.O. Smith Corporation is a leading manufacturer of water heating and treatment products, known for innovative and energy-efficient solutions [7] - AOS holds a 3 (Hold) Zacks Rank and a VGM Score of B, with a Momentum Style Score of B and a 1.6% increase in shares over the past four weeks [7] - The Zacks Consensus Estimate for AOS's fiscal 2024 earnings has risen to $4.08 per share, with an average earnings surprise of 6.7% [7]

Core Viewpoint - A. O. Smith Corporation is experiencing strong demand for water heater products and anticipates sales growth in various segments for 2024, despite facing challenges in the Chinese market and rising costs [1][3][4]. Group 1: Sales and Growth Outlook - The company expects sales from North America boiler and water treatment businesses to grow approximately 8-10% in 2024 [1]. - Overall sales for A. O. Smith are projected to increase approximately 3-5% from the previous year [1]. - The Rest of the World business is benefiting from healthy demand for tankless water heaters and kitchen appliances in China [1]. Group 2: Acquisitions and Shareholder Returns - A. O. Smith is focused on acquiring businesses to expand its customer base and product lines, including the acquisition of Impact Water Products in Q1 2024 for $21.1 million [2]. - The company has also strengthened its position in the water treatment industry through previous acquisitions, such as Atlantic Filter [2]. - In Q1 2024, A. O. Smith paid dividends of $47.3 million and repurchased shares worth $74.5 million, with a 7% increase in dividends to 32 cents per share announced in October 2023 [2]. Group 3: Financial Position and Market Performance - As of the end of Q1 2024, A. O. Smith had cash and cash equivalents of $251.6 million, significantly higher than its total debt of $119.7 million [3]. - Over the past year, the company's stock has gained 18.2%, while the industry has seen a growth of 33.8% [3]. Group 4: Cost Challenges - The company faces rising costs, with selling, general, and administrative expenses increasing by 8.4% year over year in Q1 2024 [4]. - Commodity costs, particularly steel, are expected to rise by 20% sequentially in Q2 2024, which may impact margins and profitability [4].

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1][4] Style Scores Overview - Zacks Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each designed to help investors identify stocks with the best potential for market outperformance [2][3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - The Growth Score assesses a company's financial health and future growth potential based on earnings and sales projections [2] - The Momentum Score evaluates stocks based on price trends and earnings estimate changes to identify favorable buying opportunities [2] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in stock selection, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [4][5] - To optimize returns, investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, while also considering earnings outlook changes [5] Company Spotlight: A.O. Smith Corporation (AOS) - A.O. Smith Corporation, based in Milwaukee, WI, is a leading manufacturer of water heating and treatment products, focusing on innovative and energy-efficient solutions [6] - AOS currently holds a Zacks Rank of 3 (Hold) with a VGM Score of B and a Momentum Style Score of B, indicating potential for upward movement [6] - Recent upward revisions in earnings estimates by analysts suggest a consensus estimate of $4.08 per share for fiscal 2024, with an average earnings surprise of 6.7% [6]