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A. O. Smith Boosts Outlook as Q1 Results Top Estimates (AOS)

By Dividend.com,  April 20, 2012, 08:34:13 AM EDT

Water heater maker A. O. Smith Corporation ( AOS ) on Friday posted better-than-expected first quarter earnings and lifted its full-year forecast.

The Milwaukee-based company reported first quarter net income of $47.5 million, or $1.02 per share, compared with $41 million, or 88 cents per share, in the year-ago period.

Revenue rose 12% from last year to $468.6 million.

On average, Wall Street analysts expected a much smaller profit of 61 cents per share, on nearly matching revenue of $469 million.

Looking ahead, AOS said it now expects full-year earnings of $2.75 to $2.90 per share, up from a prior estimate of $2.65 to $2.85.

A. O. Smith shares were inactive in premarket trading Friday.

The Bottom Line
Shares of A.O. Smith ( AOS ) have a 1.44% dividend yield, based on last night's closing stock price area of $44.49. The stock has technical support in the $38-$40 price area. The shares are trading near all-time highs.

A. O. Smith Corporation ( AOS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: AOS



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