Revenue Update on A. O. Smith Corp(NYSE:AOS)

A. O. Smith Corp(NYSE:AOS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $667.00M. Analysts estimated a revenue of $696.72M. Earnings per share were $0.98. Analysts had estimated an EPS of $0.91.

In a different note, On Jul 14, 2016, SunTrust Robinson Humphrey said it Maintains its rating on A. O. Smith Corp. In the research note, the firm Raises the price-target to $90.00 per share. The shares have been rated ‘Buy’ by the firm. Longbow Research said it Initiates Coverage on A. O. Smith Corp, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Neutral’ by the firm.

A. O. Smith Corp (AOS) shares turned negative on Fridays trading session with the shares closing down -0.68 points or -0.73% at a volume of 5,58,363. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $93.92. The peak price level was also seen at $93.92 while the days lowest was $92.84. Finally the shares closed at $92.89. The 52-week high of the shares is $94.71 while the 52-week low is $50.09. According to the latest information available, the market cap of the company is $8,132 M.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Peter R Martineau (Senior Vice President – CIO) sold 3,800 shares at $83.10 per share price.Also, 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.

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