A. O. Smith Corporation (AOS) has consistently been featured in news for a varied range of reasons. The firm continues to hint at promising growth with record sales in the second quarter and strong Q1 2024 performance. Recent developments show AOS affirm its position as a top growth stock for the long-term despite some short-term volatility. The corporation expects to earn Q3 2024 earnings of $0.94 per share. Notably, AOS has successfully maintained a quarterly dividend, and its shares have experienced activity from multiple banks and advisory services. A. O. Smith appointed Stephen Shafer as the new President and Chief Operating Officer. However, Mark Petrarca is set to retire after a solid 25-year tenure with the company. AOS also recorded a key acquisition of Pureit, strengthening its footprint in South Asia. The corporation has also revealed 2024 earnings guidance. Despite these advancements, some news points to AOS shares sold by various entities and AOS reporting earnings slightly below estimates, causing a gap down in shares. Nonetheless, the majority consensus among analysts maintains the corporation at a 'Hold' rating.
A O Smith Corporation AOS News Analytics from Fri, 23 Jul 2021 07:00:00 GMT to Sun, 18 Aug 2024 10:44:26 GMT -
Rating 8
- Innovation 5
- Information 8
- Rumor -3
