A.O. Smith is selling 81% of its China business to CPE at roughly a $400 million valuation, and full-year guidance now excludes China entirely: adjusted EPS of $3.42 to $3.52 on sales of $3.27 billion to $3.29 billion. That reset outweighs the quarter, where earnings topped expectations while revenue missed on a 17% local-currency China decline. Proceeds go first to buybacks, already running near $300 million this year.
Latest Activity
AOS Coverage
These 3 Industrial Dividend Stocks Have a Habit of Paying Investors More
Three industrial companies just raised their dividends within days of each other, even as their own markets softened, and the differences in how safely each one can keep doing it reveal a…
4 Industrial Dividend Growers That Fly Under the Radar and Look Like Buys in August
Four industrial names with decades of uninterrupted dividend growth sit largely ignored while yield-seekers chase REITs and telecoms, and their free cash flow coverage ratios tell a story the crowd keeps missing.
Before the Bell: Traders Expect Good News from FOMC; Game Makers Head in Opposite Directions
The Federal Reserve interest rate decision to be announced later Wednesday is the morning's leading issue. A share price jump approaching 1,000% in two days is also getting a lot of attention.
Wednesday’s Top Analyst Upgrades and Downgrades: AbbVie, Blackstone, Boston Scientific, CarMax, Chewy, Eli Lilly, Medtronic, Shopify, Veru and More
Wednesday's top analyst upgrades and downgrades included AbbVie, Blackstone, Boston Scientific, CarMax, Chewy, Eli Lilly, Medtronic, NetApp, Ping Identity, Shopify, Veru and Zscaler.
4 Analyst Favorites Are Buy Rated and Expected to Raise Dividends This Week
These four top companies are expected to lift the dividends they pay to shareholders, and their stocks are rated Buy across Wall Street, making them excellent total return candidates.
Top Analyst Upgrades and Downgrades: Amgen, Beyond Meat, Cisco, Home Depot, Microsoft, RingCentral, Shake Shack, Tilray, Uber, Under Armour, US Steel and More
Tuesday's top analyst upgrades, downgrades and initiations included Amgen, Beyond Meat, Cisco, Home Depot, Microsoft, RingCentral, Shake Shack, Tilray, Uber, Under Armour and U.S. Steel.
As US/China Trade War Takes a Breather, Full Trade Data and Reactions by the Numbers
The last week of August proved to be one in which the salvos in the trade war between the United States and China took a breather.
US/China Trade Data by the Numbers, and How Exposed Top American Companies Are
With all the news now about tariffs having turned into an outright trade war with China, and with the market's drop on Friday resembling an even larger drop a week and a…
Monday’s Biggest Winners and Losers in the S&P 500
Monday was a down day for the broad U.S. markets. Each of the major exchanges slid lower in the session almost cementing fears that we are in a bear market. Crude oil…
Top Analyst Upgrades and Downgrades: Athenahealth, Apple, Deere, Disney, Hormel, JinkoSolar, Micron, US Bancorp and More
The top analyst upgrades, downgrades and initiations seen on Tuesday included Athenahealth, Apple, Deere, Hormel, JinkoSolar, Micron Technology, US Bancorp and Walt Disney.
5 Infrastructure Stocks to Buy for a Clinton or Trump Presidency
Regardless of who ends up in the White House, the crumbling infrastructure in the United States is a huge issue, and both candidates know it needs to be addressed.
4 Top Jefferies Growth Stocks to Buy Now
The Jefferies growth stock calls this week are an eclectic group of well-known companies that have big potential for aggressive accounts.
Top Analyst Upgrades and Downgrades: Allergan, Galmed, GM, Sirius XM, SunPower and More
These are the top Wall Street analyst upgrades, downgrades and initiations seen on Wednesday, April 23, 2014. They include Allergan, Galmed Pharmaceuticals, GM, Sirius XM and SunPower.
The Return of Stock Splits in a Raging Bull Market
The corporate governance exercise of a stock split to increase the number of shares and to lower the share price should theoretically have no impact on how the investment community evaluates a stock.…
Despite Woes, New Buybacks & Dividend Hikes Stay Strong (AOS, CLF, CMI, KLAC, NWS)
The market is soft, the economy hit a soft patch, and now woes are building about Italy beyond Greece, while China and India keep applying the brakes on growth. This is taking…