AAON (AAON) to Release Earnings on Thursday

AAON (NASDAQ:AAON) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect AAON to post earnings of $0.58 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

AAON (NASDAQ:AAON) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The firm had revenue of $313.57 million for the quarter, compared to the consensus estimate of $283.77 million. AAON had a net margin of 15.60% and a return on equity of 26.02%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. On average, analysts expect AAON to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

AAON Stock Down 3.4 %

AAON stock opened at $115.11 on Thursday. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The firm has a market cap of $9.33 billion, a P/E ratio of 51.85 and a beta of 0.80. The business has a fifty day moving average of $102.12 and a two-hundred day moving average of $89.82. AAON has a twelve month low of $54.19 and a twelve month high of $122.97.

AAON Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Friday, September 6th. AAON’s dividend payout ratio (DPR) is currently 14.41%.

Analyst Upgrades and Downgrades

AAON has been the subject of a number of recent research reports. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a report on Monday. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Robert W. Baird upgraded shares of AAON from a “neutral” rating to an “outperform” rating and raised their target price for the company from $114.00 to $130.00 in a research note on Monday. Finally, StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.33.

Insider Activity at AAON

In other AAON news, CEO Gary D. Fields sold 20,641 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total transaction of $1,779,460.61. Following the transaction, the chief executive officer now owns 64,295 shares in the company, valued at approximately $5,542,871.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Norman H. Asbjornson sold 11,022 shares of AAON stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $87.41, for a total transaction of $963,433.02. Following the completion of the sale, the director now owns 5,135 shares of the company’s stock, valued at $448,850.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary D. Fields sold 20,641 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $86.21, for a total value of $1,779,460.61. Following the completion of the sale, the chief executive officer now owns 64,295 shares in the company, valued at approximately $5,542,871.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 18.55% of the stock is currently owned by insiders.

About AAON

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.