AAON (NASDAQ:AAON) Announces Quarterly Earnings Results

AAON (NASDAQ:AAON) announced its quarterly earnings results on Thursday. The construction company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.58 by $0.05, Briefing.com reports. AAON had a net margin of 15.60% and a return on equity of 26.02%. The company had revenue of $327.25 million for the quarter, compared to analyst estimates of $315.80 million. During the same quarter last year, the business earned $0.64 earnings per share. AAON’s revenue was up 4.9% compared to the same quarter last year.

AAON Stock Up 16.2 %

Shares of AAON stock traded up $19.29 during trading on Friday, hitting $138.39. 355,991 shares of the company were exchanged, compared to its average volume of 602,867. The business’s 50-day simple moving average is $105.21 and its 200 day simple moving average is $91.18. AAON has a twelve month low of $57.19 and a twelve month high of $138.39. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 60.38 and a beta of 0.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99.

AAON Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. AAON’s dividend payout ratio is 14.41%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AAON. Robert W. Baird boosted their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday. Baird R W upgraded shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. DA Davidson lifted their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday. Finally, Sidoti downgraded AAON from a “buy” rating to a “neutral” rating and upped their target price for the company from $102.00 to $111.00 in a report on Tuesday, October 22nd. Two 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.00.

AAON Company Profile

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.