AAON (NASDAQ:AAON) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

by · The Cerbat Gem

AAON (NASDAQ:AAON – Get Free Report) issued its earnings results on Thursday. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.05, Briefing.com reports. AAON had a return on equity of 26.02% and a net margin of 15.60%. The firm had revenue of $327.25 million for the quarter, compared to analysts’ expectations of $315.80 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year.

AAON Trading Up 16.1 %

AAON opened at $138.24 on Friday. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 62.27 and a beta of 0.79. The stock’s 50 day moving average price is $106.07 and its 200-day moving average price is $91.54. AAON has a one year low of $57.19 and a one year high of $139.63. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a dividend of $0.08 per share. 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 Analysts Forecast Growth

Several brokerages have weighed in on AAON. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. DA Davidson boosted their price objective on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday. Sidoti cut 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. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Robert W. Baird boosted their price objective on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

Get Our Latest Stock Analysis on AAON

AAON Company Profile

(Get Free Report)

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.

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