AAON (AAON) to Release Quarterly Earnings on Monday

AAON (NASDAQ:AAONGet Rating) is scheduled to announce its earnings results after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

AAON (NASDAQ:AAONGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The construction company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. AAON had a return on equity of 14.74% and a net margin of 10.05%. The firm had revenue of $182.77 million during the quarter, compared to the consensus estimate of $158.47 million. During the same period last year, the business posted $0.30 EPS. The business’s revenue was up 57.8% compared to the same quarter last year. On average, analysts expect AAON to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

AAON Stock Performance

Shares of AAON stock opened at $61.64 on Friday. The company has a current ratio of 2.48, a quick ratio of 1.20 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $55.08 and a two-hundred day moving average price of $55.42. AAON has a 1-year low of $47.50 and a 1-year high of $83.79. The company has a market cap of $3.27 billion, a P/E ratio of 55.53 and a beta of 0.69.

AAON Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 3rd were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, June 2nd. This represents a yield of 0.7%. AAON’s payout ratio is currently 34.23%.

Insider Transactions at AAON

In other news, VP Rony D. Gadiwalla sold 4,000 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $53.80, for a total transaction of $215,200.00. Following the transaction, the vice president now owns 27,144 shares of the company’s stock, valued at approximately $1,460,347.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Rony D. Gadiwalla sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $52.50, for a total value of $105,000.00. Following the transaction, the vice president now owns 27,144 shares of the company’s stock, valued at approximately $1,425,060. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Rony D. Gadiwalla sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $53.80, for a total transaction of $215,200.00. Following the completion of the transaction, the vice president now directly owns 27,144 shares in the company, valued at approximately $1,460,347.20. The disclosure for this sale can be found here. Insiders have sold 18,358 shares of company stock valued at $987,027 in the last 90 days. 19.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AAON

Several large investors have recently added to or reduced their stakes in AAON. Eaton Vance Management lifted its position in AAON by 81.5% in the 1st quarter. Eaton Vance Management now owns 767,059 shares of the construction company’s stock valued at $42,749,000 after acquiring an additional 344,398 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of AAON by 46.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 597,584 shares of the construction company’s stock worth $33,303,000 after buying an additional 188,771 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of AAON during the 1st quarter worth approximately $5,409,000. State Street Corp lifted its position in shares of AAON by 4.1% during the 1st quarter. State Street Corp now owns 1,390,471 shares of the construction company’s stock worth $77,491,000 after buying an additional 54,789 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of AAON by 37.2% during the 1st quarter. Bank of America Corp DE now owns 169,926 shares of the construction company’s stock worth $9,470,000 after buying an additional 46,085 shares in the last quarter. Institutional investors own 71.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AAON shares. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a report on Friday, May 6th. DA Davidson raised shares of AAON from a “neutral” rating to a “buy” rating in a research report on Friday, May 6th.

About AAON

(Get Rating)

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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Earnings History for AAON (NASDAQ:AAON)

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