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

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

AAON Stock Performance

Shares of AAON stock traded up $18.69 during mid-day trading on Friday, hitting $137.79. 350,084 shares of the stock were exchanged, compared to its average volume of 602,840. The stock’s fifty day simple moving average is $105.21 and its two-hundred day simple moving average is $91.18. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 60.38 and a beta of 0.79. AAON has a 12-month low of $57.19 and a 12-month high of $138.19. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Friday, September 6th. AAON’s payout ratio is 14.41%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. DA Davidson raised their price target on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday. Baird R W upgraded AAON from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 28th. StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Robert W. Baird raised their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Sidoti cut AAON from a “buy” rating to a “neutral” rating and raised their price target for the company from $102.00 to $111.00 in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

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.