AAON (NASDAQ:AAON) Issues Earnings Results

AAON (NASDAQ:AAON) announced its earnings results on Thursday. The construction company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.06), Briefing.com reports. The firm had revenue of $119.40 million during the quarter, compared to the consensus estimate of $124.42 million. AAON had a return on equity of 19.79% and a net margin of 10.97%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share.

AAON stock traded up $1.06 during trading hours on Thursday, reaching $51.86. The stock had a trading volume of 215,948 shares, compared to its average volume of 131,678. The company has a market capitalization of $2.62 billion, a P/E ratio of 64.02, a price-to-earnings-growth ratio of 2.64 and a beta of 0.99. The stock has a 50 day moving average of $50.03. AAON has a 52 week low of $31.55 and a 52 week high of $53.27.

A number of brokerages have commented on AAON. DA Davidson downgraded shares of AAON from a “neutral” rating to an “underperform” rating and set a $35.00 target price for the company. in a report on Monday, May 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of AAON from a “sell” rating to a “hold” rating in a report on Monday, July 8th. TheStreet downgraded shares of AAON from a “b+” rating to a “c” rating in a report on Thursday, May 9th. Finally, BidaskClub upgraded shares of AAON from a “hold” rating to a “buy” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. AAON presently has an average rating of “Hold” and an average target price of $40.50.

In other news, CFO Scott M. Asbjornson sold 3,824 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $48.83, for a total transaction of $186,725.92. Following the sale, the chief financial officer now owns 856,247 shares in the company, valued at $41,810,541.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stephen E. Wakefield sold 1,118 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $47.83, for a total value of $53,473.94. Following the sale, the vice president now owns 6,878 shares in the company, valued at approximately $328,974.74. The disclosure for this sale can be found here. Insiders sold 6,042 shares of company stock valued at $292,967 over the last quarter. 22.24% of the stock is currently owned by corporate 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. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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Earnings History for AAON (NASDAQ:AAON)

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