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

AAON (NASDAQ:AAONGet Free Report) released its earnings results on Thursday. The construction company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.58 by $0.05, Briefing.com reports. The firm had revenue of $327.25 million during 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%. AAON’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS.

AAON Stock Performance

Shares of AAON stock traded up $20.41 during mid-day trading on Friday, hitting $139.51. 388,134 shares of the stock were exchanged, compared to its average volume of 603,015. AAON has a 12-month low of $57.19 and a 12-month 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. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 60.38 and a beta of 0.79. The stock’s fifty day simple moving average is $105.21 and its two-hundred day simple moving average is $91.18.

AAON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a $0.08 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.32 annualized dividend and a yield of 0.23%. AAON’s dividend payout ratio is presently 14.41%.

Wall Street Analyst Weigh In

AAON has been the topic of a number of recent research reports. Sidoti lowered shares of AAON from a “buy” rating to a “neutral” rating and upped their target price for the stock from $102.00 to $111.00 in a research note on Tuesday, October 22nd. StockNews.com raised AAON from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Robert W. Baird lifted their price target on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday. Baird R W raised AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, DA Davidson raised their target price on AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. Two 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.00.

View Our Latest Research Report on AAON

About AAON

(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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Earnings History for AAON (NASDAQ:AAON)

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