AAON (AAON) to Release Quarterly Earnings on Monday

AAON (NASDAQ:AAONGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Parties 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 (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. AAON had a net margin of 10.05% and a return on equity of 14.74%. The company had revenue of $182.77 million during the quarter, compared to analyst estimates of $158.47 million. During the same quarter last year, the business posted $0.30 EPS. AAON’s quarterly 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 Down 1.3 %

AAON stock opened at $61.64 on Friday. AAON has a 1-year low of $47.50 and a 1-year high of $83.79. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 55.53 and a beta of 0.69. 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 firm has a 50 day simple moving average of $55.08 and a 200 day simple moving average of $55.42.

AAON Announces Dividend

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

Insider Activity

In other news, VP Rony D. Gadiwalla sold 3,126 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $55.81, for a total transaction of $174,462.06. Following the completion of the transaction, the vice president now directly owns 27,144 shares in the company, valued at approximately $1,514,906.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Rony D. Gadiwalla sold 1,475 shares of the business’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $54.56, for a total transaction of $80,476.00. Following the completion of the transaction, the vice president now directly owns 27,144 shares in the company, valued at approximately $1,480,976.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rony D. Gadiwalla sold 3,126 shares of AAON stock in a transaction on Monday, June 6th. The stock was sold at an average price of $55.81, for a total transaction of $174,462.06. Following the sale, the vice president now directly owns 27,144 shares of the company’s stock, valued at $1,514,906.64. The disclosure for this sale can be found here. Insiders sold 18,358 shares of company stock worth $987,027 in the last three months. Corporate insiders own 19.27% of the company’s stock.

Institutional Trading of AAON

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in shares of AAON during the 1st quarter worth $5,409,000. BNP Paribas Arbitrage SA lifted its holdings in shares of AAON by 8.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 44,238 shares of the construction company’s stock worth $2,465,000 after acquiring an additional 3,458 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of AAON by 7.4% during the 1st quarter. Citigroup Inc. now owns 39,894 shares of the construction company’s stock worth $2,223,000 after acquiring an additional 2,740 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of AAON during the 1st quarter worth $2,207,000. Finally, Sei Investments Co. lifted its holdings in shares of AAON by 4.5% during the 1st quarter. Sei Investments Co. now owns 37,663 shares of the construction company’s stock worth $2,124,000 after acquiring an additional 1,637 shares during the last quarter. 71.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

AAON Company Profile

(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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