AAON (AAON) Scheduled to Post Earnings on Thursday

AAON (NASDAQ:AAON) will announce its earnings results after the market closes on Thursday, May 2nd. Investors that wish to register for the company’s conference call can do so using this link.

AAON (NASDAQ:AAON) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $306.60 million for the quarter, compared to analyst estimates of $294.35 million. AAON had a return on equity of 27.20% and a net margin of 15.20%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. On average, analysts expect AAON to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

AAON Price Performance

Shares of NASDAQ AAON traded up $0.41 during mid-day trading on Tuesday, reaching $94.26. The company’s stock had a trading volume of 17,237 shares, compared to its average volume of 419,181. The stock has a market capitalization of $7.74 billion, a P/E ratio of 43.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 3.23. AAON has a 1-year low of $52.24 and a 1-year high of $96.34. The stock has a 50-day moving average of $85.66 and a two-hundred day moving average of $73.66.

AAON Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, March 15th. AAON’s dividend payout ratio is currently 15.00%.

Insider Transactions at AAON

In related news, Director Norman H. Asbjornson sold 805 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total value of $64,408.05. Following the transaction, the director now directly owns 53,093 shares in the company, valued at $4,247,970.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other AAON news, VP Stephen E. Wakefield sold 24,655 shares of AAON stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.86, for a total transaction of $1,993,603.30. Following the completion of the sale, the vice president now directly owns 15,992 shares in the company, valued at $1,293,113.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Norman H. Asbjornson sold 805 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.01, for a total transaction of $64,408.05. Following the completion of the transaction, the director now owns 53,093 shares in the company, valued at $4,247,970.93. The disclosure for this sale can be found here. Insiders sold 44,596 shares of company stock worth $3,613,768 in the last 90 days. Insiders own 18.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, William Blair initiated coverage on AAON in a research note on Monday. They set an “outperform” rating on the stock.

AAON Company Profile

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.