Zacks: Analysts Expect AAON, Inc. (NASDAQ:AAON) Will Post Earnings of $0.27 Per Share

Equities analysts expect AAON, Inc. (NASDAQ:AAON) to announce earnings of $0.27 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for AAON’s earnings. AAON posted earnings of $0.24 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 26th.

On average, analysts expect that AAON will report full-year earnings of $0.99 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will report earnings of $1.29 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover AAON.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, October 31st. The construction company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02). The company had revenue of $113.50 million for the quarter, compared to analyst estimates of $126.84 million. AAON had a return on equity of 19.11% and a net margin of 10.94%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share.

Several equities analysts recently weighed in on AAON shares. ValuEngine downgraded AAON from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded shares of AAON from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd. Finally, Zacks Investment Research lowered AAON from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.50.

In related news, VP Rony D. Gadiwalla sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $50.38, for a total value of $201,520.00. Following the transaction, the vice president now owns 31,934 shares in the company, valued at approximately $1,608,834.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott M. Asbjornson sold 21,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $49.90, for a total value of $1,047,900.00. Following the sale, the chief financial officer now directly owns 869,267 shares of the company’s stock, valued at $43,376,423.30. The disclosure for this sale can be found here. Insiders own 22.24% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Congress Asset Management Co. MA grew its stake in shares of AAON by 0.6% during the second quarter. Congress Asset Management Co. MA now owns 82,984 shares of the construction company’s stock worth $4,164,000 after purchasing an additional 530 shares during the period. HBK Sorce Advisory LLC bought a new position in shares of AAON in the second quarter worth approximately $201,000. HighTower Advisors LLC bought a new position in shares of AAON in the second quarter worth approximately $286,000. Rhumbline Advisers grew its holdings in shares of AAON by 2.2% during the third quarter. Rhumbline Advisers now owns 126,614 shares of the construction company’s stock valued at $5,817,000 after buying an additional 2,760 shares during the last quarter. Finally, Mason Street Advisors LLC increased its holdings in shares of AAON by 1.7% in the 3rd quarter. Mason Street Advisors LLC now owns 13,801 shares of the construction company’s stock worth $634,000 after purchasing an additional 232 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

AAON stock traded down $0.95 during mid-day trading on Tuesday, reaching $47.63. The stock had a trading volume of 1,974 shares, compared to its average volume of 128,253. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 58.99 and a beta of 0.94. AAON has a one year low of $32.33 and a one year high of $53.27. The company has a 50-day moving average price of $48.90 and a two-hundred day moving average price of $48.14.

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 26th. AAON’s dividend payout ratio (DPR) is presently 39.51%.

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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