AAON (NASDAQ:AAON) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS

AAON (NASDAQ:AAON) announced its quarterly earnings results on Thursday. The construction company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07), Briefing.com reports. AAON had a net margin of 15.44% and a return on equity of 26.70%. The business had revenue of $262.10 million for the quarter, compared to analyst estimates of $284.76 million. During the same period last year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis.

AAON Stock Down 13.7 %

AAON stock traded down $12.49 during midday trading on Friday, hitting $78.40. 2,042,878 shares of the company were exchanged, compared to its average volume of 552,285. The company has a market cap of $6.44 billion, a PE ratio of 36.52 and a beta of 0.88. AAON has a fifty-two week low of $52.24 and a fifty-two week high of $96.34. The company’s fifty day moving average price is $86.21 and its 200-day moving average price is $74.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.23 and a quick ratio of 1.54.

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 paid a $0.08 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.41%. AAON’s dividend payout ratio (DPR) is currently 14.91%.

Insider Buying and Selling at AAON

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

Analyst Ratings Changes

Separately, William Blair assumed coverage on shares of AAON in a research note on Monday, April 29th. They issued 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.