AAON (NASDAQ:AAON) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

AAON (NASDAQ:AAON) announced its quarterly earnings results on Thursday. The construction company reported $0.46 EPS 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 during the quarter, compared to the consensus estimate of $284.76 million. During the same period in the previous year, the business posted $0.45 EPS. The firm’s revenue was down 1.4% on a year-over-year basis.

AAON Trading Down 13.7 %

Shares of NASDAQ:AAON opened at $78.40 on Friday. The company has a quick ratio of 1.54, a current ratio of 3.23 and a debt-to-equity ratio of 0.05. AAON has a 52-week low of $52.24 and a 52-week high of $96.34. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 36.52 and a beta of 0.88. The business has a 50-day moving average price of $86.21 and a 200-day moving average price of $74.45.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.41%. AAON’s dividend payout ratio is currently 14.91%.

Insider Buying and Selling

In related news, Director Norman H. Asbjornson sold 805 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 53,093 shares of the company’s stock, valued at $4,247,970.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other AAON news, Director Norman H. Asbjornson sold 19,136 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $81.30, for a total value of $1,555,756.80. Following the sale, the director now owns 14,874 shares in the company, valued at approximately $1,209,256.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction, the director now directly owns 53,093 shares of the company’s stock, valued at $4,247,970.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,596 shares of company stock worth $3,613,768. 18.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, William Blair assumed coverage on shares of AAON in a research report 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.