Equities Analysts Offer Predictions for AAON FY2024 Earnings

AAON, Inc. (NASDAQ:AAON) – Analysts at DA Davidson decreased their FY2024 earnings per share estimates for AAON in a research report issued on Monday, November 11th. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $2.23 for the year, down from their prior forecast of $2.24. DA Davidson currently has a “Buy” rating and a $150.00 target price on the stock. The consensus estimate for AAON’s current full-year earnings is $2.26 per share.

Several other equities analysts have also recently commented on the stock. Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Sidoti cut AAON from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. Robert W. Baird upped their price objective on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, StockNews.com upgraded AAON from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.00.

AAON Stock Down 2.1 %

AAON stock opened at $137.73 on Wednesday. AAON has a fifty-two week low of $57.56 and a fifty-two week high of $144.07. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.70 and a current ratio of 2.99. The firm’s 50-day simple moving average is $107.94 and its 200 day simple moving average is $92.26. The stock has a market cap of $11.16 billion, a PE ratio of 60.67 and a beta of 0.79.

AAON (NASDAQ:AAON) last issued its quarterly earnings data on Thursday, November 7th. The construction company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. AAON had a return on equity of 25.34% and a net margin of 15.78%. The business had revenue of $327.25 million for the quarter, compared to analysts’ expectations of $315.80 million. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS.

Institutional Trading of AAON

Large investors have recently bought and sold shares of the company. ORG Partners LLC bought a new position in shares of AAON during the 2nd quarter worth $29,000. Blue Trust Inc. boosted its position in AAON by 202.0% during the third quarter. Blue Trust Inc. now owns 296 shares of the construction company’s stock worth $32,000 after purchasing an additional 198 shares during the period. Crewe Advisors LLC bought a new position in AAON during the second quarter worth about $35,000. ORG Wealth Partners LLC purchased a new position in shares of AAON in the third quarter worth about $37,000. Finally, Signaturefd LLC raised its position in shares of AAON by 63.5% in the second quarter. Signaturefd LLC now owns 613 shares of the construction company’s stock valued at $53,000 after purchasing an additional 238 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

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. 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.