AAON, Inc. (AAON) Issues Quarterly Earnings Results
AAON, Inc. (NASDAQ:AAON) posted its quarterly earnings results on Thursday. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01), Briefing.com reports. AAON had a net margin of 12.77% and a return on equity of 23.17%. The business had revenue of $113.67 million for the quarter, compared to analysts’ expectations of $111.76 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis.
Shares of AAON (NASDAQ AAON) traded up $0.05 during trading hours on Friday, hitting $34.45. 151,794 shares of the stock traded hands, compared to its average volume of 132,675. The stock has a market capitalization of $1.80 billion, a P/E ratio of 36.54 and a beta of 1.01.
In other news, Director Jack E. Short sold 5,062 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $31.91, for a total value of $161,528.42. Following the completion of the transaction, the director now owns 54,336 shares of the company’s stock, valued at $1,733,861.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 22.25% of the company’s stock.
Several brokerages have recently commented on AAON. BidaskClub downgraded shares of AAON from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of AAON from a “sell” rating to a “hold” rating in a research note on Friday, August 25th.
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AAON, Inc is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps and coils.
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