Equities Analysts Set Expectations for AAON Q4 Earnings

AAON, Inc. (NASDAQ:AAON) – DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for shares of AAON in a research report issued to clients and investors on Monday, November 11th. DA Davidson analyst B. Thielman anticipates that the construction company will earn $0.51 per share for the quarter. DA Davidson has a “Buy” rating and a $150.00 price objective on the stock. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. DA Davidson also issued estimates for AAON’s FY2025 earnings at $2.73 EPS.

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

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

AAON Trading Down 2.1 %

Shares of AAON stock opened at $137.73 on Tuesday. AAON has a 12-month low of $57.56 and a 12-month high of $144.07. The stock has a market cap of $11.16 billion, a P/E ratio of 60.67 and a beta of 0.79. The company has a quick ratio of 1.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $107.94 and its 200-day moving average is $92.26.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AAON. Janney Montgomery Scott LLC increased its position in AAON by 99.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,258 shares of the construction company’s stock worth $1,520,000 after buying an additional 8,613 shares during the period. GSA Capital Partners LLP bought a new position in AAON during the 1st quarter worth $429,000. SG Americas Securities LLC bought a new position in AAON during the 1st quarter worth $212,000. Sei Investments Co. increased its position in AAON by 2.1% during the 1st quarter. Sei Investments Co. now owns 146,519 shares of the construction company’s stock worth $12,908,000 after buying an additional 2,985 shares during the period. Finally, Russell Investments Group Ltd. increased its position in AAON by 3.1% during the 1st quarter. Russell Investments Group Ltd. now owns 35,819 shares of the construction company’s stock worth $3,156,000 after buying an additional 1,090 shares during the period. Institutional investors own 70.81% of the company’s 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.