William Blair Issues Pessimistic Estimate for AAON Earnings

AAON, Inc. (NASDAQ:AAON) – Research analysts at William Blair dropped their FY2024 EPS estimates for AAON in a research report issued on Thursday, November 7th. William Blair analyst R. Merkel now forecasts that the construction company will post earnings per share of $2.28 for the year, down from their prior forecast of $2.33. The consensus estimate for AAON’s current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON’s Q4 2024 earnings at $0.56 EPS, Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $0.88 EPS and FY2025 earnings at $3.20 EPS.

A number of other equities analysts also recently weighed in on the stock. DA Davidson boosted their target price on shares of AAON from $102.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Sidoti cut shares of AAON from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $102.00 to $111.00 in a research report on Tuesday, October 22nd. StockNews.com raised shares of AAON from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Robert W. Baird lifted their price objective on shares of AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Baird R W raised shares of AAON from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AAON presently has an average rating of “Moderate Buy” and a consensus price target of $133.00.

AAON Price Performance

Shares of AAON opened at $137.73 on Monday. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 60.67 and a beta of 0.79. AAON has a 1-year low of $57.56 and a 1-year high of $144.07. The company’s fifty day simple moving average is $107.94 and its 200 day simple moving average is $92.26. The company has a current ratio of 2.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.12.

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

Institutional Investors Weigh In On AAON

A number of institutional investors have recently modified their holdings of the business. Swedbank AB boosted its position in shares of AAON by 6.0% in the third quarter. Swedbank AB now owns 177,000 shares of the construction company’s stock valued at $19,088,000 after acquiring an additional 10,000 shares during the period. Great Valley Advisor Group Inc. bought a new stake in shares of AAON in the third quarter valued at about $353,000. Nicolet Advisory Services LLC boosted its position in shares of AAON by 7.9% in the third quarter. Nicolet Advisory Services LLC now owns 7,916 shares of the construction company’s stock valued at $849,000 after acquiring an additional 581 shares during the period. AlphaCore Capital LLC bought a new stake in shares of AAON in the third quarter valued at about $263,000. Finally, Intech Investment Management LLC bought a new stake in shares of AAON in the third quarter valued at about $537,000. Institutional investors own 70.81% of the company’s stock.

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.