AAON (AAON) to Release Quarterly Earnings on Thursday

AAON (NASDAQ:AAON) will likely be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $320.49 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

AAON Stock Performance

Shares of NASDAQ AAON opened at $100.29 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 3.06 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $118.93 and its two-hundred day moving average price is $114.40. AAON has a 52-week low of $70.28 and a 52-week high of $144.07. The stock has a market capitalization of $8.15 billion, a P/E ratio of 44.18 and a beta of 0.87.

Analysts Set New Price Targets

AAON has been the topic of a number of recent analyst reports. DA Davidson lifted their price target on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Robert W. Baird lifted their price target on AAON from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AAON has a consensus rating of “Moderate Buy” and an average price target of $133.00.

Insider Activity at AAON

In related news, CFO Rebecca Thompson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $138.00, for a total transaction of $690,000.00. Following the transaction, the chief financial officer now owns 17,297 shares in the company, valued at $2,386,986. This trade represents a 22.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $130.99, for a total transaction of $702,368.38. Following the transaction, the vice president now owns 4,558 shares in the company, valued at $597,052.42. This represents a 54.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.55% 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.