AAON (AAON) Expected to Announce Quarterly Earnings on Thursday

AAON (NASDAQ:AAON) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect AAON to post earnings of $0.24 per share and revenue of $289.16 million for the quarter.

AAON Price Performance

Shares of AAON stock opened at $82.06 on Thursday. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 36.15 and a beta of 0.96. 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 stock’s 50-day simple moving average is $84.94 and its 200-day simple moving average is $109.57. AAON has a 52 week low of $68.98 and a 52 week high of $144.07.

AAON announced that its board has initiated a stock repurchase plan on Tuesday, March 4th that authorizes the company to buyback $30.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 0.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

AAON Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.49%. This is an increase from AAON’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, March 18th. AAON’s dividend payout ratio is presently 19.90%.

Insider Activity

In other news, Director David Raymond Stewart acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $80.86 per share, with a total value of $80,860.00. Following the completion of the purchase, the director now directly owns 3,000 shares in the company, valued at approximately $242,580. This trade represents a 50.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 18.55% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AAON shares. StockNews.com lowered shares of AAON from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. CJS Securities raised AAON from a “market perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Friday, February 28th. DA Davidson reduced their price objective on AAON from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Robert W. Baird lowered their target price on AAON from $155.00 to $116.00 and set an “outperform” rating for the company in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

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.