William Blair Issues Pessimistic Estimate for AAON Earnings

Key Points

• William Blair has decreased their Q4 2025 earnings per share estimate for AAON from $0.60 to $0.46, indicating a bearish outlook for the company's financial performance.
• AAON's most recent quarterly earnings report showed a miss on expectations, with an EPS of $0.22 compared to a consensus estimate of $0.31, while revenues also fell short at $311.57 million.
• Despite the negative earnings forecast, AAON maintains a consensus rating of "Buy" among analysts, with an average price target of $107.00 for the stock.

AAON, Inc. (NASDAQ:AAON - Free Report) - Analysts at William Blair reduced their Q4 2025 earnings per share (EPS) estimates for shares of AAON in a research report issued to clients and investors on Monday, August 11th. William Blair analyst R. Merkel now anticipates that the construction company will earn $0.46 per share for the quarter, down from their prior forecast of $0.60. The consensus estimate for AAON's current full-year earnings is $2.26 per share. William Blair also issued estimates for AAON's Q1 2026 earnings at $0.44 EPS, Q2 2026 earnings at $0.52 EPS and FY2026 earnings at $2.32 EPS.

AAON (NASDAQ:AAON - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The construction company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.09). AAON had a return on equity of 20.23% and a net margin of 12.60%. The firm had revenue of $311.57 million for the quarter, compared to the consensus estimate of $326.15 million. During the same period last year, the company posted $0.62 earnings per share. The business's revenue was down .6% compared to the same quarter last year.

A number of other equities analysts have also recently commented on AAON. Robert W. Baird reduced their price target on AAON from $102.00 to $98.00 and set a "buy" rating for the company in a report on Tuesday. Sidoti raised shares of AAON from a "neutral" rating to a "buy" rating and set a $95.00 price objective for the company in a research report on Monday, June 16th. Finally, Wall Street Zen raised shares of AAON from a "sell" rating to a "hold" rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AAON currently has a consensus rating of "Buy" and an average price target of $107.00.

AAON Stock Down 10.5%

AAON stock opened at $72.07 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.77 and a quick ratio of 1.80. The company's 50-day moving average is $78.52 and its 200-day moving average is $88.04. The firm has a market capitalization of $5.86 billion, a PE ratio of 37.93 and a beta of 0.94. AAON has a fifty-two week low of $62.00 and a fifty-two week high of $144.07.

Insiders Place Their Bets

In other news, Director Gordon Douglas Wichman sold 21,302 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $104.48, for a total transaction of $2,225,632.96. Following the transaction, the director directly owned 8,754 shares of the company's stock, valued at approximately $914,617.92. This trade represents a 70.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.55% of the stock is owned by insiders.

Institutional Trading of AAON

A number of institutional investors and hedge funds have recently made changes to their positions in AAON. Rakuten Securities Inc. increased its position in AAON by 613.3% during the 1st quarter. Rakuten Securities Inc. now owns 321 shares of the construction company's stock worth $25,000 after purchasing an additional 276 shares in the last quarter. Versant Capital Management Inc boosted its position in AAON by 652.3% during the 1st quarter. Versant Capital Management Inc now owns 331 shares of the construction company's stock worth $26,000 after buying an additional 287 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in AAON during the 2nd quarter worth approximately $26,000. Quarry LP increased its position in AAON by 49.0% in the 4th quarter. Quarry LP now owns 313 shares of the construction company's stock valued at $37,000 after acquiring an additional 103 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of AAON by 81.2% during the first quarter. UMB Bank n.a. now owns 589 shares of the construction company's stock worth $46,000 after purchasing an additional 264 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.

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