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10300.0
|
2015-09-09 00:00:00 UTC
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Cavium & Quantenna Deliver New 10G Wave 3 Wi-Fi Solutions
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AAOI
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https://www.nasdaq.com/articles/cavium-quantenna-deliver-new-10g-wave-3-wi-fi-solutions-2015-09-09
|
nan
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nan
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Semiconductor maker Cavium, Inc.CAVM expanded its partnership with Quantenna Communication to take Wi-Fi performance to a new level, by delivering the newest high-performance 10G Wave 3 Wi-Fi solutions.
In today's times, Wi-Fi is an all-pervasive utility at home, work and public places. The proliferation of social media, online video and home entertainment is driving a huge need for bandwidth-demanding applications with increasing real-time video sharing and 4K video streaming. Thus, there is a significant demand for high capacity, flexible and scalable Wi-Fi to address these needs.
The new Quantenna True 8x8 QSR10G Wi-Fi platform, paired with Cavium's OCTEON III CN71XX low-power, high-performance quad-core processors will cater to the needs of next generation Wi-Fi access points, routers and gateways, and will tackle reliability, capacity, thermal and security challenges as well.
The Quantenna 10G Wave 3 Wi-Fi platform has up to 12 streams and MU-MIMO support and can thus support more clients and greater capacity. The 10G-capable CN7130 processor optimizes the Quantenna 10G Wave 3 Wi-Fi by delivering the capability to process and safely transport data for hundreds of users, while also offering QoS and deep packet inspection ("DPI") in a low cost, low power envelope.
Cavium and Quantenna have been partners in the joint Wave2 11ac platform, and they continue working closely on turn-key reference designs to enable fast adoption of the new technology. Their collaboration has created an outstanding solution that delivers range, speed, scalability and security to service provider hotspot and home Wi-Fi markets.
Cavium presently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the semiconductor space that are worth a look now include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both sporting a Zacks Rank #1 (Strong Buy) and Pixelworks, Inc. PXLW , holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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CAVIUM INC (CAVM): Free Stock Analysis Report
MELLANOX TECH (MLNX): Free Stock Analysis Report
PIXELWORKS INC (PXLW): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Better-ranked stocks in the semiconductor space that are worth a look now include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both sporting a Zacks Rank #1 (Strong Buy) and Pixelworks, Inc. PXLW , holding a Zacks Rank #2 (Buy). Click to get this free report CAVIUM INC (CAVM): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The new Quantenna True 8x8 QSR10G Wi-Fi platform, paired with Cavium's OCTEON III CN71XX low-power, high-performance quad-core processors will cater to the needs of next generation Wi-Fi access points, routers and gateways, and will tackle reliability, capacity, thermal and security challenges as well.
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Better-ranked stocks in the semiconductor space that are worth a look now include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both sporting a Zacks Rank #1 (Strong Buy) and Pixelworks, Inc. PXLW , holding a Zacks Rank #2 (Buy). Click to get this free report CAVIUM INC (CAVM): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report CAVIUM INC (CAVM): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the semiconductor space that are worth a look now include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both sporting a Zacks Rank #1 (Strong Buy) and Pixelworks, Inc. PXLW , holding a Zacks Rank #2 (Buy). Semiconductor maker Cavium, Inc.CAVM expanded its partnership with Quantenna Communication to take Wi-Fi performance to a new level, by delivering the newest high-performance 10G Wave 3 Wi-Fi solutions.
|
Click to get this free report CAVIUM INC (CAVM): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the semiconductor space that are worth a look now include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both sporting a Zacks Rank #1 (Strong Buy) and Pixelworks, Inc. PXLW , holding a Zacks Rank #2 (Buy). Semiconductor maker Cavium, Inc.CAVM expanded its partnership with Quantenna Communication to take Wi-Fi performance to a new level, by delivering the newest high-performance 10G Wave 3 Wi-Fi solutions.
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10301.0
|
2015-09-03 00:00:00 UTC
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Microchip Launches New Configurable Embedded Controllers
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AAOI
|
https://www.nasdaq.com/articles/microchip-launches-new-configurable-embedded-controllers-2015-09-03
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nan
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nan
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Leading semiconductor manufacturer Microchip Technology Inc.MCHP launched the MEC14XX family of highly configurable low-power embedded controllers, designed to meet the needs of x86-based notebook and tablet platform designers.
The MEC14XX family is scalable and one of the first to support both Intel's new Enhanced Serial Peripheral Interface (eSPI) and the existing Low Pin Count interface ("LPC") to enable communication with the system host. This is also Microchip's first embedded controller family designed for general x86 computing, which boasts its award-winning MPLAB development tool support.
The devices facilitate a seamless migration of intellectual property reuse across multiple x86 computing platform architectures, such as Intel iCore, Intel Atom and AMD-based systems. Also, to ensure a smooth evolution of the mobile computing industry to the new interface and lower-voltage designs, the MEC14XX devices also offer a flexible arrangement that enables the configuration of multiple I/O signals to support either 3.3V or 1.8V. This removes the need for external voltage translators, thus reducing the system bill-of-materials cost.
The LPC interface, which is currently in the market, has served the computing market for over 15 years. However, it is struggling to keep up as computing platforms go on transitioning to lower voltages and devices transition to smaller lithographies. The new eSPI interface is well-suited to meet the market's future needs.
Microchip is committed to staying ahead of the industry in defining, implementing and validating the new eSPI system interface.
Microchip presently has a Zacks Rank #4 (Sell). Other stocks that look promising include Applied Optoelectronics, Inc AAOI carrying a Zacks Rank #1 (Strong Buy) along with eMagin Corp. EMAN and Pixelworks, Inc PXLW , carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MICROCHIP TECH (MCHP): Free Stock Analysis Report
EMAGIN CORP (EMAN): Free Stock Analysis Report
PIXELWORKS INC (PXLW): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Other stocks that look promising include Applied Optoelectronics, Inc AAOI carrying a Zacks Rank #1 (Strong Buy) along with eMagin Corp. EMAN and Pixelworks, Inc PXLW , carrying a Zacks Rank #2 (Buy). Click to get this free report MICROCHIP TECH (MCHP): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. This is also Microchip's first embedded controller family designed for general x86 computing, which boasts its award-winning MPLAB development tool support.
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Other stocks that look promising include Applied Optoelectronics, Inc AAOI carrying a Zacks Rank #1 (Strong Buy) along with eMagin Corp. EMAN and Pixelworks, Inc PXLW , carrying a Zacks Rank #2 (Buy). Click to get this free report MICROCHIP TECH (MCHP): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks that look promising include Applied Optoelectronics, Inc AAOI carrying a Zacks Rank #1 (Strong Buy) along with eMagin Corp. EMAN and Pixelworks, Inc PXLW , carrying a Zacks Rank #2 (Buy). Click to get this free report MICROCHIP TECH (MCHP): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The MEC14XX family is scalable and one of the first to support both Intel's new Enhanced Serial Peripheral Interface (eSPI) and the existing Low Pin Count interface ("LPC") to enable communication with the system host.
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Click to get this free report MICROCHIP TECH (MCHP): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks that look promising include Applied Optoelectronics, Inc AAOI carrying a Zacks Rank #1 (Strong Buy) along with eMagin Corp. EMAN and Pixelworks, Inc PXLW , carrying a Zacks Rank #2 (Buy). The MEC14XX family is scalable and one of the first to support both Intel's new Enhanced Serial Peripheral Interface (eSPI) and the existing Low Pin Count interface ("LPC") to enable communication with the system host.
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10302.0
|
2015-09-03 00:00:00 UTC
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Alpha & Omega Semiconductor (AOSL) Jumps: Stock Up 9.4%
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AAOI
|
https://www.nasdaq.com/articles/alpha-omega-semiconductor-aosl-jumps%3A-stock-up-9.4-2015-09-03
|
nan
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nan
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Alpha & Omega Semiconductor, Ltd. ( AOSL ) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.99 to $7.65 since Aug 7.
The stock has witnessed two downward estimate revisions in the past 30 days. The Zacks Consensus Estimate has also moved down over same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.
Alpha & Omega carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the elec comp-semic industry is Applied Optoelectronics, Inc. ( AAOI ), sporting a Zacks Rank #1 (Strong Buy).
Is AOSL going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ALPHA&OMEGA SEM (AOSL): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
A better-ranked stock in the elec comp-semic industry is Applied Optoelectronics, Inc. ( AAOI ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report ALPHA&OMEGA SEM (AOSL): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Alpha & Omega Semiconductor, Ltd. ( AOSL ) was a big mover last session, as the company saw its shares rise more than 9% on the day.
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Click to get this free report ALPHA&OMEGA SEM (AOSL): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the elec comp-semic industry is Applied Optoelectronics, Inc. ( AAOI ), sporting a Zacks Rank #1 (Strong Buy). Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report ALPHA&OMEGA SEM (AOSL): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the elec comp-semic industry is Applied Optoelectronics, Inc. ( AAOI ), sporting a Zacks Rank #1 (Strong Buy). Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
|
A better-ranked stock in the elec comp-semic industry is Applied Optoelectronics, Inc. ( AAOI ), sporting a Zacks Rank #1 (Strong Buy). Click to get this free report ALPHA&OMEGA SEM (AOSL): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Alpha & Omega Semiconductor, Ltd. ( AOSL ) was a big mover last session, as the company saw its shares rise more than 9% on the day.
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10303.0
|
2015-09-01 00:00:00 UTC
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Microchip's New Thermocouple to Save Device Space & Cost
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AAOI
|
https://www.nasdaq.com/articles/microchips-new-thermocouple-to-save-device-space-cost-2015-09-01
|
nan
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nan
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Leading semiconductor manufacturer Microchip Technology Inc.MCHP recently announced the launch of the MCP9600 integrated circuit (IC), the world's first integrated precision instrument and temperature sensor along with a math engine to support varied thermocouple types. These thermocouples are used by the designers of industrial, consumer, automotive/aerospace and petrochemical applications to measure temperature.
The MCP9600 uses a temperature-data digital filter to measure temperature with minimal effect of temperature fluctuations, system noise and electromagnetic interference. Its shutdown modes reduce the overall system power consumption, while its four user-programmable temperature-alert outputs reduce the system microcontroller's overhead and code space. The product is the first plug-and-play solution for creating thermocouple-based designs. High quality standards, solid performance, reliability features, ease of use, pricing and diversity of products make Microchip one of the better-positioned companies in the semiconductor universe.
The new SOC enables designers to make accurate temperature calculations without creating precision instrumentation circuitry or designing ADC (analog-to-digital converter) circuitry. The new product line is likely to offer better performance and advanced integrated features and is thus optimized for varied industries
Microchip is one of the leading Flash-IP solution, mixed signal and microcontroller providers in the contemporary technology market. The company enjoys a strong goodwill in the semiconductor industry and owns a wide network of business internationalization process. The new invention will reinforce the company's product portfolio and consequently, augment its revenue and margins in the near future.
Microchip currently has a Zacks Rank #4 (Sell). Other stocks that look promising include Applied Optoelectronics, Inc AAOI carrying a Zacks Rank #1 (Strong Buy) along with eMagin Corp. EMAN and Pixelworks, Inc PXLW , carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MICROCHIP TECH (MCHP): Free Stock Analysis Report
EMAGIN CORP (EMAN): Free Stock Analysis Report
PIXELWORKS INC (PXLW): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Other stocks that look promising include Applied Optoelectronics, Inc AAOI carrying a Zacks Rank #1 (Strong Buy) along with eMagin Corp. EMAN and Pixelworks, Inc PXLW , carrying a Zacks Rank #2 (Buy). Click to get this free report MICROCHIP TECH (MCHP): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. High quality standards, solid performance, reliability features, ease of use, pricing and diversity of products make Microchip one of the better-positioned companies in the semiconductor universe.
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Other stocks that look promising include Applied Optoelectronics, Inc AAOI carrying a Zacks Rank #1 (Strong Buy) along with eMagin Corp. EMAN and Pixelworks, Inc PXLW , carrying a Zacks Rank #2 (Buy). Click to get this free report MICROCHIP TECH (MCHP): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Other stocks that look promising include Applied Optoelectronics, Inc AAOI carrying a Zacks Rank #1 (Strong Buy) along with eMagin Corp. EMAN and Pixelworks, Inc PXLW , carrying a Zacks Rank #2 (Buy). Click to get this free report MICROCHIP TECH (MCHP): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Leading semiconductor manufacturer Microchip Technology Inc.MCHP recently announced the launch of the MCP9600 integrated circuit (IC), the world's first integrated precision instrument and temperature sensor along with a math engine to support varied thermocouple types.
|
Click to get this free report MICROCHIP TECH (MCHP): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks that look promising include Applied Optoelectronics, Inc AAOI carrying a Zacks Rank #1 (Strong Buy) along with eMagin Corp. EMAN and Pixelworks, Inc PXLW , carrying a Zacks Rank #2 (Buy). The new product line is likely to offer better performance and advanced integrated features and is thus optimized for varied industries Microchip is one of the leading Flash-IP solution, mixed signal and microcontroller providers in the contemporary technology market.
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10304.0
|
2015-09-01 00:00:00 UTC
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Advanced Micro Brings AMD Radeon R9 Nano for 4K Gamers
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AAOI
|
https://www.nasdaq.com/articles/advanced-micro-brings-amd-radeon-r9-nano-for-4k-gamers-2015-09-01
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nan
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nan
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Advanced Micro Devices Inc.AMD looks determined to ride on the growing popularity of gaming devices. In this regard, the company recently launched a graphic processing unit (GPU), AMD Radeon R9 Nano - the latest addition to the AMD Radeon R9 fury graphics family -suitable for 4K gaming.
Advanced Micro previewed the AMD Radeon R9 Nano graphics card at the Electronic Entertainment Expo in Los Angeles in Jun 2015. Based on the graphics chip code titled Fiji, this card is ideal for gamers who require superior graphic performance. The graphics card will support the modern APIs such as DirectX12 and Vulkan with the desired speed for optimal graphics' solutions for notebooks and desktops. It has been designed to deliver up to 8.19 teraFLOPS of computing performance, offering extreme gaming details.
The new card is 30% more power efficient than the previous generation AMD Radeon™ R9 290X card. It provides enhanced efficiency and performance for ultra-high resolutions and great VR experience. Ranging in price from $199-$649, Radeon R9 line of graphics cards include 4,096 stream processing units, 2GB GDDR5 memory, up to 1.0Gbps memory clock speed and 1,000 MHz engine clock. Additionally, it supports Project FreeSync and AMD TrueAudio technology offering enhanced sound effect through stereo headsets and speakers. Thus Advanced Micro's revenues are poised to grow if the latest GPU manages to cater to growing demand.
Advanced Micro's turnaround plan remains on track. The company intends to expand its semi-custom business into high-growth markets such as the ultra-low power client, embedded, dense server and professional graphics, by offering various products that run on its APU and graphics IP.
After incurring losses from the decline in PC shipments, losing market share to Intel INTC and making a late entry into the emerging markets, Advanced Micro needs to do all it can to brace up its business. Gaming is certainly one of its strongest markets, where it has won sockets at all three major console providers. Advanced Micro seems on track to further strengthen its position in the segment.
Therefore, Advanced Micro's shift toward more conducive markets, its game console wins, adoption of new products, position in graphics and good execution are expected to pull the company out of the PC market doldrums.
Currently, Advanced Micro carries a Zacks Rank #5 (Strong Sell). However, some stocks that have been performing well are Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX . Both these stocks sporting a Zacks Rank #1 (Strong Buy) are worth considering.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
INTEL CORP (INTC): Free Stock Analysis Report
ADV MICRO DEV (AMD): Free Stock Analysis Report
MELLANOX TECH (MLNX): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
However, some stocks that have been performing well are Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX . Click to get this free report INTEL CORP (INTC): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Advanced Micro previewed the AMD Radeon R9 Nano graphics card at the Electronic Entertainment Expo in Los Angeles in Jun 2015.
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Click to get this free report INTEL CORP (INTC): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. However, some stocks that have been performing well are Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX . In this regard, the company recently launched a graphic processing unit (GPU), AMD Radeon R9 Nano - the latest addition to the AMD Radeon R9 fury graphics family -suitable for 4K gaming.
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Click to get this free report INTEL CORP (INTC): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. However, some stocks that have been performing well are Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX . In this regard, the company recently launched a graphic processing unit (GPU), AMD Radeon R9 Nano - the latest addition to the AMD Radeon R9 fury graphics family -suitable for 4K gaming.
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However, some stocks that have been performing well are Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX . Click to get this free report INTEL CORP (INTC): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. In this regard, the company recently launched a graphic processing unit (GPU), AMD Radeon R9 Nano - the latest addition to the AMD Radeon R9 fury graphics family -suitable for 4K gaming.
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10305.0
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2015-08-28 00:00:00 UTC
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4 Top Momentum Stocks to Bounce Up Your Returns
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AAOI
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https://www.nasdaq.com/articles/4-top-momentum-stocks-to-bounce-up-your-returns-2015-08-28
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nan
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nan
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After the market shook in China - the epicenter of the flash crash on Aug 24 - aftershocks were felt across boundaries.
The furor over how China blew the global economy and financial markets pin point to the country's sudden devaluation of its tightly controlled currency yuan - a telltale that matters were worse than what met the eye. The decline in the country's total value of imports and exports plunged 8.2% in July, as per data provided by the National Bureau of Statistics of China. Also, a steep fall in new orders, plunging growth levels and a stressed stock market compelled the Chinese central bank to take this desperate step.
Growing concerns over the ailing Chinese economy unnerved even the most stoic investors, and the spillover effect was clearly visible beyond the Great Wall, be it in Asia, Europe or the U.S. But this turned out be another passing phase!
The Bounce
In a desperate attempt to stem the rout in the domestic and global markets, the People's Bank of China (PBC) cut interest rates. Also, PCB lowered the amount of reserves that the country's banks must hold, to pull together the economy.
So the Chinese stock market showed a recovery by jumping 5.3% yesterday, after falling for five consecutive trading sessions (including Black Monday, which saw an 8.5% decline).
In the U.S. market, major indices including the S&P 500 slipped into correction to keep the Chinese threats at bay. Nasdaq and Dow Jones also followed suit, walking the correction trail.
Investors heaved a sigh of relief when the Consumer Confidence Index - a key determinant of the economy's health - increased to 101.5 in August from July's reading of 91.0, according to the recent Conference Board data. Moreover, the Commerce Department unveiled that new home sales grew 5.4% in July to a seasonally adjusted annual rate of 507,000 units.
William Dudley - the New York Fed President - also spread positive vibes on Aug 26. He clarified that the recent market chaos makes the possibility of a rate hike in September "less compelling" than it was few weeks back.
As a result, after suffering its biggest weekly pullback since Sep 2011, the S&P 500 shrugged off the Chinese qualms, with a jump of 2.4% noted yesterday. The index had started showing recovery on Wednesday itself, when it rose 3.9%. Also, the Dow Jones Industrial Average (^DJI) and NASDAQ Composite (^IXIC) witnessed a rise of 2.3% and 2.5%, respectively, in the last trading session, after increasing 4% each on Wednesday.
The U.S. economy may just have escaped a bad blow.
What Next?
Investors must make most of the correction, which is, a golden opportunity to buy quality stocks at the best bargains. Several analysts also believe that the recent sell-off was a reaction to certain market aspects and this weakness may not persist. Following a long sell-off, the markets are most likely to bounce back. The stock market cycle only gives us a good reason to invest in the momentum stocks.
A favorable momentum style score indicates the suitable timing to enter a stock. Back-tested results show that stocks with Style Scores of 'A' or 'B,' when combined with a Zacks Rank #1 (Strong Buy) or #2 (Buy) handily outperform other stocks.
Moreover, it is advisable to go for high beta stocks given their greater sensitivity to market movements. This gives them higher chances of riding up on the bounce.
Keep Calm and Invest
To accomplish the task of picking the right stocks in a market gone haywire, we first looked at large-cap stocks with a market cap of more than $100 million. Then we observed stocks with a beta greater than 1.5 and flaunting a Momentum Style Score of 'A'. Finally, we added the most important ingredient - a Zacks Rank #1 (Strong Buy) or #2 (Buy) - to draw up our recipe for success.
With the help of the Zacks Stock Screener we zeroed in on these four Top Momentum stocks:
American Woodmark Corp.AMWD
Headquartered in Winchester, VA, American Woodmark manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets.
Sporting a Zacks Rank #1 (Strong Buy), the company has a market cap of $1059.6 million. It's a good opportunity to grab this stock with a beta of 1.94, as its current year estimates showed an upside of 14.4% to $2.78 per share in the past one-month period. The company also holds a nice streak of earnings beat with an average of 21.7% in the last four quarters.
Applied Optoelectronics, Inc.AAOI
This company with a top Zacks Rank of #1 designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. With a beta as high as 5.75 and a market cap of $297.9 million, the company has its headquarters in Sugar Land, TX.
Also, Applied Optoelectronics' current year earnings estimates have grown 15.1% over the past one month to $1.07 per share, positioning it for great earnings performances to watch out this year.
Monster Worldwide, Inc.MWW
Monster Worldwide is the online recruitment leader and the parent company of Monster, the leading global careers website.
This Weston, MA based company has market cap of $616.6 million. Also, this Zacks Rank #1 stock with a beta of 2.82 has seen estimates grow by 14.3% to 32 cents a share, over the last 30 days.
Trinseo SATSE
Headquartered in Berwyn, PA, Trinseo is a global materials' company and manufacturer of plastics, latex and rubber. Donning a Zacks Rank #1, the company has a market cap of $1383.8 million and beta of 3.41. For the current year, analysts have turned bullish on Trinseo in the last 30 days, increasing its estimates by about 15% to $4.74 per share.
Bottom Line
Don't let the shaking markets scare you anymore. Rather, strike the iron when it's hot and start investing before these stocks soar.
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MONSTER WWD INC (MWW): Free Stock Analysis Report
AMER WOODMARK (AMWD): Free Stock Analysis Report
TRINSEO SA (TSE): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, Inc.AAOI This company with a top Zacks Rank of #1 designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. Click to get this free report MONSTER WWD INC (MWW): Free Stock Analysis Report AMER WOODMARK (AMWD): Free Stock Analysis Report TRINSEO SA (TSE): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The furor over how China blew the global economy and financial markets pin point to the country's sudden devaluation of its tightly controlled currency yuan - a telltale that matters were worse than what met the eye.
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Click to get this free report MONSTER WWD INC (MWW): Free Stock Analysis Report AMER WOODMARK (AMWD): Free Stock Analysis Report TRINSEO SA (TSE): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc.AAOI This company with a top Zacks Rank of #1 designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. So the Chinese stock market showed a recovery by jumping 5.3% yesterday, after falling for five consecutive trading sessions (including Black Monday, which saw an 8.5% decline).
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Click to get this free report MONSTER WWD INC (MWW): Free Stock Analysis Report AMER WOODMARK (AMWD): Free Stock Analysis Report TRINSEO SA (TSE): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc.AAOI This company with a top Zacks Rank of #1 designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. Keep Calm and Invest To accomplish the task of picking the right stocks in a market gone haywire, we first looked at large-cap stocks with a market cap of more than $100 million.
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Applied Optoelectronics, Inc.AAOI This company with a top Zacks Rank of #1 designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. Click to get this free report MONSTER WWD INC (MWW): Free Stock Analysis Report AMER WOODMARK (AMWD): Free Stock Analysis Report TRINSEO SA (TSE): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. So the Chinese stock market showed a recovery by jumping 5.3% yesterday, after falling for five consecutive trading sessions (including Black Monday, which saw an 8.5% decline).
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10306.0
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2015-08-27 00:00:00 UTC
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Infineon Adds Logic Level StrongIRFET to MOSFET Portfolio
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AAOI
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https://www.nasdaq.com/articles/infineon-adds-logic-level-strongirfet-to-mosfet-portfolio-2015-08-27
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nan
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nan
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Germany-based semiconductor giant Infineon Technologies AGIFNNY recently expanded its StrongIRFET Power MOSFET product suite with the launch of Logic Level StrongIRFET to meet specific demands of electrical appliance makers. To make electronic tools like cordless drills and saws convenient, compact and durable electronic components are needed. Infineon's latest offering pledges to meet these requirements.
Logic Level StrongIRFETs are highly compact and can be directly operated through a microcontroller. These components are also tough, adding to the service life of the electronic devices. These features will collectively contribute to reduce the operating costs of electrical appliance manufacturers.
Meanwhile, there is pressing demand for MOFSET products that eliminate the need of a stand-alone driver and Infienon's Logic Level variant suffices this criterion. In order to enhance the commercial appeal of the product, Infineon's engineers have ingeniously reduced the necessary gate-source voltage of Logic Level StrongIRFET to 4.5 V. This low-energy requirement in turn makes it possible to connect the device directly to microcontrollers in electronic devices.
Additionally, the Logic Level StrongIRFET features "low on-state" resistance like Infineon's other StrongIRFET offerings. This allows devices to reduce losses during conduction and maximize current transmission capability to improve operational excellence. Meanwhile, management is optimistic about the latest launch and expects it to reduce design complexity and also enhance a system's reliability quotient.
Infineon has been enjoying the leading position in the power semiconductors segment with top-positions in both insulated-gate bipolar transistor (''IGBT'') and metal-oxide-semiconductor field-effect transistor (''MOSFET'') markets. Encouragingly, the company has garnered unmatched reputation through the StrongIRFET product platform.
We believe that the latest product will gain rapid popularity as demand for energy efficient products is on the rise. Infineon's strong commitment toward introducing innovative semiconductors that minimize power loss and maximize power savings lends a competitive advantage to the company over peers.
Infineon currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Applied Optoelectronics, Inc. AAOI , Mellanox Technologies, Ltd. MLNX and eMagin Corp. EMAN . While Applied Optoelectronics and Mellanox Technologies sport a Zacks Rank #1 (Strong Buy), eMagin carries a Zacks Rank #2 (Buy).
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INFINEON TECH (IFNNY): Free Stock Analysis Report
MELLANOX TECH (MLNX): Free Stock Analysis Report
EMAGIN CORP (EMAN): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the industry include Applied Optoelectronics, Inc. AAOI , Mellanox Technologies, Ltd. MLNX and eMagin Corp. EMAN . Click to get this free report INFINEON TECH (IFNNY): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, there is pressing demand for MOFSET products that eliminate the need of a stand-alone driver and Infienon's Logic Level variant suffices this criterion.
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Click to get this free report INFINEON TECH (IFNNY): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include Applied Optoelectronics, Inc. AAOI , Mellanox Technologies, Ltd. MLNX and eMagin Corp. EMAN . Germany-based semiconductor giant Infineon Technologies AGIFNNY recently expanded its StrongIRFET Power MOSFET product suite with the launch of Logic Level StrongIRFET to meet specific demands of electrical appliance makers.
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Click to get this free report INFINEON TECH (IFNNY): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include Applied Optoelectronics, Inc. AAOI , Mellanox Technologies, Ltd. MLNX and eMagin Corp. EMAN . Germany-based semiconductor giant Infineon Technologies AGIFNNY recently expanded its StrongIRFET Power MOSFET product suite with the launch of Logic Level StrongIRFET to meet specific demands of electrical appliance makers.
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Some better-ranked stocks in the industry include Applied Optoelectronics, Inc. AAOI , Mellanox Technologies, Ltd. MLNX and eMagin Corp. EMAN . Click to get this free report INFINEON TECH (IFNNY): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report EMAGIN CORP (EMAN): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Germany-based semiconductor giant Infineon Technologies AGIFNNY recently expanded its StrongIRFET Power MOSFET product suite with the launch of Logic Level StrongIRFET to meet specific demands of electrical appliance makers.
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10307.0
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2015-08-26 00:00:00 UTC
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Atmel (ATML) Surges: Stock Moves 12.4% Higher
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AAOI
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https://www.nasdaq.com/articles/atmel-atml-surges%3A-stock-moves-12.4-higher-2015-08-26
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nan
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nan
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Atmel Corporation(ATML) was a big mover last session, as the company saw its shares rise above 12% on the day. The upside came on the company's announcement that it is extending the date of retirement of its CEO Steve Laub. This reverses the recent downtrend for the company, down about 13% in the past one-month time frame.
In the last 30 days, the company has seen three downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Atmel carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked semiconductor stock is Applied Optoelectronics, Inc. (AAOI) , which sports a Zacks Rank #1 (Strong Buy).
Is ATML going up? Or down? Predict to see what others think: Up or Down
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ATMEL CORP (ATML): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked semiconductor stock is Applied Optoelectronics, Inc. (AAOI) , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report ATMEL CORP (ATML): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Atmel Corporation(ATML) was a big mover last session, as the company saw its shares rise above 12% on the day.
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Click to get this free report ATMEL CORP (ATML): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked semiconductor stock is Applied Optoelectronics, Inc. (AAOI) , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report ATMEL CORP (ATML): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked semiconductor stock is Applied Optoelectronics, Inc. (AAOI) , which sports a Zacks Rank #1 (Strong Buy). In the last 30 days, the company has seen three downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road.
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A better-ranked semiconductor stock is Applied Optoelectronics, Inc. (AAOI) , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report ATMEL CORP (ATML): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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10308.0
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2015-08-25 00:00:00 UTC
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Amkor Technology (AMKR) in Focus: Stock Gains 8.4%
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AAOI
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https://www.nasdaq.com/articles/amkor-technology-amkr-in-focus%3A-stock-gains-8.4-2015-08-25
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nan
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nan
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Amkor Technology, Inc. ( AMKR ) was a big mover last session, as the company saw its shares rise over 8% on the day. The upside came after Credit Suisse upgraded the company from Neutral to Outperform which led to more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.14 to $4.48 since Jul 28.
The company has seen 1 negative estimate revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher can last.
Amkor currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the same space is Applied Optoelectronics, Inc. ( AAOI ) sporting a Zacks Rank #1 (Strong Buy).
Is AMKR going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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AMKOR TECH INC (AMKR): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the same space is Applied Optoelectronics, Inc. ( AAOI ) sporting a Zacks Rank #1 (Strong Buy). Click to get this free report AMKOR TECH INC (AMKR): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Amkor Technology, Inc. ( AMKR ) was a big mover last session, as the company saw its shares rise over 8% on the day.
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Click to get this free report AMKOR TECH INC (AMKR): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same space is Applied Optoelectronics, Inc. ( AAOI ) sporting a Zacks Rank #1 (Strong Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report AMKOR TECH INC (AMKR): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same space is Applied Optoelectronics, Inc. ( AAOI ) sporting a Zacks Rank #1 (Strong Buy). The company has seen 1 negative estimate revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road.
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Click to get this free report AMKOR TECH INC (AMKR): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same space is Applied Optoelectronics, Inc. ( AAOI ) sporting a Zacks Rank #1 (Strong Buy). Amkor Technology, Inc. ( AMKR ) was a big mover last session, as the company saw its shares rise over 8% on the day.
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10309.0
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2015-08-21 00:00:00 UTC
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SanDisk (SNDK) in Focus: Stock Falls 6.8%
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AAOI
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https://www.nasdaq.com/articles/sandisk-sndk-in-focus%3A-stock-falls-6.8-2015-08-21
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nan
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nan
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SanDisk Corp. ( SNDK ) saw a big move last session, as the company's shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SNDK, as the stock is now down over 21% since Jul 23.
Although this slump was obviously disappointing, this designer, developer, manufacturer, and marketer of data storage solutions has seen 4 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for SNDK. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
SNDK currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same sector is Applied Optoelectronics, Inc. ( AAOI ), holding a Zacks Rank #1 (Strong Buy).
Is SNDK going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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SANDISK CORP (SNDK): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the same sector is Applied Optoelectronics, Inc. ( AAOI ), holding a Zacks Rank #1 (Strong Buy). Click to get this free report SANDISK CORP (SNDK): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Although this slump was obviously disappointing, this designer, developer, manufacturer, and marketer of data storage solutions has seen 4 positive revisions and its current year earnings consensus has moved higher over the past few weeks.
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Click to get this free report SANDISK CORP (SNDK): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same sector is Applied Optoelectronics, Inc. ( AAOI ), holding a Zacks Rank #1 (Strong Buy). Predict to see what others think: Up or Down Want the latest recommendations from Zacks Investment Research?
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Click to get this free report SANDISK CORP (SNDK): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the same sector is Applied Optoelectronics, Inc. ( AAOI ), holding a Zacks Rank #1 (Strong Buy). SanDisk Corp. ( SNDK ) saw a big move last session, as the company's shares fell by nearly 7% on the day.
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A better-ranked stock in the same sector is Applied Optoelectronics, Inc. ( AAOI ), holding a Zacks Rank #1 (Strong Buy). Click to get this free report SANDISK CORP (SNDK): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. SanDisk Corp. ( SNDK ) saw a big move last session, as the company's shares fell by nearly 7% on the day.
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10310.0
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2015-08-20 00:00:00 UTC
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Is Applied Optoelectronics (AAOI) a Great Growth Stock?
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AAOI
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https://www.nasdaq.com/articles/is-applied-optoelectronics-aaoi-a-great-growth-stock-2015-08-20
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nan
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nan
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Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Applied Optoelectronics, Inc. ( AAOI ). This firm, which is in the Semiconductor - Integrated Circuits space, saw EPS growth of over 100% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 97.2%. Furthermore, the long-term growth rate is currently an impressive 17.7%, suggesting pretty good prospects for the long haul.
And if this wasn't enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 14.1%. Thanks to this rise in earnings estimates, AAOI has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider AAOI. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AAOI as well.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Thanks to this rise in earnings estimates, AAOI has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AAOI as well. One such company that might be well-positioned for future earnings growth is Applied Optoelectronics, Inc. ( AAOI ).
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AAOI as well. Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that might be well-positioned for future earnings growth is Applied Optoelectronics, Inc. ( AAOI ).
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AAOI as well. Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that might be well-positioned for future earnings growth is Applied Optoelectronics, Inc. ( AAOI ).
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One such company that might be well-positioned for future earnings growth is Applied Optoelectronics, Inc. ( AAOI ). Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AAOI as well. Thanks to this rise in earnings estimates, AAOI has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company.
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10311.0
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2015-08-18 00:00:00 UTC
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MACOM Concludes Auto Business Sale, Issues Guidance
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AAOI
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https://www.nasdaq.com/articles/macom-concludes-auto-business-sale-issues-guidance-2015-08-18
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nan
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nan
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M/A-Com Technology Solutions Holdings, Inc. MTSI announced that it had concluded the previously announced sale of its automotive business to Autoliv ASP Inc., the U.S. subsidiary of automotive safety system giant Autoliv, Inc. ALV , for about $100 million in cash. Per the deal, MACOM may receive up to an additional $30 million in cash, conditional on reaching certain earn-out targets (based on revenues and customer orders) through 2019.
Announced last month, the divestiture will enhance MACOM's focus on its core business and enable it to become a pure-play high-performance analog semiconductor company.
The company also issued a fresh guidance for the upcoming quarter, incorporating the effect of the divestiture and classifying the automotive business as discontinued operations. MACOM expects revenues to lie in the range of $110 to $114 million, reflecting an increase of 1% to 4.5% sequentially. Non-GAAP gross margin is anticipated to be between 56% and 59%, while non-GAAP earnings are expected to come in between 32 cents and 34 cents per diluted share.
MACOM's management believes that sustained momentum in its optical and laser businesses will enable it to meet growth and profit targets, specifically its goals of achieving 60% non-GAAP gross margin and 30% non-GAAP operating margin exiting fiscal 2016. In fact, the company expects to replace the pre-divestiture earnings contribution from the divested business within a few quarters.
The automotive module unit makes driver-assistance and GPS modules. The automotive business was no longer fitting into its long-term strategic vision from the perspective of both growth as well as profitability, which is one of the reasons behind this strategic sale. The company's remaining businesses are compatible with its high-growth, high-margin operating model.
MACOM currently carries a Zacks Rank #3 (Hold). Better-ranked semiconductor stocks that are worth a look now include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both carrying a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MA-COM TECH SOL (MTSI): Free Stock Analysis Report
AUTOLIV INC (ALV): Free Stock Analysis Report
MELLANOX TECH (MLNX): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked semiconductor stocks that are worth a look now include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both carrying a Zacks Rank #1 (Strong Buy). Click to get this free report MA-COM TECH SOL (MTSI): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Announced last month, the divestiture will enhance MACOM's focus on its core business and enable it to become a pure-play high-performance analog semiconductor company.
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Better-ranked semiconductor stocks that are worth a look now include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both carrying a Zacks Rank #1 (Strong Buy). Click to get this free report MA-COM TECH SOL (MTSI): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report MA-COM TECH SOL (MTSI): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked semiconductor stocks that are worth a look now include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both carrying a Zacks Rank #1 (Strong Buy). M/A-Com Technology Solutions Holdings, Inc. MTSI announced that it had concluded the previously announced sale of its automotive business to Autoliv ASP Inc., the U.S. subsidiary of automotive safety system giant Autoliv, Inc. ALV , for about $100 million in cash.
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Click to get this free report MA-COM TECH SOL (MTSI): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked semiconductor stocks that are worth a look now include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both carrying a Zacks Rank #1 (Strong Buy). The company also issued a fresh guidance for the upcoming quarter, incorporating the effect of the divestiture and classifying the automotive business as discontinued operations.
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10312.0
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2015-08-17 00:00:00 UTC
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Broadcom Faces a Class Action Lawsuit for Avago Deal
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AAOI
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https://www.nasdaq.com/articles/broadcom-faces-a-class-action-lawsuit-for-avago-deal-2015-08-17
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nan
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nan
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WeissLaw LLP filed a class action lawsuit against semiconductor maker Broadcom Corp.BRCM and its board of directors, on behalf of the company's shareholders.
A number of law firms have been investigating potential claims on behalf of shareholders about the company's proposed acquisition by Avago Technologies Limited AVGO . These firms believe that the consideration to be received by Broadcom shareholders is inadequate, and they are getting less than their fair and proportionate share of the company's continued success and future growth prospects.
The law firms are also investigating whether the board of directors effectively pursued alternatives to the acquisition and whether they obtained the best price possible for the company's shares.
On May 28, Broadcom entered into a definitive merger agreement with Avago in a deal valued at $37 million. Per the agreement, Broadcom shareholders will be entitled to receive $54.50 in cash and 0.4378 of the combined company, or a combination thereof, in exchange for each share of Broadcom common stock they own.
Following the merger, the stake of Broadcom's shareholders is expected to be significantly diluted, as they will own a mere 32% of the newly formed company.
In early June, the firm had announced an investigation to attempt to determine if Broadcom's board of directors had committed a breach of their fiduciary duty in failing to maximize consideration to shareholders. Possible unfairness of the consideration to investors, the process by which the transaction was considered, and potential conflicts of interest among board members were also to be probed.
The class action lawsuit filed by the firm seeks injunctive relief for the concerned plaintiffs and all other Broadcom shareholders who are in a similar situation. The plaintiffs claim that the defendants violated their fiduciary duties of loyalty, due care and full disclosure that they owed to the Broadcom shareholders.
The breach specifically alludes to a materially false and misleading registration statement on Form S-4 that was filed with the U.S. Securities and Exchange Commission ("SEC"), in an attempt to gain approval from shareholders for the proposed merger. The plaintiffs assert that the omitted and/or misrepresented information is deemed to be material to the shareholders' ability to make an educated decision regarding the deal.
Broadcom currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the computer services space include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both carrying a Zacks Rank #1 (Strong Buy).
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BROADCOM CORP-A (BRCM): Free Stock Analysis Report
AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report
MELLANOX TECH (MLNX): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the computer services space include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both carrying a Zacks Rank #1 (Strong Buy). Click to get this free report BROADCOM CORP-A (BRCM): Free Stock Analysis Report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. In early June, the firm had announced an investigation to attempt to determine if Broadcom's board of directors had committed a breach of their fiduciary duty in failing to maximize consideration to shareholders.
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Click to get this free report BROADCOM CORP-A (BRCM): Free Stock Analysis Report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the computer services space include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both carrying a Zacks Rank #1 (Strong Buy). A number of law firms have been investigating potential claims on behalf of shareholders about the company's proposed acquisition by Avago Technologies Limited AVGO .
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Click to get this free report BROADCOM CORP-A (BRCM): Free Stock Analysis Report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the computer services space include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both carrying a Zacks Rank #1 (Strong Buy). Per the agreement, Broadcom shareholders will be entitled to receive $54.50 in cash and 0.4378 of the combined company, or a combination thereof, in exchange for each share of Broadcom common stock they own.
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Better-ranked stocks in the computer services space include Mellanox Technologies, Ltd. MLNX and Applied Optoelectronics, Inc. AAOI , both carrying a Zacks Rank #1 (Strong Buy). Click to get this free report BROADCOM CORP-A (BRCM): Free Stock Analysis Report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. WeissLaw LLP filed a class action lawsuit against semiconductor maker Broadcom Corp.BRCM and its board of directors, on behalf of the company's shareholders.
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10313.0
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2015-08-17 00:00:00 UTC
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Applied Micro CFO Resigns, Karen M. Rogge to be Interim CFO
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AAOI
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https://www.nasdaq.com/articles/applied-micro-cfo-resigns-karen-m.-rogge-to-be-interim-cfo-2015-08-17
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nan
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nan
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Semiconductor manufacturer, Applied Micro Circuits CorporationAMCC recently announced that Douglas Ahrens, Vice President and Chief Financial Officer, will resign from Applied Micro effective Aug 21, 2015. Karen M. Rogge will serve as interim CFO commencing Aug 24, 2015 until the company selects a permanent successor.
Douglas Ahrens has been associated with Applied Micro since Oct 2013 and proved to be an able leader and will now serve as a CFO with a privately-held company in the software industry. On the other hand, Karen M. Rogge joined the company with four decades of experience in senior finance and operations at leading technology companies. With her experience, she is likely to take the company forward.
In first-quarter fiscal 2016 (ended Jun 2015), Applied Micro reported disappointing results as adjusted loss of 11 cents per share was wider than the Zacks Consensus Estimate by a penny. Also, revenues decreased significantly due to softness in demand. However, the company is expected to rebound with its diverse product offerings and top management restructuring in the long term.
Headquartered in Sunnyvale, CA., Applied Micro is a leading provider of high-bandwidth low power integrated circuits (ICs), which are essential for the processing, transporting and storing of information. The company provides semiconductor solutions for the enterprise, telecom and consumer/small medium business.
Applied Micro currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Applied Optoelectronics, Inc AAOI and Mellanox Technologies, Ltd. MLNX , sporting a Zacks Rank #1 (Strong Buy) and On Track Innovations Ltd OTIV carrying a Zacks Rank #2 (Buy).
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APPLD MICRO CIR (AMCC): Free Stock Analysis Report
MELLANOX TECH (MLNX): Free Stock Analysis Report
ON TRACK INNOV (OTIV): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the industry include Applied Optoelectronics, Inc AAOI and Mellanox Technologies, Ltd. MLNX , sporting a Zacks Rank #1 (Strong Buy) and On Track Innovations Ltd OTIV carrying a Zacks Rank #2 (Buy). Click to get this free report APPLD MICRO CIR (AMCC): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report ON TRACK INNOV (OTIV): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Douglas Ahrens has been associated with Applied Micro since Oct 2013 and proved to be an able leader and will now serve as a CFO with a privately-held company in the software industry.
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Better-ranked stocks in the industry include Applied Optoelectronics, Inc AAOI and Mellanox Technologies, Ltd. MLNX , sporting a Zacks Rank #1 (Strong Buy) and On Track Innovations Ltd OTIV carrying a Zacks Rank #2 (Buy). Click to get this free report APPLD MICRO CIR (AMCC): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report ON TRACK INNOV (OTIV): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the industry include Applied Optoelectronics, Inc AAOI and Mellanox Technologies, Ltd. MLNX , sporting a Zacks Rank #1 (Strong Buy) and On Track Innovations Ltd OTIV carrying a Zacks Rank #2 (Buy). Click to get this free report APPLD MICRO CIR (AMCC): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report ON TRACK INNOV (OTIV): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Semiconductor manufacturer, Applied Micro Circuits CorporationAMCC recently announced that Douglas Ahrens, Vice President and Chief Financial Officer, will resign from Applied Micro effective Aug 21, 2015.
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Click to get this free report APPLD MICRO CIR (AMCC): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report ON TRACK INNOV (OTIV): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the industry include Applied Optoelectronics, Inc AAOI and Mellanox Technologies, Ltd. MLNX , sporting a Zacks Rank #1 (Strong Buy) and On Track Innovations Ltd OTIV carrying a Zacks Rank #2 (Buy). On the other hand, Karen M. Rogge joined the company with four decades of experience in senior finance and operations at leading technology companies.
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10314.0
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2015-08-14 00:00:00 UTC
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SunEdison (SUNE) in Focus: Stock Moves 5.2% Higher
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AAOI
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https://www.nasdaq.com/articles/sunedison-sune-in-focus%3A-stock-moves-5.2-higher-2015-08-14
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nan
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nan
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SunEdison, Inc.(SUNE) was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the downtrend for the company as the stock is now down almost 53% in the past one-month time frame.
In the last 30 days, the company has seen three downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
SunEdison (SUNE) carries a Zacks Rank #4 (Sell).
A better-ranked stock from the semiconductor industry is Applied Optoelectronics, Inc. (AAOI) , which sports a Zacks Rank #1 (Strong Buy).
Is SUNE going up? Or down? Predict to see what others think: Up or Down
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SUNEDISON INC (SUNE): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock from the semiconductor industry is Applied Optoelectronics, Inc. (AAOI) , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report SUNEDISON INC (SUNE): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. SunEdison, Inc.(SUNE) was a big mover last session, as the company saw its shares rise above 5% on the day.
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Click to get this free report SUNEDISON INC (SUNE): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock from the semiconductor industry is Applied Optoelectronics, Inc. (AAOI) , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report SUNEDISON INC (SUNE): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock from the semiconductor industry is Applied Optoelectronics, Inc. (AAOI) , which sports a Zacks Rank #1 (Strong Buy). In the last 30 days, the company has seen three downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road.
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A better-ranked stock from the semiconductor industry is Applied Optoelectronics, Inc. (AAOI) , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report SUNEDISON INC (SUNE): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. SunEdison, Inc.(SUNE) was a big mover last session, as the company saw its shares rise above 5% on the day.
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10315.0
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2015-08-14 00:00:00 UTC
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Skyworks (SWKS) to Expand Production Capacity in Japan
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AAOI
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https://www.nasdaq.com/articles/skyworks-swks-to-expand-production-capacity-in-japan-2015-08-14
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nan
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nan
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Skyworks Solutions, Inc. SWKS recently announced that it is setting up a design, development and manufacturing facility for filter devices in Japan to augment its production capacity in order to meet the growing demand.
The new facility, spanning 405,000 square foot over two-stories in Osaka, uniquely positions Skyworks to deliver customized front-end architectures to its customers. This is likely to enhance operational efficiencies and margins. Skyworks aims to develop customized solutions for all band configurations with filter technology applicability across high, mid and low band frequencies. Skyworks also aims to invest in diversified analog markets, while capturing more value through custom system solutions, which will enable it to drive above-market top line growth.
Given the increasing importance of filters in target markets and customers, the strategic move will expand its internal capability to meet future demand. The company is building continuous strength in the filter market as the products continue to gain momentum. Going forward, Skyworks expects to enhance business with sustained investments in research and development for highly integrated solutions.
Skyworks designs, manufactures, and markets a broad range of high performance analog and mixed signal semiconductors that enable wireless connectivity. The company has its engineering, marketing, operations, sales and service facilities located throughout Asia, Europe and North America. Perfect quality, environmentally friendly products and sustainable business practices are key differentiators for the company in this competitive environment.
Skyworks currently has a Zacks Rank #1 (Strong Buy). Other stocks that look promising and are worth a look include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd MLNX , carrying a Zacks Rank #1 (Strong Buy), and Himax Technologies, Inc HIMX , carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
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SKYWORKS SOLUTN (SWKS): Free Stock Analysis Report
MELLANOX TECH (MLNX): Free Stock Analysis Report
HIMAX TECH-ADR (HIMX): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks that look promising and are worth a look include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd MLNX , carrying a Zacks Rank #1 (Strong Buy), and Himax Technologies, Inc HIMX , carrying a Zacks Rank #2 (Buy). Click to get this free report SKYWORKS SOLUTN (SWKS): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report HIMAX TECH-ADR (HIMX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Skyworks Solutions, Inc. SWKS recently announced that it is setting up a design, development and manufacturing facility for filter devices in Japan to augment its production capacity in order to meet the growing demand.
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Other stocks that look promising and are worth a look include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd MLNX , carrying a Zacks Rank #1 (Strong Buy), and Himax Technologies, Inc HIMX , carrying a Zacks Rank #2 (Buy). Click to get this free report SKYWORKS SOLUTN (SWKS): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report HIMAX TECH-ADR (HIMX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other stocks that look promising and are worth a look include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd MLNX , carrying a Zacks Rank #1 (Strong Buy), and Himax Technologies, Inc HIMX , carrying a Zacks Rank #2 (Buy). Click to get this free report SKYWORKS SOLUTN (SWKS): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report HIMAX TECH-ADR (HIMX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report SKYWORKS SOLUTN (SWKS): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report HIMAX TECH-ADR (HIMX): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks that look promising and are worth a look include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd MLNX , carrying a Zacks Rank #1 (Strong Buy), and Himax Technologies, Inc HIMX , carrying a Zacks Rank #2 (Buy). Skyworks Solutions, Inc. SWKS recently announced that it is setting up a design, development and manufacturing facility for filter devices in Japan to augment its production capacity in order to meet the growing demand.
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10316.0
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2015-08-13 00:00:00 UTC
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Why FormFactor (FORM) Could Be Positioned for a Slump
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AAOI
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https://www.nasdaq.com/articles/why-formfactor-form-could-be-positioned-for-a-slump-2015-08-13
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nan
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nan
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is FormFactor Inc. ( FORM ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in FORM.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from 26 cents a share a month ago to its current level of 6 cents.
Also, for the current quarter, FormFactor has seen 1 downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to a loss of 2 cents a share from earnings estimate of 11 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 11.5% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the semiconductor industry, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. ( AAOI ). The stock currently holds a Zacks Rank #1 (Strong Buy) and may be better selection at this time.
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FORMFACTOR INC (FORM): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you are still interested in the semiconductor industry, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. ( AAOI ). Click to get this free report FORMFACTOR INC (FORM): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns.
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Click to get this free report FORMFACTOR INC (FORM): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the semiconductor industry, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. ( AAOI ). One such stock that you may want to consider dropping is FormFactor Inc. ( FORM ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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Click to get this free report FORMFACTOR INC (FORM): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the semiconductor industry, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. ( AAOI ). One such stock that you may want to consider dropping is FormFactor Inc. ( FORM ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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If you are still interested in the semiconductor industry, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. ( AAOI ). Click to get this free report FORMFACTOR INC (FORM): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. For the full year, we have seen 1 estimate moving down in the past 30 days, compared with no upward revisions.
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10317.0
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2015-08-12 00:00:00 UTC
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Qorvo Approves New Share Repurchase Program on Completion
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AAOI
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https://www.nasdaq.com/articles/qorvo-approves-new-share-repurchase-program-on-completion-2015-08-12
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nan
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nan
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In a concerted effort to return cash to shareholders, leading semiconductor manufacturer Qorvo, Inc.QRVO authorized a new $400 million share repurchase program to purchase common stock over a period of time through the open market or through negotiated transactions. The current share repurchase program replaced the company's erstwhile $200 million share repurchase authorization that expired recently.
Qorvo had repurchased approximately 3.1 million shares at an average price of $63.80 per share under its earlier share repurchase program initiated in February this year. The current share buyback program is an extension of the strategic objective of the company to reward its shareholders with risk-adjusted returns. Qorvo expects to fund the current share repurchases through available cash. Net cash provided by operating activities in first-quarter fiscal 2016 (results declared on Jul 29, 2015) stood at $141.4 million, resulting in free cash flow of $52.0 million.
Headquartered in Greensboro, NC, Qorvo offers core technologies and radio frequency (RF) solutions for mobile, infrastructure and aerospace/defense applications. The company was formed with the merger of premier semiconductor manufacturing firms RF Micro Devices, Inc. and TriQuint Semiconductor, Inc. in an all-stock transaction that was billed as 'a merger of equals'.
Qorvo has brought all the critical RF components that are essential for fabricating mobile devices under a common platform, thereby creating an undisputed market leader with a diversified product portfolio. These include power amplifiers (PAs), power management integrated circuits (PMICs), antenna control solutions, switch-based products and premium filters.
The company also serves the infrastructure and defense/aerospace industries with advanced gallium nitride (GaN) solutions for additional applications, and foundry services to support radar, next generation base stations, optical communications and the Internet of Things. With a broad product portfolio and an improved operating model, Qorvo has created new revenue-generating opportunities in three large global markets, namely, mobile devices, network infrastructure and aerospace/defense.
However, Qorvo miserably missed the earnings estimate in first-quarter fiscal 2016, with adjusted earnings of 78 cents per share - well short of the Zacks Consensus Estimate of 98 cents. Consequently, the short-term outlook of the company is bearish with a Zacks Rank #5 (Strong Sell).
Better-ranked stocks in the semiconductor industry that are worth a look include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX , both carrying a Zacks Rank #1 (Strong Buy), and Pixelworks, Inc. PXLW that holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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MELLANOX TECH (MLNX): Free Stock Analysis Report
QORVO INC (QRVO): Free Stock Analysis Report
PIXELWORKS INC (PXLW): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the semiconductor industry that are worth a look include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX , both carrying a Zacks Rank #1 (Strong Buy), and Pixelworks, Inc. PXLW that holds a Zacks Rank #2 (Buy). Click to get this free report MELLANOX TECH (MLNX): Free Stock Analysis Report QORVO INC (QRVO): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. In a concerted effort to return cash to shareholders, leading semiconductor manufacturer Qorvo, Inc.QRVO authorized a new $400 million share repurchase program to purchase common stock over a period of time through the open market or through negotiated transactions.
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Better-ranked stocks in the semiconductor industry that are worth a look include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX , both carrying a Zacks Rank #1 (Strong Buy), and Pixelworks, Inc. PXLW that holds a Zacks Rank #2 (Buy). Click to get this free report MELLANOX TECH (MLNX): Free Stock Analysis Report QORVO INC (QRVO): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. In a concerted effort to return cash to shareholders, leading semiconductor manufacturer Qorvo, Inc.QRVO authorized a new $400 million share repurchase program to purchase common stock over a period of time through the open market or through negotiated transactions.
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Click to get this free report MELLANOX TECH (MLNX): Free Stock Analysis Report QORVO INC (QRVO): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the semiconductor industry that are worth a look include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX , both carrying a Zacks Rank #1 (Strong Buy), and Pixelworks, Inc. PXLW that holds a Zacks Rank #2 (Buy). In a concerted effort to return cash to shareholders, leading semiconductor manufacturer Qorvo, Inc.QRVO authorized a new $400 million share repurchase program to purchase common stock over a period of time through the open market or through negotiated transactions.
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Better-ranked stocks in the semiconductor industry that are worth a look include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX , both carrying a Zacks Rank #1 (Strong Buy), and Pixelworks, Inc. PXLW that holds a Zacks Rank #2 (Buy). Click to get this free report MELLANOX TECH (MLNX): Free Stock Analysis Report QORVO INC (QRVO): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. In a concerted effort to return cash to shareholders, leading semiconductor manufacturer Qorvo, Inc.QRVO authorized a new $400 million share repurchase program to purchase common stock over a period of time through the open market or through negotiated transactions.
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10318.0
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2015-08-10 00:00:00 UTC
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Anadigics' Restructuring Efforts to Improve Profitability - Analyst Blog
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AAOI
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https://www.nasdaq.com/articles/anadigics-restructuring-efforts-to-improve-profitability-analyst-blog-2015-08-10
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nan
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nan
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On Aug 10, Zacks Investment Research updated the research report on semiconductor manufacturer Anadigics, Inc.ANAD .
Anadigics reported yet another lacklustre quarter and continued to be in the red as it recorded a loss in the second quarter of 2015. The company recorded second-quarter 2015 non-GAAP net loss of $4.5 million or loss of 5 cents per share, narrower than the loss of $7.8 million or loss of 9 cents per share in the year-ago quarter.
Total revenue for the reported quarter was $15.8 million, down 32.2% year over year from $23.3 million in the prior-year period. The sharp year-over-year fall in revenues was largely attributable to a decline in demand for its legacy mobile business, partly offset by a stronger-than-expected progress in infrastructure-targeted activities.
In order to improve its profitability, Anadigics had initiated corporate restructuring activities to reduce operating costs and better align its resources in accordance with the evolving demand for infrastructure-based products. In addition, the infrastructure-targeted products have a higher revenue and profit margin than mobile-targeted products. As such, Anadigics has continually reduced its fixed costs by unwinding production of RF (radio frequency) power amplifier and front-end products for a variety of mobile applications including handsets, tablets and data cards in the cellular 3G/4G and WiFi markets. The company expects revenue from the Infrastructure segment to be 75% of the aggregate revenue by 2015.
As global demand for high-data-rate connectivity to the Internet increases exponentially, demand for high-performance infrastructure-based products is set to rise as well. In order to capitalize on this revenue potential, Anadigics is aligning its R&D investment focus and in-house manufacturing capacity toward a higher mix of infrastructure products.
The restructuring activities reduced operating expenses by 4.6% sequentially in the reported quarter to $7.7 million. This was achieved through workforce reduction to eliminate redundant manufacturing operations and diligent execution of infrastructure-based business model. Moving forward, all these measures are expected to strengthen its presence in key infrastructure markets and continue reducing fixed costs over a period of time.
Anadigics presently has a Zacks Rank #3 (Hold). Better-ranked players in the industry include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX , both carrying a Zacks Rank #1 (Strong Buy), along with Pixelworks, Inc. PXLW , carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ANADIGICS CORP (ANAD): Free Stock Analysis Report
MELLANOX TECH (MLNX): Free Stock Analysis Report
PIXELWORKS INC (PXLW): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked players in the industry include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX , both carrying a Zacks Rank #1 (Strong Buy), along with Pixelworks, Inc. PXLW , carrying a Zacks Rank #2 (Buy). Click to get this free report ANADIGICS CORP (ANAD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The sharp year-over-year fall in revenues was largely attributable to a decline in demand for its legacy mobile business, partly offset by a stronger-than-expected progress in infrastructure-targeted activities.
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Better-ranked players in the industry include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX , both carrying a Zacks Rank #1 (Strong Buy), along with Pixelworks, Inc. PXLW , carrying a Zacks Rank #2 (Buy). Click to get this free report ANADIGICS CORP (ANAD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report ANADIGICS CORP (ANAD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked players in the industry include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX , both carrying a Zacks Rank #1 (Strong Buy), along with Pixelworks, Inc. PXLW , carrying a Zacks Rank #2 (Buy). On Aug 10, Zacks Investment Research updated the research report on semiconductor manufacturer Anadigics, Inc.ANAD .
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Click to get this free report ANADIGICS CORP (ANAD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked players in the industry include Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX , both carrying a Zacks Rank #1 (Strong Buy), along with Pixelworks, Inc. PXLW , carrying a Zacks Rank #2 (Buy). In order to improve its profitability, Anadigics had initiated corporate restructuring activities to reduce operating costs and better align its resources in accordance with the evolving demand for infrastructure-based products.
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10319.0
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2015-08-07 00:00:00 UTC
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Anadigics Continues to be in the Red, Q2 Loss in Sync - Analyst Blog
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AAOI
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https://www.nasdaq.com/articles/anadigics-continues-to-be-in-the-red-q2-loss-in-sync-analyst-blog-2015-08-07
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nan
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nan
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Semiconductor manufacturer Anadigics, Inc.ANAD continued to be in the red and reported a loss yet again in the second quarter of 2015. The company recorded second-quarter 2015 non-GAAP net loss of $4.5 million or loss of 5 cents per share, narrower than the loss of $7.8 million or loss of 9 cents per share in the year-ago quarter. The adjusted loss (with employee stock option adjustments) of 6 cents per share matched exactly with the Zacks Consensus Estimate.
Anadigics Inc. - Earnings Surprise | FindTheBest
GAAP net loss for the reported quarter came in at 7 cents per share versus a loss of 18 cents a share in the year-earlier quarter. Despite lower revenues year over year, the improved performance was primarily due to significantly lesser operating expenses.
Revenues
Total revenue for the reported quarter was $15.8 million, down 32.2% year over year from $23.3 million in the prior-year period. Revenues missed the Zacks Consensus Estimate of $16.0 million by a whisker. The sharp year-over-year fall in revenues was largely attributable to a decline in demand for its legacy mobile business, partly offset by a stronger-than-expected progress in infrastructure-targeted activities.
For the infrastructure market, Anadigics manufactures RF and optical products for cable television, cellular wireless small cell, WiFi and machine-to-machine (M2M). The Infrastructure segment contributed $11.4 million and accounted for 72.1% of the total revenue. The Mobile segment, comprising WiFi and Cellular products that primarily address the smartphone, handset and tablet markets, generated $4.4 million or 27.8% of the total revenue.
Corporate Restructuring Initiatives
Anadigics initiated corporate restructuring activities to reduce operating costs and better align its resources in accordance with the evolving demand for infrastructure-based products. In addition, the infrastructure-targeted products have a higher revenue and profit margin than mobile-targeted products. As such, Anadigics has continually reduced its fixed costs by unwinding production of RF (radio frequency) power amplifier and front-end products for a variety of mobile applications including handsets, tablets and data cards in the cellular 3G/4G and WiFi markets. The company expects revenue from the Infrastructure segment to be 75% of the aggregate revenue by 2015.
As global demand for high-data-rate connectivity to the Internet increases exponentially, demand for high-performance infrastructure-based products is set to rise as well. In order to capitalize on this revenue potential, Anadigics is aligning its R&D investment focus and in-house manufacturing capacity toward a higher mix of infrastructure products.
The restructuring activities reduced operating expenses by 4.6% in the reported quarter to $7.7 million. This was achieved through workforce reduction to eliminate redundant manufacturing operations and diligent execution of infrastructure-based business model. Moving forward, all these measures are expected to strengthen its presence in key infrastructure markets and continue reducing fixed costs over a period of time.
Margins
During the reported quarter, Anadigics continued to improve its cost structure through stringent cost-cutting initiatives, while maintaining a sharp focus on new product developments. However, gross profit margin for the quarter decreased 270 basis points on a sequential basis to 20.5% due to lower sequential revenues.
Anadigics has expanded its product pipeline by launching differentiated solutions while strengthening its relationship with major OEM (Original Equipment Manufacturers) and chipset partners. The company looks set to exploit the widening range of applications in the WiFi market. Its front-end Integrated Circuits (ICs) enable producers to save board space, extend battery life and expand high throughput connectivity, earning design wins and driving revenue growth for the company.
Financial Position
Anadigics ended the quarter with cash and cash equivalents of $15.2 million. Inventories stood at $9.7 million or approximately 77 days of sale. During the quarter, capacity utilization was 25%. Anadigics has a $6 million borrowing capacity available under its $10 million credit facility with Silicon Valley Bank. The improved cash efficiency of the new operating model combined with existing net cash and an improved credit facility are likely to provide the company with the resources required to realize positive cash flow in the coming quarters.
Outlook
For the third quarter of 2015, Anadigics expects total revenue to decline by 20% to 24% sequentially to $12.0 million to $12.6 million, driven by a decrease in the mobile business and sequential decline in infrastructure revenues. In addition, non-GAAP gross margin is expected to contract 500-800 basis points sequentially due to lower top-line growth. Operating expenses are expected to be down marginally on a sequential basis with capacity utilization of 25-30%.
Anadigics presently has a Zacks Rank #3 (Hold). Better-ranked players in the industry that are worth mentioning include Applied Optoelectronics, Inc. AAOI , Mellanox Technologies, Ltd. MLNX and Pixelworks, Inc. PXLW , each carrying a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ANADIGICS CORP (ANAD): Free Stock Analysis Report
MELLANOX TECH (MLNX): Free Stock Analysis Report
PIXELWORKS INC (PXLW): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked players in the industry that are worth mentioning include Applied Optoelectronics, Inc. AAOI , Mellanox Technologies, Ltd. MLNX and Pixelworks, Inc. PXLW , each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report ANADIGICS CORP (ANAD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The sharp year-over-year fall in revenues was largely attributable to a decline in demand for its legacy mobile business, partly offset by a stronger-than-expected progress in infrastructure-targeted activities.
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Click to get this free report ANADIGICS CORP (ANAD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked players in the industry that are worth mentioning include Applied Optoelectronics, Inc. AAOI , Mellanox Technologies, Ltd. MLNX and Pixelworks, Inc. PXLW , each carrying a Zacks Rank #1 (Strong Buy). Corporate Restructuring Initiatives Anadigics initiated corporate restructuring activities to reduce operating costs and better align its resources in accordance with the evolving demand for infrastructure-based products.
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Click to get this free report ANADIGICS CORP (ANAD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked players in the industry that are worth mentioning include Applied Optoelectronics, Inc. AAOI , Mellanox Technologies, Ltd. MLNX and Pixelworks, Inc. PXLW , each carrying a Zacks Rank #1 (Strong Buy). Revenues Total revenue for the reported quarter was $15.8 million, down 32.2% year over year from $23.3 million in the prior-year period.
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Better-ranked players in the industry that are worth mentioning include Applied Optoelectronics, Inc. AAOI , Mellanox Technologies, Ltd. MLNX and Pixelworks, Inc. PXLW , each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report ANADIGICS CORP (ANAD): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report PIXELWORKS INC (PXLW): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues Total revenue for the reported quarter was $15.8 million, down 32.2% year over year from $23.3 million in the prior-year period.
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10320.0
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2015-08-07 00:00:00 UTC
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Can the Uptrend Continue for Applied Optoelectronics (AAOI)? - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/can-the-uptrend-continue-for-applied-optoelectronics-aaoi-tale-of-the-tape-2015-08-07
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nan
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nan
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Investors certainly have to be happy with Applied Optoelectronics Inc ( AAOI ) and its short term performance. After all, the stock has jumped by 18.4% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for AAOI?
While we can never know for sure, it is pretty encouraging that estimates for AAOI have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #1 (Strong Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors certainly have to be happy with Applied Optoelectronics Inc ( AAOI ) and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for AAOI? While we can never know for sure, it is pretty encouraging that estimates for AAOI have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way.
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Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Investors certainly have to be happy with Applied Optoelectronics Inc ( AAOI ) and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for AAOI?
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While we can never know for sure, it is pretty encouraging that estimates for AAOI have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Investors certainly have to be happy with Applied Optoelectronics Inc ( AAOI ) and its short term performance.
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Investors certainly have to be happy with Applied Optoelectronics Inc ( AAOI ) and its short term performance. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for AAOI? While we can never know for sure, it is pretty encouraging that estimates for AAOI have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way.
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10321.0
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2015-08-05 00:00:00 UTC
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Exar (EXAR) Catches Eye: Stock Up 5.2% - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/exar-exar-catches-eye%3A-stock-up-5.2-tale-of-the-tape-2015-08-05
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nan
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nan
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Exar Corp. ( EXAR ) was a big mover last session, as the company saw its shares rise over 5% on the day. This jump can be attributable to solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock is down about 12.8% in the past one-month time frame.
In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged over the same period. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.
Exar currently has a Zacks Rank #2 (Buy).
Another attractive stock in the same industry worth considering includes Applied Optoelectronics, Inc. ( AAOI ) carrying a Zacks Rank #2 as well.
Is EXAR going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
EXAR CORP (EXAR): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another attractive stock in the same industry worth considering includes Applied Optoelectronics, Inc. ( AAOI ) carrying a Zacks Rank #2 as well. Click to get this free report EXAR CORP (EXAR): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. This reverses the recent downtrend for the company as the stock is down about 12.8% in the past one-month time frame.
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Click to get this free report EXAR CORP (EXAR): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Another attractive stock in the same industry worth considering includes Applied Optoelectronics, Inc. ( AAOI ) carrying a Zacks Rank #2 as well. Predict to see what others think: Up or Down Want the latest recommendations from Zacks Investment Research?
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Click to get this free report EXAR CORP (EXAR): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Another attractive stock in the same industry worth considering includes Applied Optoelectronics, Inc. ( AAOI ) carrying a Zacks Rank #2 as well. Exar Corp. ( EXAR ) was a big mover last session, as the company saw its shares rise over 5% on the day.
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Click to get this free report EXAR CORP (EXAR): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Another attractive stock in the same industry worth considering includes Applied Optoelectronics, Inc. ( AAOI ) carrying a Zacks Rank #2 as well. Exar Corp. ( EXAR ) was a big mover last session, as the company saw its shares rise over 5% on the day.
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10322.0
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2015-08-05 00:00:00 UTC
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Why Atmel Corporation (ATML) Could Be Positioned for a Slump - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/why-atmel-corporation-atml-could-be-positioned-for-a-slump-tale-of-the-tape-2015-08-05
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nan
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nan
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Atmel Corporation ( ATML ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in ATML.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 3 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from 34 cents a share a month ago to its current level of 23 cents.
Also, for the current quarter, Atmel Corporation has seen 3 downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 5 cents a share from 10 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 15.2% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the semiconductor industry, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. ( AAOI ). The stock currently holds a Zacks Rank #1 (Strong Buy) and may be better selection at this time.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ATMEL CORP (ATML): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you are still interested in the semiconductor industry, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. ( AAOI ). Click to get this free report ATMEL CORP (ATML): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns.
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Click to get this free report ATMEL CORP (ATML): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the semiconductor industry, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. ( AAOI ). One such stock that you may want to consider dropping is Atmel Corporation ( ATML ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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Click to get this free report ATMEL CORP (ATML): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the semiconductor industry, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. ( AAOI ). One such stock that you may want to consider dropping is Atmel Corporation ( ATML ), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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If you are still interested in the semiconductor industry, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. ( AAOI ). Click to get this free report ATMEL CORP (ATML): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns.
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10323.0
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2015-08-05 00:00:00 UTC
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New Strong Buy Stocks for August 5th - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-august-5th-tale-of-the-tape-2015-08-05
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
A10 Networks Inc ( ATEN )
ACCO Brands Corporation ( ACCO )
The Advisory Board Company ( ABCO )
American River Bankshares ( AMRB )
Applied Optoelectronics Inc ( AAOI )
View the entire Zacks Rank #1 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
A10 NETWORKS (ATEN): Free Stock Analysis Report
ACCO BRANDS CP (ACCO): Free Stock Analysis Report
ADVISORY BOARD (ABCO): Free Stock Analysis Report
AMER RIVER BSH (AMRB): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: A10 Networks Inc ( ATEN ) ACCO Brands Corporation ( ACCO ) The Advisory Board Company ( ABCO ) American River Bankshares ( AMRB ) Applied Optoelectronics Inc ( AAOI ) View the entire Zacks Rank #1 List . Click to get this free report A10 NETWORKS (ATEN): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ADVISORY BOARD (ABCO): Free Stock Analysis Report AMER RIVER BSH (AMRB): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: A10 Networks Inc ( ATEN ) ACCO Brands Corporation ( ACCO ) The Advisory Board Company ( ABCO ) American River Bankshares ( AMRB ) Applied Optoelectronics Inc ( AAOI ) View the entire Zacks Rank #1 List . Click to get this free report A10 NETWORKS (ATEN): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ADVISORY BOARD (ABCO): Free Stock Analysis Report AMER RIVER BSH (AMRB): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: A10 Networks Inc ( ATEN ) ACCO Brands Corporation ( ACCO ) The Advisory Board Company ( ABCO ) American River Bankshares ( AMRB ) Applied Optoelectronics Inc ( AAOI ) View the entire Zacks Rank #1 List . Click to get this free report A10 NETWORKS (ATEN): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ADVISORY BOARD (ABCO): Free Stock Analysis Report AMER RIVER BSH (AMRB): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: A10 Networks Inc ( ATEN ) ACCO Brands Corporation ( ACCO ) The Advisory Board Company ( ABCO ) American River Bankshares ( AMRB ) Applied Optoelectronics Inc ( AAOI ) View the entire Zacks Rank #1 List . Click to get this free report A10 NETWORKS (ATEN): Free Stock Analysis Report ACCO BRANDS CP (ACCO): Free Stock Analysis Report ADVISORY BOARD (ABCO): Free Stock Analysis Report AMER RIVER BSH (AMRB): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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10324.0
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2015-08-03 00:00:00 UTC
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Infineon Posts Strong Q3 Results on Seasonal Sales Drive - Analyst Blog
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AAOI
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https://www.nasdaq.com/articles/infineon-posts-strong-q3-results-on-seasonal-sales-drive-analyst-blog-2015-08-03
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nan
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nan
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Germany-based semiconductor giant Infineon Technologies AG'sIFNNY shares cumulatively declined by about 1%, since its earnings release, to close at $11.30 on Jul 31. However, the company's adjusted earnings for third-quarter fiscal 2015 rose 38% year over year to €0.18 (20 cents).
Excellent growth in sales, driven by major gains associated with International Rectifier acquisition, aided the year-over-year improvement in bottom line. Strong seasonality in demand pattern of Infenion's offerings supported its revenue growth which, in turn, drove earnings.
Inside the Headlines
In the quarter, revenues jumped 43% year over year to €1,586 million ($1,754 million). Moreover, growing demand for semiconductors in automotive and industrial markets acted as catalyst for top-line growth. Strong sales growth in the Power Management and Multimarket segment also supported improvement in top line during third-quarter fiscal 2015.
Automotive ("ATV") revenues increased 22% year over year to €621 million ($687 million). Stringent environmental standards are triggering demand for electric and hybrid vehicles worldwide. Infineon, being a major supplier of various components used in these vehicles, benefitted from this rising demand. Also, seasonal demand pattern contributed positively to the segmental growth.
Industrial Power Control ("IPC") revenues increased 35% year over year to €269 million ($297 million). Higher demand for electrical drives, applications based on renewable energy as well as home appliances, led by seasonality in market, drove revenue growth for this segment.
Power Management and Multimarket ("PMM") revenues increased an astounding 91% to €517 million ($572 million). Seasonally higher demand for mobile devices and servers, in turn, increased the requirement for power-supply products, which supported the impressive growth.
Revenues in the Chip Card and Security ("CSS") segment grew 40% to €172 million ($190 million). Though the segment recorded overall growth in revenues, seasonal fluctuations in demand proved to be a drag on the same.
Liquidity
Infineon's cash and cash equivalents were €700 million ($777 million) as of Jun 30, 2015, down from €7,38 million as on Mar 31, 2015. As of Jun 30, 2015 the company's long-term debt stood at €1,767 million ($1960 million), higher than €1,793 million as on Mar 31, 2015.
As of Jun 30, 2015 net cash provided by operating activities from continuing operations were €432 million ($479 million), up from €135 million at then end of Mar 31, 2015.
Based on its liquidity position, Infineon aims to achieve three primary capital management objectives, namely, a gross cash level of 30-40% of revenues, positive net cash position and relatively lower level of debt.
Guidance
For fourth-quarter fiscal 2015, the company expects revenue growth of 1% with a possible deviation of plus or minus 2%, whereas the segmental margin is predicted to be about 16% at mid-point of the growth range.
Infineon has also revised estimates for fiscal 2015 revenues, currently expecting it to increase by about 34% (as against 36% expected previously); while segmental margin is projected at 15%. Moreover, the company expects all business segments to contribute positively toward its top-line performance.
Both outlooks are based on an assumed exchange rate of US$1.10.
To Conclude
We believe Infineon has significantly improved its competitive position in the market by integrating its existing Automotive, Industrial Power Control and Power Management segments with International Rectifier. This bodes well for the long-run growth of the company. Also, the company's state-of-art technology and its strong customer support are likely to improve the business prospects of the company going forward.
However, the highly cyclical nature of the Infineon's business coupled with the strong competition it faces from existing rivals may prove to be a drag on the company's financial performance going forward.
Infineon currently holds a Zacks Rank #4 (Sell). Some better-ranked stocks in the industry include Ambarella, Inc. AMBA , Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX . All three stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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INFINEON TECH (IFNNY): Free Stock Analysis Report
MELLANOX TECH (MLNX): Free Stock Analysis Report
AMBARELLA INC (AMBA): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the industry include Ambarella, Inc. AMBA , Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX . Click to get this free report INFINEON TECH (IFNNY): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Excellent growth in sales, driven by major gains associated with International Rectifier acquisition, aided the year-over-year improvement in bottom line.
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Click to get this free report INFINEON TECH (IFNNY): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include Ambarella, Inc. AMBA , Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX . Strong sales growth in the Power Management and Multimarket segment also supported improvement in top line during third-quarter fiscal 2015.
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Click to get this free report INFINEON TECH (IFNNY): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include Ambarella, Inc. AMBA , Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX . Industrial Power Control ("IPC") revenues increased 35% year over year to €269 million ($297 million).
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Some better-ranked stocks in the industry include Ambarella, Inc. AMBA , Applied Optoelectronics, Inc. AAOI and Mellanox Technologies, Ltd. MLNX . Click to get this free report INFINEON TECH (IFNNY): Free Stock Analysis Report MELLANOX TECH (MLNX): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Strong sales growth in the Power Management and Multimarket segment also supported improvement in top line during third-quarter fiscal 2015.
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10325.0
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2015-07-30 00:00:00 UTC
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Increased Earnings Estimates Seen for Applied Optoelectronics (AAOI): Can It Move Higher? - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/increased-earnings-estimates-seen-for-applied-optoelectronics-aaoi%3A-can-it-move-higher
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nan
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nan
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Applied Optoelectronics, Inc. ( AAOI ) is a company in the semiconductor space that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AAOI's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Applied Optoelectronics could be a solid choice for investors.
Current Quarter Estimates for AAOI
In the past 30 days, 3 estimates have gone higher for Applied Optoelectronics while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 24 cents a share 30 days ago, to 33 cents today, a move of 37.5%.
Current Year Estimates for AAOI
Meanwhile, Applied Optoelectronics' current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 76 cents per share 30 days ago to 93 cents per share today, an increase of 22.4%.
Bottom Line
The stock has also started to move higher lately, adding 6.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, Inc. ( AAOI ) is a company in the semiconductor space that could be an interesting play for investors. These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AAOI's earnings for the coming quarter and year. Current Quarter Estimates for AAOI In the past 30 days, 3 estimates have gone higher for Applied Optoelectronics while none have gone lower in the same time period.
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Current Quarter Estimates for AAOI In the past 30 days, 3 estimates have gone higher for Applied Optoelectronics while none have gone lower in the same time period. Current Year Estimates for AAOI Meanwhile, Applied Optoelectronics' current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no downward revision. Applied Optoelectronics, Inc. ( AAOI ) is a company in the semiconductor space that could be an interesting play for investors.
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Current Quarter Estimates for AAOI In the past 30 days, 3 estimates have gone higher for Applied Optoelectronics while none have gone lower in the same time period. Current Year Estimates for AAOI Meanwhile, Applied Optoelectronics' current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no downward revision. Applied Optoelectronics, Inc. ( AAOI ) is a company in the semiconductor space that could be an interesting play for investors.
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Applied Optoelectronics, Inc. ( AAOI ) is a company in the semiconductor space that could be an interesting play for investors. These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AAOI's earnings for the coming quarter and year. Current Quarter Estimates for AAOI In the past 30 days, 3 estimates have gone higher for Applied Optoelectronics while none have gone lower in the same time period.
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10326.0
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2015-07-28 00:00:00 UTC
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New Strong Buy Stocks for July 28th - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/new-strong-buy-stocks-for-july-28th-tale-of-the-tape-2015-07-28
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) list today:
Amazon.com, Inc. ( AMZN )
Applied Optoelectronics Inc ( AAOI )
Atlas Air Worldwide Holdings, Inc. ( AAWW )
Attunity Ltd ( ATTU )
Boyd Gaming Corporation ( BYD )
View the entire Zacks Rank #1 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AMAZON.COM INC (AMZN): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
ATLAS AIR WORLD (AAWW): Free Stock Analysis Report
ATTUNITY LTD (ATTU): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) list today: Amazon.com, Inc. ( AMZN ) Applied Optoelectronics Inc ( AAOI ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) Attunity Ltd ( ATTU ) Boyd Gaming Corporation ( BYD ) View the entire Zacks Rank #1 List . Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report ATTUNITY LTD (ATTU): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) list today: Amazon.com, Inc. ( AMZN ) Applied Optoelectronics Inc ( AAOI ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) Attunity Ltd ( ATTU ) Boyd Gaming Corporation ( BYD ) View the entire Zacks Rank #1 List . Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report ATTUNITY LTD (ATTU): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) list today: Amazon.com, Inc. ( AMZN ) Applied Optoelectronics Inc ( AAOI ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) Attunity Ltd ( ATTU ) Boyd Gaming Corporation ( BYD ) View the entire Zacks Rank #1 List . Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report ATTUNITY LTD (ATTU): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) list today: Amazon.com, Inc. ( AMZN ) Applied Optoelectronics Inc ( AAOI ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) Attunity Ltd ( ATTU ) Boyd Gaming Corporation ( BYD ) View the entire Zacks Rank #1 List . Click to get this free report AMAZON.COM INC (AMZN): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report ATTUNITY LTD (ATTU): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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10327.0
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2015-07-23 00:00:00 UTC
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NVE Corp Q1 Earnings & Revenues Miss Estimates, Fall Y/Y - Analyst Blog
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AAOI
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https://www.nasdaq.com/articles/nve-corp-q1-earnings-revenues-miss-estimates-fall-y-y-analyst-blog-2015-07-23
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nan
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nan
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NVE Corp.NVEC reported first-quarter fiscal 2016 earnings of 78 cents per share, missing the Zacks Consensus Estimate of 88 cents by 11.4%. Quarterly earnings also declined 6% from the prior-year level.
NVE Corporation - Earnings Surprise | FindTheBest
Total Revenue
In the quarter under review, total revenue came in at $8.32 million, lagging the Zacks Consensus Estimate of $9 million by 7.6%. The reported top line also decreased 1.6% year over year primarily due to a 7% fall in product sales. This was partially offset by a 457% surge in contract research and development revenues.
Quarterly Highlights
NVE Corp. spent $1.99 million in the first quarter of fiscal 2016 as cost of sales, up 28% year over year.
The company's gross profit was $6.33 million, down 8.2% from $6.89 million a year ago.
Total expenses decreased 18.7% year over year to $1.17 million, primarily due to lower selling, general and administrative, and research and development expenses.
Interest income in the reported quarter was $0.49 million, down 11.4% year over year mainly due to a fall in interest-bearing marketable securities.
Financial Position
As of Jun 30, 2015, NVE Corp. had cash and cash equivalents of $12.29 million comapred with $9.44 million as of Mar 31, 2015.
Long-term deferred tax liabilities as of Jun 30, 2015 were $0.14 million compared with $0.28 million as of Mar 31, 2015.
Zacks Rank
NVE Corp. currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry include Ambarella, Inc. AMBA with a Zacks Rank #1 (Strong Buy), and Applied Optoelectronics, Inc. AAOI and Avago Technologies Limited AVGO , each holding a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report
NVE CORP (NVEC): Free Stock Analysis Report
AMBARELLA INC (AMBA): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the same industry include Ambarella, Inc. AMBA with a Zacks Rank #1 (Strong Buy), and Applied Optoelectronics, Inc. AAOI and Avago Technologies Limited AVGO , each holding a Zacks Rank #2 (Buy). Click to get this free report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report NVE CORP (NVEC): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. NVE Corporation - Earnings Surprise | FindTheBest Total Revenue In the quarter under review, total revenue came in at $8.32 million, lagging the Zacks Consensus Estimate of $9 million by 7.6%.
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Some better-ranked stocks in the same industry include Ambarella, Inc. AMBA with a Zacks Rank #1 (Strong Buy), and Applied Optoelectronics, Inc. AAOI and Avago Technologies Limited AVGO , each holding a Zacks Rank #2 (Buy). Click to get this free report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report NVE CORP (NVEC): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Total expenses decreased 18.7% year over year to $1.17 million, primarily due to lower selling, general and administrative, and research and development expenses.
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Click to get this free report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report NVE CORP (NVEC): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same industry include Ambarella, Inc. AMBA with a Zacks Rank #1 (Strong Buy), and Applied Optoelectronics, Inc. AAOI and Avago Technologies Limited AVGO , each holding a Zacks Rank #2 (Buy). NVE Corporation - Earnings Surprise | FindTheBest Total Revenue In the quarter under review, total revenue came in at $8.32 million, lagging the Zacks Consensus Estimate of $9 million by 7.6%.
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Some better-ranked stocks in the same industry include Ambarella, Inc. AMBA with a Zacks Rank #1 (Strong Buy), and Applied Optoelectronics, Inc. AAOI and Avago Technologies Limited AVGO , each holding a Zacks Rank #2 (Buy). Click to get this free report AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report NVE CORP (NVEC): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. NVE Corporation - Earnings Surprise | FindTheBest Total Revenue In the quarter under review, total revenue came in at $8.32 million, lagging the Zacks Consensus Estimate of $9 million by 7.6%.
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10328.0
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2015-07-22 00:00:00 UTC
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Badger Meter Q2 Earnings Lag on Lower-than-Expected Sales - Analyst Blog
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AAOI
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https://www.nasdaq.com/articles/badger-meter-q2-earnings-lag-on-lower-than-expected-sales-analyst-blog-2015-07-22
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nan
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nan
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Badger Meter Inc.BMI reported a 9.8% year-over-year decline in earnings to 55 cents per share in the second quarter of 2015. Earnings were also short of the Zacks Consensus Estimate of 74 cents by a wide margin, a negative earnings surprise of 25.7%.
The results were negatively impacted by lower-than-anticipated sales, higher health care costs and increased software amortization. Moreover, increased sales and marketing efforts in California also led to the decline in earnings.
Badger Meter Inc. - Earnings Surprise | FindTheBest
Badger Meter's second-quarter sales increased 3.4% to a record $98.9 million from $95.7 million in the year-ago quarter. However, revenues missed the Zacks Consensus Estimate of $104 million. Lower-than-expected sales of municipal water products were offset by positive contribution from National Meter and Automation.
Costs and Margins
Cost of sales increased 4.8% year over year to $63.8 million. Gross profit in the quarter was $35 million, up from $34.8 million in the prior-year quarter. Gross margin was 35.5%, which declined 90 basis points (bps) from 36.4% a year ago.
Selling, engineering and administration expenses increased 11.4% year over year to $23 million. Operating income decreased 14% to $12 million from $14 million in the year-earlier quarter. Consequently, operating margin contracted 260 bps to 12.3%.
Financial Position
Badger Meter reported cash and cash equivalents of $12.7 million at the end of the second quarter, up from $6.7 million as of 2014-end. Receivables of around $62 million were recorded in the reported quarter compared with $54 million as of Dec 31, 2014. Inventories remained flat at $72 million at the quarter end compared with Dec 31, 2014.
Guidance
Badger Meter remains optimistic about the growth opportunities for new products and products currently under development. The company will also benefit from strong fundamentals over the long term.
Badger Meter's focus on helping water utilities and customers to conserve water will drive additional sales in future quarters. Municipalities in California continue to be affected by drought conditions and state mandates to reduce water consumption. However, the slow-growth economy will remain a headwind for the company.
Headquartered in Milwaukee, WI, Badger Meter provides liquid flow measurement products and control technology. It also serves water and gas utilities, municipalities and industrial customers worldwide. The company's products, which are developed both internally and in collaboration with other technology companies, are used in a wide variety of applications related to water, oil and chemicals.
At present, Badger Meter has a Zacks Rank #3 (Hold).
Better-ranked stocks in the same industry include Agilent Technologies Inc. A , Applied Optoelectronics, Inc. AAOI and Nanometrics Inc. NANO . All these stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BADGER METER (BMI): Free Stock Analysis Report
AGILENT TECH (A): Free Stock Analysis Report
NANOMETRICS INC (NANO): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the same industry include Agilent Technologies Inc. A , Applied Optoelectronics, Inc. AAOI and Nanometrics Inc. NANO . Click to get this free report BADGER METER (BMI): Free Stock Analysis Report AGILENT TECH (A): Free Stock Analysis Report NANOMETRICS INC (NANO): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The results were negatively impacted by lower-than-anticipated sales, higher health care costs and increased software amortization.
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Click to get this free report BADGER METER (BMI): Free Stock Analysis Report AGILENT TECH (A): Free Stock Analysis Report NANOMETRICS INC (NANO): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry include Agilent Technologies Inc. A , Applied Optoelectronics, Inc. AAOI and Nanometrics Inc. NANO . Earnings were also short of the Zacks Consensus Estimate of 74 cents by a wide margin, a negative earnings surprise of 25.7%.
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Click to get this free report BADGER METER (BMI): Free Stock Analysis Report AGILENT TECH (A): Free Stock Analysis Report NANOMETRICS INC (NANO): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry include Agilent Technologies Inc. A , Applied Optoelectronics, Inc. AAOI and Nanometrics Inc. NANO . Badger Meter Inc. - Earnings Surprise | FindTheBest Badger Meter's second-quarter sales increased 3.4% to a record $98.9 million from $95.7 million in the year-ago quarter.
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Click to get this free report BADGER METER (BMI): Free Stock Analysis Report AGILENT TECH (A): Free Stock Analysis Report NANOMETRICS INC (NANO): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the same industry include Agilent Technologies Inc. A , Applied Optoelectronics, Inc. AAOI and Nanometrics Inc. NANO . Badger Meter Inc. - Earnings Surprise | FindTheBest Badger Meter's second-quarter sales increased 3.4% to a record $98.9 million from $95.7 million in the year-ago quarter.
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10329.0
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2015-07-20 00:00:00 UTC
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Why Applied Optoelectronics (AAOI) Could Be a Potential Winner - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/why-applied-optoelectronics-aaoi-could-be-a-potential-winner-tale-of-the-tape-2015-07-20
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nan
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nan
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It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors' radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.
One way to find these underappreciated stocks is by looking at companies that haven't seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven't quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Applied Optoelectronics, Inc. ( AAOI ). This semiconductor stock has actually seen estimates rise over the past month for the current fiscal year by about 22.4%. But that is not yet reflected in its price, as the stock gained only 1.5% over the same time frame.
You should not be concerned about the price remaining muted going forward. This year's expected earnings growth over the prior year is 72.8%, which should ultimately translate into price appreciation.
And if this isn't enough, AAOI currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance ).
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Applied Optoelectronics. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for AAOI and that now might be an interesting buying opportunity.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for AAOI and that now might be an interesting buying opportunity. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Applied Optoelectronics, Inc. ( AAOI ). And if this isn't enough, AAOI currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance ).
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Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Applied Optoelectronics, Inc. ( AAOI ). And if this isn't enough, AAOI currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance ).
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And if this isn't enough, AAOI currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance ). One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Applied Optoelectronics, Inc. ( AAOI ). Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for AAOI and that now might be an interesting buying opportunity.
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Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for AAOI and that now might be an interesting buying opportunity. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Applied Optoelectronics, Inc. ( AAOI ). And if this isn't enough, AAOI currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance ).
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10330.0
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2015-07-16 00:00:00 UTC
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Why You Shouldn't Bet Against Applied Optoelectronics (AAOI) Stock - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/why-you-shouldnt-bet-against-applied-optoelectronics-aaoi-stock-tale-of-the-tape-2015-07
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nan
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nan
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One stock that might be an intriguing choice for investors right now is Applied Optoelectronics, Inc. ( AAOI ). This is because this security in the Electronic Components-Semiconductors space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Electronic Components-Semiconductors space as it currently has a Zacks Industry Rank of 52 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Applied Optoelectronics is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from 24 cents per share to 33 cents per share, while current year estimates have risen from 76 cents per share to 86 cents per share. This has helped AAOI to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position.
So, if you are looking for a decent pick in a strong industry, consider Applied Optoelectronics. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One stock that might be an intriguing choice for investors right now is Applied Optoelectronics, Inc. ( AAOI ). This has helped AAOI to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here.
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One stock that might be an intriguing choice for investors right now is Applied Optoelectronics, Inc. ( AAOI ). This has helped AAOI to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here.
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One stock that might be an intriguing choice for investors right now is Applied Optoelectronics, Inc. ( AAOI ). This has helped AAOI to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here.
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One stock that might be an intriguing choice for investors right now is Applied Optoelectronics, Inc. ( AAOI ). This has helped AAOI to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here.
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10331.0
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2015-07-16 00:00:00 UTC
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Time to Focus on Optoelectronics (AAOI) for Strong Earnings Growth Potential - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/time-to-focus-on-optoelectronics-aaoi-for-strong-earnings-growth-potential-tale-of-the
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nan
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nan
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Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors' attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Applied Optoelectronics, Inc. ( AAOI ). This firm, which is in the Electronic Components space, saw substantial EPS growth last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 59.3%. Furthermore, the long-term growth rate is currently an impressive 18.3%, suggesting pretty good prospects for the long haul.
And if this wasn't enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 13.7%. Thanks to this rise in earnings estimates, AAOI has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider AAOI. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AAOI as well.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AAOI as well. One such company that might be well-positioned for future earnings growth is Applied Optoelectronics, Inc. ( AAOI ). Thanks to this rise in earnings estimates, AAOI has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AAOI as well. Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that might be well-positioned for future earnings growth is Applied Optoelectronics, Inc. ( AAOI ).
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Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AAOI as well. Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. One such company that might be well-positioned for future earnings growth is Applied Optoelectronics, Inc. ( AAOI ).
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One such company that might be well-positioned for future earnings growth is Applied Optoelectronics, Inc. ( AAOI ). Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AAOI as well. Thanks to this rise in earnings estimates, AAOI has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.
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10332.0
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2015-06-25 00:00:00 UTC
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Applied Optoelectronics (AAOI) Looks Good: Stock Gains 6.7% - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectronics-aaoi-looks-good%3A-stock-gains-6.7-tale-of-the-tape-2015-06-25
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nan
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nan
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Applied Optoelectronics, Inc. ( AAOI ) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $17.54 to $19.18 over the past one-month time frame.
The company has seen 1 negative revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher can last.
Applied Optoelectronics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked semiconductor stock is CEVA Inc. ( CEVA ), sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
CEVA INC (CEVA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, Inc. ( AAOI ) was a big mover last session, as the company saw its shares rise nearly 7% on the day. Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report CEVA INC (CEVA): Free Stock Analysis Report To read this article on Zacks.com click here. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $17.54 to $19.18 over the past one-month time frame.
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Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report CEVA INC (CEVA): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. ( AAOI ) was a big mover last session, as the company saw its shares rise nearly 7% on the day. Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report CEVA INC (CEVA): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. ( AAOI ) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The company has seen 1 negative revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road.
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Applied Optoelectronics, Inc. ( AAOI ) was a big mover last session, as the company saw its shares rise nearly 7% on the day. Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report CEVA INC (CEVA): Free Stock Analysis Report To read this article on Zacks.com click here. Click to get this free report >> Want the latest recommendations from Zacks Investment Research?
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10333.0
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2015-03-03 00:00:00 UTC
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Zacks Rank #5 Additions for Tuesday - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/zacks-rank-5-additions-for-tuesday-tale-of-the-tape-2015-03-03
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Aerohive Networks Inc ( HIVE )
Allegheny Technologies Incorporated ( ATI )
Applied Optoelectronics Inc ( AAOI )
Bio-Rad Laboratories, Inc. ( BIO )
Canon Inc ( CAJ )
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AEROHIVE NETWRK (HIVE): Free Stock Analysis Report
ALLEGHENY TECH (ATI): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
BIO-RAD LABS -A (BIO): Free Stock Analysis Report
CANON INC ADR (CAJ): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aerohive Networks Inc ( HIVE ) Allegheny Technologies Incorporated ( ATI ) Applied Optoelectronics Inc ( AAOI ) Bio-Rad Laboratories, Inc. ( BIO ) Canon Inc ( CAJ ) View the entire Zacks Rank #5 List . Click to get this free report AEROHIVE NETWRK (HIVE): Free Stock Analysis Report ALLEGHENY TECH (ATI): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report BIO-RAD LABS -A (BIO): Free Stock Analysis Report CANON INC ADR (CAJ): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aerohive Networks Inc ( HIVE ) Allegheny Technologies Incorporated ( ATI ) Applied Optoelectronics Inc ( AAOI ) Bio-Rad Laboratories, Inc. ( BIO ) Canon Inc ( CAJ ) View the entire Zacks Rank #5 List . Click to get this free report AEROHIVE NETWRK (HIVE): Free Stock Analysis Report ALLEGHENY TECH (ATI): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report BIO-RAD LABS -A (BIO): Free Stock Analysis Report CANON INC ADR (CAJ): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aerohive Networks Inc ( HIVE ) Allegheny Technologies Incorporated ( ATI ) Applied Optoelectronics Inc ( AAOI ) Bio-Rad Laboratories, Inc. ( BIO ) Canon Inc ( CAJ ) View the entire Zacks Rank #5 List . Click to get this free report AEROHIVE NETWRK (HIVE): Free Stock Analysis Report ALLEGHENY TECH (ATI): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report BIO-RAD LABS -A (BIO): Free Stock Analysis Report CANON INC ADR (CAJ): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Aerohive Networks Inc ( HIVE ) Allegheny Technologies Incorporated ( ATI ) Applied Optoelectronics Inc ( AAOI ) Bio-Rad Laboratories, Inc. ( BIO ) Canon Inc ( CAJ ) View the entire Zacks Rank #5 List . Click to get this free report AEROHIVE NETWRK (HIVE): Free Stock Analysis Report ALLEGHENY TECH (ATI): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report BIO-RAD LABS -A (BIO): Free Stock Analysis Report CANON INC ADR (CAJ): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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10334.0
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2015-01-02 00:00:00 UTC
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Zacks Rank #5 Additions for Friday - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/zacks-rank-5-additions-for-friday-tale-of-the-tape-2015-01-02
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Applied Optoelectronics Inc ( AAOI )
Arc Logistics Partners LP ( ARCX )
B/E Aerospace Inc ( BEAV )
Blucora Inc ( BCOR )
Bravo Brio Restaurant Group, Inc. ( BBRG )
View the entire Zacks Rank #5 List .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
ARC LOGISTICS (ARCX): Free Stock Analysis Report
B/E AEROSPACE (BEAV): Free Stock Analysis Report
BLUCORA INC (BCOR): Free Stock Analysis Report
BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Applied Optoelectronics Inc ( AAOI ) Arc Logistics Partners LP ( ARCX ) B/E Aerospace Inc ( BEAV ) Blucora Inc ( BCOR ) Bravo Brio Restaurant Group, Inc. ( BBRG ) View the entire Zacks Rank #5 List . Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report ARC LOGISTICS (ARCX): Free Stock Analysis Report B/E AEROSPACE (BEAV): Free Stock Analysis Report BLUCORA INC (BCOR): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Applied Optoelectronics Inc ( AAOI ) Arc Logistics Partners LP ( ARCX ) B/E Aerospace Inc ( BEAV ) Blucora Inc ( BCOR ) Bravo Brio Restaurant Group, Inc. ( BBRG ) View the entire Zacks Rank #5 List . Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report ARC LOGISTICS (ARCX): Free Stock Analysis Report B/E AEROSPACE (BEAV): Free Stock Analysis Report BLUCORA INC (BCOR): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Applied Optoelectronics Inc ( AAOI ) Arc Logistics Partners LP ( ARCX ) B/E Aerospace Inc ( BEAV ) Blucora Inc ( BCOR ) Bravo Brio Restaurant Group, Inc. ( BBRG ) View the entire Zacks Rank #5 List . Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report ARC LOGISTICS (ARCX): Free Stock Analysis Report B/E AEROSPACE (BEAV): Free Stock Analysis Report BLUCORA INC (BCOR): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Applied Optoelectronics Inc ( AAOI ) Arc Logistics Partners LP ( ARCX ) B/E Aerospace Inc ( BEAV ) Blucora Inc ( BCOR ) Bravo Brio Restaurant Group, Inc. ( BBRG ) View the entire Zacks Rank #5 List . Click to get this free report APPLIED OPTOELE (AAOI): Free Stock Analysis Report ARC LOGISTICS (ARCX): Free Stock Analysis Report B/E AEROSPACE (BEAV): Free Stock Analysis Report BLUCORA INC (BCOR): Free Stock Analysis Report BRAVO BRIO RSTR (BBRG): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research?
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10335.0
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2014-10-22 00:00:00 UTC
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iRobot Beats on Q3 Earnings, Hikes 2014 EPS Guidance - Analyst Blog
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AAOI
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https://www.nasdaq.com/articles/irobot-beats-on-q3-earnings-hikes-2014-eps-guidance-analyst-blog-2014-10-22
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nan
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nan
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iRobot Corporation ( IRBT ) reported strong earnings and improved year over year revenues for the third quarter of 2014. Quarterly earnings came in at 48 cents per share, which surpassed both the Zacks Consensus Estimate of 33 cents and the year-ago quarter tally of 26 cents per share.
Irobot Corporation - Earnings Surprise | FindTheBest
Revenues
Revenues improved approximately 15.2% year over year to $143.5 million, higher than the Zacks Consensus Estimate of $135 million. The year-over-year increase was driven by improved demand in the Home Robot division of the company, which recorded a year-over-year growth of about 19%. Revenues in the Defense & Security business were better than expected with $25 million in backlog orders.
Segment Details
The Home Robots segment generated revenues of $132.0 million, up 18.5% year over year, on the back of healthy performances in domestic as well as overseas markets. The healthy quarterly revenue improvement for the segment was lead by 31% rise in domestic revenues and 13% international revenues. The segment's gross margin increased 310 bps year over year to 50.7%. Units shipped in the quarter increased 8.9% year over year to 573,000.
The Defense & Security segment's revenues were $10.7 million, compared with $10.1 million in the year-ago quarter. The segment's gross margin, increasing to 53.3% from 40.7% in the prior-year quarter, was up by 1,260 bps.
Margins/Costs
Overall gross margin was 47.3%, up 390 bps from 43.4% in the year-ago quarter. Operating expenses climbed 5% year over year to $45.2 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) came in at $29.7 million, compared with $17.2 million in the prior-year quarter.
Balance Sheet/Cash Flow
Exiting the quarter, iRobot had cash and cash equivalents of $148.4 million, compared with $165.4 million in the prior year quarter. Long-term debts stood at $4.2 million, down from $4.7 million in the year ago quarter.
In the first nine months of 2014, iRobot used $0.1 million cash for operating activities, versus net cash flow of $10.8 million in the year-ago comparable period. Capital expenditure was recorded at $9.2 million versus $5.3 million for the the first nine months of 2013.
Outlook
Management expects both Home Robots and Defense & Security segments to continue generating higher revenues. For fourth-quarter 2014, revenues are expected in the range of $158-$167 million, with earnings per share in the 26-31 cents range. Adjusted EBITDA is expected within $17-$20 million.
For 2014, iRobot has maintained its revenue guidance in a range of $555-$565 million. Management anticipates earnings per share to come within $1.20-$1.25, up from the prior range of $1.10-$1.20. The company reiterated its adjusted EBITDA guidance in the band of $77-$80 million.
The company intends to earn higher returns from its Home Robots segment in the upcoming year, on the back of increased Roomba robot sales. Additionally, as third-quarter revenues from the Defense & Security segment have exceeded expectations, speedy contract deliveries are further expected to maintain the growth momentum.
Other Stocks to Consider
With a market capitalization of $0.9 billion, iRobot currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Apple Inc. ( AAPL ), sporting a Zacks Rank #1 (Strong Buy); and Alcoa Inc. ( AA ) and Applied Optoelectronics, Inc. ( AAOI ), both carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
APPLE INC (AAPL): Free Stock Analysis Report
ALCOA INC (AA): Free Stock Analysis Report
IROBOT CORP (IRBT): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the industry include Apple Inc. ( AAPL ), sporting a Zacks Rank #1 (Strong Buy); and Alcoa Inc. ( AA ) and Applied Optoelectronics, Inc. ( AAOI ), both carrying a Zacks Rank #2 (Buy). Click to get this free report APPLE INC (AAPL): Free Stock Analysis Report ALCOA INC (AA): Free Stock Analysis Report IROBOT CORP (IRBT): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Outlook Management expects both Home Robots and Defense & Security segments to continue generating higher revenues.
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Some better-ranked stocks in the industry include Apple Inc. ( AAPL ), sporting a Zacks Rank #1 (Strong Buy); and Alcoa Inc. ( AA ) and Applied Optoelectronics, Inc. ( AAOI ), both carrying a Zacks Rank #2 (Buy). Click to get this free report APPLE INC (AAPL): Free Stock Analysis Report ALCOA INC (AA): Free Stock Analysis Report IROBOT CORP (IRBT): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Irobot Corporation - Earnings Surprise | FindTheBest Revenues Revenues improved approximately 15.2% year over year to $143.5 million, higher than the Zacks Consensus Estimate of $135 million.
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Click to get this free report APPLE INC (AAPL): Free Stock Analysis Report ALCOA INC (AA): Free Stock Analysis Report IROBOT CORP (IRBT): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the industry include Apple Inc. ( AAPL ), sporting a Zacks Rank #1 (Strong Buy); and Alcoa Inc. ( AA ) and Applied Optoelectronics, Inc. ( AAOI ), both carrying a Zacks Rank #2 (Buy). Irobot Corporation - Earnings Surprise | FindTheBest Revenues Revenues improved approximately 15.2% year over year to $143.5 million, higher than the Zacks Consensus Estimate of $135 million.
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Some better-ranked stocks in the industry include Apple Inc. ( AAPL ), sporting a Zacks Rank #1 (Strong Buy); and Alcoa Inc. ( AA ) and Applied Optoelectronics, Inc. ( AAOI ), both carrying a Zacks Rank #2 (Buy). Click to get this free report APPLE INC (AAPL): Free Stock Analysis Report ALCOA INC (AA): Free Stock Analysis Report IROBOT CORP (IRBT): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Irobot Corporation - Earnings Surprise | FindTheBest Revenues Revenues improved approximately 15.2% year over year to $143.5 million, higher than the Zacks Consensus Estimate of $135 million.
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10336.0
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2014-10-21 00:00:00 UTC
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iRobot to Ride Growth Trajectory on New Contracts - Analyst Blog
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AAOI
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https://www.nasdaq.com/articles/irobot-to-ride-growth-trajectory-on-new-contracts-analyst-blog-2014-10-21
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nan
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nan
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Premier robot manufacturing company iRobot Corporation ( IRBT ) announced the receipt of a new contract from the Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division. The deal, worth $7.6 million, will likely augment the revenues of the company's defense & security robot segment. The contract is likely to stimulate profitability in the long run acting as a growth driver for the company .
The Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division have also awarded iRobot another three-year indefinite delivery/indefinite quantity contract worth $13 million. The company will supply more MTRS robots under this contract.
Impact of the Contract
We believe the new military contracts can considerably increase iRobot's chances for a positive earnings result. However, it is also true that the positive impact of such contracts might be offset by certain risks and uncertainties faced by the company.
Through the first-half of 2014, iRobot had generated maximum revenue from the sales of its home robotic business segment. However, the defense sector contracts will probably improve the surplus generated by the company's defense and security robotic division. This segment of the company manufactures robots which perform functions like military surveillance, reconnaissance and explosive ordnance disposing. Hence, increased supply of such products will help augment the brand value of the company in the near future.
Moving Forward
iRobot designs and manufactures robots for both domestic and commercial usage. The household mobile robots of the company, such as Roomba and Scooba, help in accomplishing specialized functions such as floor scrubbing and vacuum cleaning. Also, the military robots invented by iRobot aid in increasing the efficiency of the defensive activities.
The product offerings of the company are non-imitable, rare and highly differentiated. According to the contract, iRobot will deliver the upgraded and spare parts for 46 MTRS (Man Transportable Robotic System) to the related segment of the U.S. Navy by the first half of 2015. The company had first manufactured MTRS robots after the establishment of its multi-mission iRobot 510 PackBot program.
Given the benefits of the new defense contracts and the incidence of upcoming business risks, iRobot currently sports a Zacks Rank #3 (Hold). Some other stocks worth considering in the industry include Alcoa Inc. ( AA ), Applied Optoelectronics, Inc. ( AAOI ) and Apple Inc. ( AAPL ), each carrying a Zacks Rank #2 (Buy).
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IROBOT CORP (IRBT): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
ALCOA INC (AA): Free Stock Analysis Report
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some other stocks worth considering in the industry include Alcoa Inc. ( AA ), Applied Optoelectronics, Inc. ( AAOI ) and Apple Inc. ( AAPL ), each carrying a Zacks Rank #2 (Buy). Click to get this free report IROBOT CORP (IRBT): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report ALCOA INC (AA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Premier robot manufacturing company iRobot Corporation ( IRBT ) announced the receipt of a new contract from the Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division.
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Click to get this free report IROBOT CORP (IRBT): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report ALCOA INC (AA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some other stocks worth considering in the industry include Alcoa Inc. ( AA ), Applied Optoelectronics, Inc. ( AAOI ) and Apple Inc. ( AAPL ), each carrying a Zacks Rank #2 (Buy). Premier robot manufacturing company iRobot Corporation ( IRBT ) announced the receipt of a new contract from the Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division.
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Click to get this free report IROBOT CORP (IRBT): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report ALCOA INC (AA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some other stocks worth considering in the industry include Alcoa Inc. ( AA ), Applied Optoelectronics, Inc. ( AAOI ) and Apple Inc. ( AAPL ), each carrying a Zacks Rank #2 (Buy). Premier robot manufacturing company iRobot Corporation ( IRBT ) announced the receipt of a new contract from the Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division.
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Some other stocks worth considering in the industry include Alcoa Inc. ( AA ), Applied Optoelectronics, Inc. ( AAOI ) and Apple Inc. ( AAPL ), each carrying a Zacks Rank #2 (Buy). Click to get this free report IROBOT CORP (IRBT): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report ALCOA INC (AA): Free Stock Analysis Report APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The company will supply more MTRS robots under this contract.
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10337.0
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2014-06-23 00:00:00 UTC
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Applied Optoelectronics Shines In Fast-Fiber Internet
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectronics-shines-fast-fiber-internet-2014-06-23
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nan
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nan
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The era of dial-up modems is long gone. Fast fiber optics rule the day, with telecoms, broadband-cable operators, equipment manufacturers and chipmakers racing to provide greater speed and bandwidth to an ever more demanding consumer.
Applied Optoelectronics ( AAOI ), a fiber optic networking products maker based in Sugar Land, Texas, is looking well positioned to help lead the way amid all this activity.
It serves three markets: broadband cable, fiber to the home (FTTH) and data centers. The company went public last September, but it's been in business since 1997.
Applied Optoelectronics stock has risen from an IPO price of 10 to trade near 23. It is up 54% this year and 31% from an early-May dip as the company reported first-quarter earnings per share of 6 cents, just meeting analyst estimates. Revenue in the quarter rose 74% from a year earlier to $24.9 million, ahead of analyst views for $23.9 million.
The company started out making fiber-optic devices such as laser diodes. These elements turn electrical signals into optical signals and then back into electrical signals.
Over the years, the company added more complicated modules and systems based on this technology. It also grew to become a vertically integrated manufacturer, a differentiating factor in the industry.
Cable Industry Capability
The company's legacy traces back to making lasers that are extremely weather-resistant, an ideal quality for the cable TV and FTTH industries, with their significant amount of outdoor infrastructure. Over the years, Applied Optoelectronics has grown to be the largest maker of fiber-optic devices for the cable TV industry.
"Applied Optoelectronics' technological basis is in molecular beam epitaxy (MBE), which is different from virtually all other laser makers that utilize metal-organic chemical vapor deposition," wrote Craig-Hallum Capital Group analyst Richard Shannon in a report. It generally provides better reliability over temperature and humidity changes, he says.
Applied Optoelectronics holds 57 patents related to MBE manufacturing. It has only two direct competitors in the field,Emcore ( EMKR ) and to a lesser extent,Finisar ( FNSR ), he noted.
This segment accounted for about half of Applied Optoelectronics' total revenue last year. Shannon expects this business to grow at about 3% this year and 20% next year, as cable TV companies enter a new upgrade cycle. Customers in this segment includeCisco Systems ( CSCO ) andArris Group ( ARRS ).
The biggest growth is expected to come from Applied Optoelectronics' two other businesses. Shannon forecasts its FTTH and data-center revenue to jump 394% and 203% this year, respectively.
FTTH -- as described by the Fiber to the Home Council -- is a relatively new way of bringing vastly higher bandwidth to consumers and businesses, thereby enabling more robust video, Internet and voice services.
Gigabit Home Internet
Technically, the industry group notes, it means delivering a communications signal by optical fiber from the operator's switching equipment all the way to a home or business, replacing existing copper infrastructure such as telephone wires and coaxial cable.
Two examples of U.S. FTTH services areAT&T 's (T) uVerse offering andVerizon Communications ' (VZ) FIOS service, notes Applied Optoelectronics, which makes both optical transmission and reception equipment for the FTTH industry.
"In particular, we're addressing very high-speed, advanced, gigabit-class fiber-optic home-network deployment," said Stefan Murry, Applied Optoelectronics' chief strategy officer.
"Earlier generations of fiber to the home had given us 50 to 100 megabits per second, but there are customers out there now that are interested in deploying gigabit-per-second type services," he said. "And for that to be done economically, we really need some new technology, and it requires fundamental innovations at the optical-device level."
In this segment, there are two types of customers, he noted. First, companies such as AT&T and Verizon buy their equipment primarily from other suppliers, such asAlcatel-Lucent (ALU) andEricsson (ERIC) . In the FTTH industry, Applied Optoelectronics supplies modules to the latter type of firm.
The second type of customer in the segment is a company innovating at the device level and making specialized equipment to address its particular needs in the FTTH space, Murry says. In this case, there is no "middleman," and Applied Optoelectronics is the direct supplier to this type of company.
A 'Google Fiber' Future?
Google (GOOGL) is an example of the latter type. Applied Optoelectronics hasn't officially said if it is working with the much-ballyhooed Google Fiber fast-broadband buildout, but the analyst and investor communities have speculated that it is.
The most important growth driver on a percentage basis is the FTTH segment, "which is really code for Google Fiber," Shannon said. "That one, the percentage growth rate will be huge, coming from a small base. That may end up to be the largest business in 2015 or 2016, if what we think happens actually does."
The important element in this development is that Applied Optoelectronics continues to own the technology it has developed in partnership with Google, Shannon wrote.
Google Fiber fast-broadband service started around Kansas City, Kansas. The project has now expanded into Provo, Utah, and Austin, Texas. And Google has also been in discussions with dozens of cities in nine more U.S. metro areas about bringing in fast fiber.
Shannon has modeled that the potential annual sales from an Applied Optoelectronics buildout of new infrastructure for Google Fiber could reach between $70 million and $100 million in two to three years.
Big In Data Centers
Applied Optoelectronics' third business segment is data centers. Here, too, strong growth is expected -- especially as cloud computing becomes more prominent. The company is well positioned in this area, with two of the world's four largest data-center operators as customers:Microsoft (MSFT) andAmazon (AMZN).
"You have fiber optics in the data center to transmit data from one network element to another, for example from a server to a switch or from a switch to another switch," said Murry. "Up until a few years ago, data rates in this application were relatively slow, at 1 gigabit per second or lower."
At those data rates, you can transmit using regular copper cable, he says. In the last couple of years, interconnection speed among the switches and servers in data centers has gone up. At the same time, the physical size of the data centers has expanded. So not only is there longer distance, but data rates have sped up from 1 gigabit to as much as 40 gigabits per second.
"As a result, you can no longer transmit a signal over sufficient distance now at those higher speeds to cover one end of the data center to the other using copper cable," said Murry. "So now they have to go to fiber-optic cable."
Being a vertically integrated company helps Applied Optoelectronics work smart and quickly in its varied business segments.
A typical research-and-development process would involve three steps that need to be followed in sequence: making a new laser diode, then subassembling the optical module and finally integrating it within a larger system.
"That's a very lengthy process," said Murry. "By having all of these parts of the business under our own roof, we can do parallel work ... so that by the time the device is ready, everything else is ready as well."
Applied Optoelectronics has manufacturing facilities in Texas, China and Taiwan. It expects to spend $16 million to $18 million across its Taiwan and Houston facilities this year to expand fabrication capacity, mainly to address demand in the data-center and FTTH markets.
Where a complex technological process is involved, there are always risks. If Google Fiber has major slowdowns or can't deploy a nationwide network, it could significantly impact Applied Optoelectronics' stock price, says Shannon. Much of a surge that the stock had in February and March is attributable to Google Fiber expectations, he says.
Updates in data-center industry standards could also affect the business. A lot of data-center customization is required now as standards lag needs, Shannon says. If standards catch up, it could reduce the need for customization.
The timing of the cable operator upgrade cycle is another factor.
But of Applied Optoelectronics, he says, "we think it's not only the highest-growth optical company out there, it's probably one of the highest-growth hardware-technology companies available anywhere in the U.S. market today."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics ( AAOI ), a fiber optic networking products maker based in Sugar Land, Texas, is looking well positioned to help lead the way amid all this activity. Fast fiber optics rule the day, with telecoms, broadband-cable operators, equipment manufacturers and chipmakers racing to provide greater speed and bandwidth to an ever more demanding consumer. "Applied Optoelectronics' technological basis is in molecular beam epitaxy (MBE), which is different from virtually all other laser makers that utilize metal-organic chemical vapor deposition," wrote Craig-Hallum Capital Group analyst Richard Shannon in a report.
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Applied Optoelectronics ( AAOI ), a fiber optic networking products maker based in Sugar Land, Texas, is looking well positioned to help lead the way amid all this activity. Google Fiber fast-broadband service started around Kansas City, Kansas. Big In Data Centers Applied Optoelectronics' third business segment is data centers.
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Applied Optoelectronics ( AAOI ), a fiber optic networking products maker based in Sugar Land, Texas, is looking well positioned to help lead the way amid all this activity. Gigabit Home Internet Technically, the industry group notes, it means delivering a communications signal by optical fiber from the operator's switching equipment all the way to a home or business, replacing existing copper infrastructure such as telephone wires and coaxial cable. Shannon has modeled that the potential annual sales from an Applied Optoelectronics buildout of new infrastructure for Google Fiber could reach between $70 million and $100 million in two to three years.
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Applied Optoelectronics ( AAOI ), a fiber optic networking products maker based in Sugar Land, Texas, is looking well positioned to help lead the way amid all this activity. In this segment, there are two types of customers, he noted. The second type of customer in the segment is a company innovating at the device level and making specialized equipment to address its particular needs in the FTTH space, Murry says.
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10338.0
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2014-04-11 00:00:00 UTC
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Applied Optoelectronics (AAOI) Crumbles: Stock Falls by 6.5% - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectronics-aaoi-crumbles%3A-stock-falls-by-6.5-tale-of-the-tape-2014-04-11
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nan
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nan
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Applied Optoelectronics, Inc. ( AAOI ) saw a big move last session, as the company's shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AAOI, as the stock is now down over 17% since in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the company in the Semiconductor industry has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
AAOI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same space include Advanced Micro Devices, Inc. ( AMD ), Rambus Inc. ( RMBS ) and Freescale Semiconductor, Ltd. ( FLS ). While Advanced Micro Devices and Rambus both sport a Zacks Rank #1 (Strong Buy), Freescale Semiconductor carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
ADV MICRO DEV (AMD): Free Stock Analysis Report
FLOWSERVE CORP (FLS): Free Stock Analysis Report
RAMBUS INC (RMBS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, Inc. ( AAOI ) saw a big move last session, as the company's shares fell by over 6% on the day. This continues the recent downtrend for AAOI, as the stock is now down over 17% since in the past one-month time frame. AAOI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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Click to get this free report >> APPLIED OPTOELE (AAOI): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report FLOWSERVE CORP (FLS): Free Stock Analysis Report RAMBUS INC (RMBS): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. ( AAOI ) saw a big move last session, as the company's shares fell by over 6% on the day. This continues the recent downtrend for AAOI, as the stock is now down over 17% since in the past one-month time frame.
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Click to get this free report >> APPLIED OPTOELE (AAOI): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report FLOWSERVE CORP (FLS): Free Stock Analysis Report RAMBUS INC (RMBS): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. ( AAOI ) saw a big move last session, as the company's shares fell by over 6% on the day. This continues the recent downtrend for AAOI, as the stock is now down over 17% since in the past one-month time frame.
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Applied Optoelectronics, Inc. ( AAOI ) saw a big move last session, as the company's shares fell by over 6% on the day. This continues the recent downtrend for AAOI, as the stock is now down over 17% since in the past one-month time frame. AAOI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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10339.0
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2014-03-03 00:00:00 UTC
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Applied Optoelectronics (AAOI) Enters Overbought Territory - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectronics-aaoi-enters-overbought-territory-tale-of-the-tape-2014-03-03
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nan
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nan
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Applied Optoelectronics Inc. ( AAOI ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because AAOI is now in overbought territory with an RSI value of 80.8. Furthermore, Applied Optoelectronics currently has a Zacks Rank #4 (Sell), suggesting that investors may want to consider exiting this stock now before it falls back to Earth.
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics Inc. ( AAOI ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. That is because AAOI is now in overbought territory with an RSI value of 80.8.
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Applied Optoelectronics Inc. ( AAOI ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because AAOI is now in overbought territory with an RSI value of 80.8. APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here.
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Applied Optoelectronics Inc. ( AAOI ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. That is because AAOI is now in overbought territory with an RSI value of 80.8.
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Applied Optoelectronics Inc. ( AAOI ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because AAOI is now in overbought territory with an RSI value of 80.8. APPLIED OPTOELE (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here.
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10340.0
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2014-02-21 00:00:00 UTC
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Applied Optoelectronics (AAOI) Catches Eye: Stock Jumps 19.7% - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectronics-aaoi-catches-eye%3A-stock-jumps-19.7-tale-of-the-tape-2014-02-21
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nan
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nan
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Applied Optoelectronics, Inc. ( AAOI ) was a big mover last session, as the company saw its shares rise nearly 20% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up more than 41% since Feb 12, 2014.
The company has seen no estimate revision over the past 7 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Applied Optoelectronics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better-ranked semiconductor stocks include Integrated Device Technology, Inc. ( IDTI ), Lattice Semiconductor Corporation ( LSCC ) and Ambarella, Inc. ( AMBA ). While Integrated Device and Lattice Semiconductor sport a Zacks Rank #1 (Strong Buy), Ambarella has a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
AMBARELLA INC (AMBA): Free Stock Analysis Report
INTEGR DEVICE (IDTI): Free Stock Analysis Report
LATTICE SEMICON (LSCC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, Inc. ( AAOI ) was a big mover last session, as the company saw its shares rise nearly 20% on the day. Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> APPLIED OPTOELE (AAOI): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report INTEGR DEVICE (IDTI): Free Stock Analysis Report LATTICE SEMICON (LSCC): Free Stock Analysis Report To read this article on Zacks.com click here. The move came on solid volume too with far more shares changing hands than in a normal session.
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Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> APPLIED OPTOELE (AAOI): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report INTEGR DEVICE (IDTI): Free Stock Analysis Report LATTICE SEMICON (LSCC): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. ( AAOI ) was a big mover last session, as the company saw its shares rise nearly 20% on the day. Some better-ranked semiconductor stocks include Integrated Device Technology, Inc. ( IDTI ), Lattice Semiconductor Corporation ( LSCC ) and Ambarella, Inc. ( AMBA ).
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Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> APPLIED OPTOELE (AAOI): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report INTEGR DEVICE (IDTI): Free Stock Analysis Report LATTICE SEMICON (LSCC): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. ( AAOI ) was a big mover last session, as the company saw its shares rise nearly 20% on the day. While Integrated Device and Lattice Semiconductor sport a Zacks Rank #1 (Strong Buy), Ambarella has a Zacks Rank #2 (Buy).
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Applied Optoelectronics, Inc. ( AAOI ) was a big mover last session, as the company saw its shares rise nearly 20% on the day. Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> APPLIED OPTOELE (AAOI): Free Stock Analysis Report AMBARELLA INC (AMBA): Free Stock Analysis Report INTEGR DEVICE (IDTI): Free Stock Analysis Report LATTICE SEMICON (LSCC): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked semiconductor stocks include Integrated Device Technology, Inc. ( IDTI ), Lattice Semiconductor Corporation ( LSCC ) and Ambarella, Inc. ( AMBA ).
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10341.0
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2013-12-09 00:00:00 UTC
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Strength Seen in Applied Optoelectronics (AAOI): Stock Jumps 9.5% - Tale of the Tape
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AAOI
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https://www.nasdaq.com/articles/strength-seen-in-applied-optoelectronics-aaoi%3A-stock-jumps-9.5-tale-of-the-tape-2013-12-09
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nan
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nan
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Applied Optoelectronics, Inc. (AAOI) was a big mover on Friday, as the company saw its shares rise by nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. . This continues the recent uptrend for the company, as the stock is now up nearly 17% since Dec 3.
The company has seen a mixed track record when it comes to estimate revisions, of three increases and one decrease over the past one month, while the Zacks Consensus Estimate has increased slightly over the same time frame. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Applied Optoelectronics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better ranked electrical comp-semiconductor stocks include Pericom Semiconductor Corp. (PSEM), Amkor Technology, Inc. (AMKR) and Cavium, Inc. (CAVM). While Pericom holds a Zacks Rank #1 (Strong Buy), Amkor Technology and Cavium carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
APPLIED OPTOELE (AAOI): Free Stock Analysis Report
AMKOR TECH INC (AMKR): Get Free Report
CAVIUM INC (CAVM): Free Stock Analysis Report
PERICOM SEMICON (PSEM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, Inc. (AAOI) was a big mover on Friday, as the company saw its shares rise by nearly 10% on the day. Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> APPLIED OPTOELE (AAOI): Free Stock Analysis Report AMKOR TECH INC (AMKR): Get Free Report CAVIUM INC (CAVM): Free Stock Analysis Report PERICOM SEMICON (PSEM): Free Stock Analysis Report To read this article on Zacks.com click here. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
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Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> APPLIED OPTOELE (AAOI): Free Stock Analysis Report AMKOR TECH INC (AMKR): Get Free Report CAVIUM INC (CAVM): Free Stock Analysis Report PERICOM SEMICON (PSEM): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. (AAOI) was a big mover on Friday, as the company saw its shares rise by nearly 10% on the day. Some better ranked electrical comp-semiconductor stocks include Pericom Semiconductor Corp. (PSEM), Amkor Technology, Inc. (AMKR) and Cavium, Inc. (CAVM).
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Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> APPLIED OPTOELE (AAOI): Free Stock Analysis Report AMKOR TECH INC (AMKR): Get Free Report CAVIUM INC (CAVM): Free Stock Analysis Report PERICOM SEMICON (PSEM): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. (AAOI) was a big mover on Friday, as the company saw its shares rise by nearly 10% on the day. While Pericom holds a Zacks Rank #1 (Strong Buy), Amkor Technology and Cavium carry a Zacks Rank #2 (Buy).
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Applied Optoelectronics, Inc. (AAOI) was a big mover on Friday, as the company saw its shares rise by nearly 10% on the day. Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> APPLIED OPTOELE (AAOI): Free Stock Analysis Report AMKOR TECH INC (AMKR): Get Free Report CAVIUM INC (CAVM): Free Stock Analysis Report PERICOM SEMICON (PSEM): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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10342.0
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2013-09-26 00:00:00 UTC
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Applied Optoelectronics prices IPO at $10, below the range
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectronics-prices-ipo-10-below-range-2013-09-26
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nan
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nan
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Applied Optoelectronics, which engineers and manufactures fiber-optic networking products, raised $36 million by offering 3.6 million shares at $10, below the range of $13.00 to $15.00. Applied Optoelectronics plans to list on the NASDAQ under the symbol AAOI. Applied Optoelectronics initially filed confidentially on April 4, 2013. Raymond James and Piper Jaffray acted as lead managers on the deal.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics plans to list on the NASDAQ under the symbol AAOI. Applied Optoelectronics initially filed confidentially on April 4, 2013. Raymond James and Piper Jaffray acted as lead managers on the deal.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Applied Optoelectronics plans to list on the NASDAQ under the symbol AAOI. Applied Optoelectronics, which engineers and manufactures fiber-optic networking products, raised $36 million by offering 3.6 million shares at $10, below the range of $13.00 to $15.00.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Applied Optoelectronics plans to list on the NASDAQ under the symbol AAOI. Applied Optoelectronics, which engineers and manufactures fiber-optic networking products, raised $36 million by offering 3.6 million shares at $10, below the range of $13.00 to $15.00.
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Applied Optoelectronics plans to list on the NASDAQ under the symbol AAOI. Applied Optoelectronics, which engineers and manufactures fiber-optic networking products, raised $36 million by offering 3.6 million shares at $10, below the range of $13.00 to $15.00. Applied Optoelectronics initially filed confidentially on April 4, 2013.
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10343.0
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2013-09-23 00:00:00 UTC
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13 US IPOs planned for the week of Sep 23
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AAOI
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https://www.nasdaq.com/articles/13-us-ipos-planned-week-sep-23-2013-09-23
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nan
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nan
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The following IPOs are expected to price this week :
Applied Optoelectronics ( AAOI ), a leading fiber-optic networking products provider, plans to raise $50 million by offering 3.6 million shares at a price range of $13.00 to $15.00. At the midpoint of the proposed range, Applied Optoelectronics would command a market value of $182 million. Applied Optoelectronics, which was founded in 1997, booked $69 million in sales over the last 12 months. The Sugar Land, TX-based company plans to list on the NASDAQ under the symbol AAOI. Raymond James and Piper Jaffray are the joint bookrunners on the deal.
Covisint ( COVS ), which provides a data sharing platform primarily to the auto and health care industries, plans to raise $64 million by offering 6.4 million shares at a price range of $9.00 to $11.00. At the midpoint of the proposed range, Covisint would command a market value of $395 million. Covisint, which was founded in 2000, booked $94 million in sales over the last 12 months. The Detroit, MI-based company plans to list on the NASDAQ under the symbol COVS. Credit Suisse, Pacific Crest and Evercore Partners are the joint bookrunners on the deal.
Enzymotec ( ENZY ), which develops lipid-based nutritional ingredients and medical foods, plans to raise $75 million by offering 4.4 million shares at a price range of $16.00 to $18.00. At the midpoint of the proposed range, Enzymotec would command a market value of $391 million. Enzymotec, which was founded in 1998, booked $51 million in sales over the last 12 months. The Migdal Ha'Emeq, Israel-based company plans to list on the NASDAQ under the symbol ENZY. BofA Merrill Lynch and Jefferies & Co. are the joint bookrunners on the deal.
Evoke Pharma ( EVOK ), which is developing drugs to treat gastrointestinal disorders and diseases, plans to raise $27 million by offering 2.1 million shares at a price range of $12.00 to $14.00. At the midpoint of the proposed range, Evoke Pharma would command a market value of $75 million. Evoke Pharma, which was founded in 2007, booked $0 million in sales over the last 12 months. The San Diego, CA-based company plans to list on the NASDAQ under the symbol EVOK. Aegis Capital is the lead bookrunner on the deal.
Fate Therapeutics ( FATE ), an early clinical-stage biotech developing stem cell treatments for orphan diseases, plans to raise $60 million by offering 4.0 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Fate Therapeutics would command a market value of $219 million. Fate Therapeutics, which was founded in 2007, booked $2 million in sales over the last 12 months. The San Diego, CA-based company plans to list on the NASDAQ under the symbol FATE. Cowen & Company and BMO Capital Markets are the joint bookrunners on the deal.
Foundation Medicine (FMI), which offers diagnostic cancer analyses that provide patient specific data for physicians, plans to raise $75 million by offering 5.0 million shares at a price range of $14.00 to $16.00. At the midpoint of the proposed range, Foundation Medicine would command a market value of $421 million. Foundation Medicine, which was founded in 2009, booked $19 million in sales over the last 12 months. The Cambridge, MA-based company plans to list on the NASDAQ under the symbol FMI. Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal.
Montage Technology Group (MONT), a China-based fabless provider of chips for set-top boxes and memory computing, plans to raise $92 million by offering 7.1 million shares at a price range of $12.00 to $14.00. At the midpoint of the proposed range, Montage Technology Group would command a market value of $364 million. Montage Technology Group, which was founded in 2004, booked $90 million in sales over the last 12 months. The Shanghai, China-based company plans to list on the NASDAQ under the symbol MONT. Deutsche Bank, Barclays and Stifel are the joint bookrunners on the deal.
Ophthotech (OPHT), a clinical-stage biotech developing novel therapeutics for eye diseases, plans to raise $100 million by offering 5.7 million shares at a price range of $16.00 to $19.00. At the midpoint of the proposed range, Ophthotech would command a market value of $494 million. Ophthotech, which was founded in 2007, booked $0 million in sales over the last 12 months. The New York, NY-based company plans to list on the NASDAQ under the symbol OPHT. Morgan Stanley and J.P. Morgan are the joint bookrunners on the deal.
Pattern Energy Group (PEGI), which owns and operates eight wind power projects in the US, Canada and Chile, plans to raise $320 million by offering 16.0 million shares at a price range of $19.00 to $21.00. At the midpoint of the proposed range, Pattern Energy Group would command a market value of $1.0 billion. Pattern Energy Group, which was founded in 2009, booked $154 million in sales over the last 12 months. The San Francisco, CA-based company plans to list on the NASDAQ under the symbol PEGI. BMO Capital Markets, RBC Capital Markets and Morgan Stanley are the joint bookrunners on the deal. (Please note: Dual listing on the NASDAQ and the Toronto Stock Exchange.)
Premier (PINC), a member-owned healthcare alliance offering supply chain and performance services, plans to raise $690 million by offering 28.2 million shares at a price range of $23.00 to $26.00. At the midpoint of the proposed range, Premier would command a market value of $3.4 billion. Premier, which was founded in 1996, booked $869 million in sales over the last 12 months. The Charlotte, NC-based company plans to list on the NASDAQ under the symbol PINC. J.P. Morgan, BofA Merrill Lynch and Wells Fargo Securities are the joint bookrunners on the deal.
RingCentral (RNG), which provides cloud-based phone systems to small businesses, plans to raise $90 million by offering 7.5 million shares at a price range of $11.00 to $13.00. At the midpoint of the proposed range, RingCentral would command a market value of $808 million. RingCentral, which was founded in 1999, booked $136 million in sales over the last 12 months. The San Mateo, CA-based company plans to list on the NYSE under the symbol RNG. Goldman Sachs, J.P. Morgan and BofA Merrill Lynch are the joint bookrunners on the deal.
Tecogen (TGEN), which sells and services commercial natural gas-powered cogeneration systems, plans to raise $20 million by offering 3.0 million shares at a price range of $5.50 to $7.50. At the midpoint of the proposed range, Tecogen would command a market value of $113 million. Tecogen, which was founded in 2000, booked $15 million in sales over the last 12 months. The Waltham, MA-based company plans to list on the NASDAQ under the symbol TGEN. Northland Securities and Scarsdale Equities are the joint bookrunners on the deal.
Violin Memory (VMEM), which manufactures enterprise flash-based storage arrays, plans to raise $162 million by offering 18.0 million shares at a price range of $8.00 to $10.00. At the midpoint of the proposed range, Violin Memory would command a market value of $874 million. Violin Memory, which was founded in 2005, booked $95 million in sales over the last 12 months. The Mountain View, CA-based company plans to list on the NYSE under the symbol VMEM. J.P. Morgan, Deutsche Bank, BofA Merrill Lynch and Barclays are the joint bookrunners on the deal.
Renaissance Capital will have Pre-IPO Research available on each of these upcoming IPOs prior to its pricing.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following IPOs are expected to price this week : Applied Optoelectronics ( AAOI ), a leading fiber-optic networking products provider, plans to raise $50 million by offering 3.6 million shares at a price range of $13.00 to $15.00. The Sugar Land, TX-based company plans to list on the NASDAQ under the symbol AAOI. At the midpoint of the proposed range, Montage Technology Group would command a market value of $364 million.
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The following IPOs are expected to price this week : Applied Optoelectronics ( AAOI ), a leading fiber-optic networking products provider, plans to raise $50 million by offering 3.6 million shares at a price range of $13.00 to $15.00. The Sugar Land, TX-based company plans to list on the NASDAQ under the symbol AAOI. Ophthotech (OPHT), a clinical-stage biotech developing novel therapeutics for eye diseases, plans to raise $100 million by offering 5.7 million shares at a price range of $16.00 to $19.00.
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The following IPOs are expected to price this week : Applied Optoelectronics ( AAOI ), a leading fiber-optic networking products provider, plans to raise $50 million by offering 3.6 million shares at a price range of $13.00 to $15.00. The Sugar Land, TX-based company plans to list on the NASDAQ under the symbol AAOI. Evoke Pharma ( EVOK ), which is developing drugs to treat gastrointestinal disorders and diseases, plans to raise $27 million by offering 2.1 million shares at a price range of $12.00 to $14.00.
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The following IPOs are expected to price this week : Applied Optoelectronics ( AAOI ), a leading fiber-optic networking products provider, plans to raise $50 million by offering 3.6 million shares at a price range of $13.00 to $15.00. The Sugar Land, TX-based company plans to list on the NASDAQ under the symbol AAOI. BMO Capital Markets, RBC Capital Markets and Morgan Stanley are the joint bookrunners on the deal.
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10344.0
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2013-09-11 00:00:00 UTC
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Fiber-optic products manufacturer Applied Optoelectronics sets terms for $50 million IPO
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AAOI
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https://www.nasdaq.com/articles/fiber-optic-products-manufacturer-applied-optoelectronics-sets-terms-50-million-ipo-2013
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nan
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nan
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Applied Optoelectronics, a fiber-optic networking products provider for cable television, fiber-to-the-home and internet data center end markets, announced terms for its IPO on Wednesday. The Sugar Land, TX-based company plans to raise $50 million by offering 3.6 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Applied Optoelectronics would command a fully diluted market value of $182 million.
Applied Optoelectronics, which was founded in 1997 and booked $69 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol AAOI. Applied Optoelectronics initially filed confidentially on April 4, 2013. Raymond James and Piper Jaffray are the joint bookrunners on the deal.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, which was founded in 1997 and booked $69 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol AAOI. Applied Optoelectronics, a fiber-optic networking products provider for cable television, fiber-to-the-home and internet data center end markets, announced terms for its IPO on Wednesday. At the midpoint of the proposed range, Applied Optoelectronics would command a fully diluted market value of $182 million.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Applied Optoelectronics, which was founded in 1997 and booked $69 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol AAOI. At the midpoint of the proposed range, Applied Optoelectronics would command a fully diluted market value of $182 million.
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Applied Optoelectronics, which was founded in 1997 and booked $69 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol AAOI. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, which was founded in 1997 and booked $69 million in sales for the 12 months ended June 30, 2013, plans to list on the NASDAQ under the symbol AAOI. Applied Optoelectronics, a fiber-optic networking products provider for cable television, fiber-to-the-home and internet data center end markets, announced terms for its IPO on Wednesday. The Sugar Land, TX-based company plans to raise $50 million by offering 3.6 million shares at a price range of $13 to $15.
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10345.0
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2023-12-13 00:00:00 UTC
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AAON, Inc. (AAON) Hits Fresh High: Is There Still Room to Run?
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AAON
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https://www.nasdaq.com/articles/aaon-inc.-aaon-hits-fresh-high%3A-is-there-still-room-to-run
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nan
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nan
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Have you been paying attention to shares of Aaon (AAON)? Shares have been on the move with the stock up 14% over the past month. The stock hit a new 52-week high of $71.67 in the previous session. Aaon has gained 41.9% since the start of the year compared to the 50.6% move for the Zacks Construction sector and the 73.2% return for the Zacks Building Products - Air Conditioner and Heating industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 6, 2023, Aaon reported EPS of $0.64 versus consensus estimate of $0.55.
Valuation Metrics
Aaon may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Aaon has a Value Score of C. The stock's Growth and Momentum Scores are A and D, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 34.1X current fiscal year EPS estimates, which is a premium to the peer industry average of 29.5X. On a trailing cash flow basis, the stock currently trades at 41.8X versus its peer group's average of 26.9X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Aaon currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Aaon meets the list of requirements. Thus, it seems as though Aaon shares could still be poised for more gains ahead.
How Does AAON Stack Up to the Competition?
Shares of AAON have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Lennox International, Inc. (LII). LII has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of B, and a Momentum Score of B.
Earnings were strong last quarter. Lennox International, Inc. beat our consensus estimate by 13.53%, and for the current fiscal year, LII is expected to post earnings of $19.64 per share on revenue of $4.9 billion.
Shares of Lennox International, Inc. have gained 9.6% over the past month, and currently trade at a forward P/E of 24.99X and a P/CF of 27.06X.
The Building Products - Air Conditioner and Heating industry is in the top 10% of all the industries we have in our universe, so it looks like there are some nice tailwinds for AAON and LII, even beyond their own solid fundamental situation.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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AAON, Inc. (AAON) : Free Stock Analysis Report
Lennox International, Inc. (LII) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fortunately, Aaon currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts. Have you been paying attention to shares of Aaon (AAON)? Aaon has gained 41.9% since the start of the year compared to the 50.6% move for the Zacks Construction sector and the 73.2% return for the Zacks Building Products - Air Conditioner and Heating industry.
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Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Aaon meets the list of requirements. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report Lennox International, Inc. (LII) : Free Stock Analysis Report To read this article on Zacks.com click here. Have you been paying attention to shares of Aaon (AAON)?
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Aaon has a Value Score of C. The stock's Growth and Momentum Scores are A and D, respectively, giving the company a VGM Score of B. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Aaon meets the list of requirements. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report Lennox International, Inc. (LII) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Thus, it seems as though Aaon shares could still be poised for more gains ahead. Have you been paying attention to shares of Aaon (AAON)? Aaon has gained 41.9% since the start of the year compared to the 50.6% move for the Zacks Construction sector and the 73.2% return for the Zacks Building Products - Air Conditioner and Heating industry.
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10346.0
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2023-12-12 00:00:00 UTC
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Validea's Top Industrial Stocks Based On Benjamin Graham - 12/12/2023
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AAON
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https://www.nasdaq.com/articles/valideas-top-industrial-stocks-based-on-benjamin-graham-12-12-2023
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nan
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nan
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The following are the top rated Industrial stocks according to Validea's Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth.
NOW INC (DNOW) is a small-cap value stock in the Misc. Capital Goods industry. The rating according to our strategy based on Benjamin Graham is 86% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NOW Inc. is a global distributor to the oil and gas and industrial markets. The Company supplies energy and industrial products and packaged, engineered process and production equipment. It operates under the DistributionNOW and DNOW brands. Its segments include the United States, Canada and International. The Company's global product offering includes consumable maintenance, repair and operating (MRO) supplies, pipe, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, pumping solutions, and modular process, production, measurement and control equipment. It also offers procurement, warehouse and inventory management solutions as part of its supply chain and materials management offering. Its solutions include outsourcing portions or entire functions of its customers procurement, warehouse and inventory management, logistics, point of issue technology, project management, business process and performance metrics reporting.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: FAIL
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of NOW INC
DNOW Guru Analysis
DNOW Fundamental Analysis
MRC GLOBAL INC (MRC) is a small-cap value stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Benjamin Graham is 86% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: MRC Global Inc. is a global distributor of pipe, valves, and fittings (PVF) and other infrastructure products and services to diversified energy, industrial and gas utility end-markets. It provides supply chain solutions and digital platforms to its customers. Its geographical segments include United States, Canada, and International. It offers a range of PVF, oilfield supply, valve automation and modification, measurement, instrumentation, and other general and specialty products from its network of over 9,000 suppliers. It provides a range of services, such as product testing, truck stocking, volume purchasing, technical support, engineering of control packages, pressure testing, documentation services, including material test records, assembly drawings and data sheets, inventory and zone store management, and warehousing. Its distribution network extends across the world, including United States, and western Canada, as well as Europe, Asia, Australasia, and the Middle East.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: FAIL
P/E RATIO: PASS
PRICE/BOOK RATIO: PASS
Detailed Analysis of MRC GLOBAL INC
MRC Guru Analysis
MRC Fundamental Analysis
AAON INC (AAON) is a mid-cap growth stock in the Misc. Capital Goods industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AAON, Inc. is engaged in the engineering, manufacturing, marketing, and sale of premium air conditioning and heating equipment. It conducts its business through three segments: AAON Oklahoma, AAON Coil Products, and BASX. AAON Oklahoma segment designs, manufactures, sells, and services standard, semi-custom, and custom heating, ventilation, and air conditioning (HVAC) systems, designs and produces controls solutions for all of its HVAC units, and sells retail parts to customers through its two retail part stores in Tulsa, Oklahoma as well as online. AAON Coil Products segment designs and manufactures a selection of its standard, semi-custom, and custom HVAC systems. BASX segment provides product development design and manufacturing of custom engineered air handling systems, including data center cooling solutions, cleanroom HVAC systems, commercial/industrial HVAC systems, and modular solutions. Additionally, BASX designs and manufactures cleanroom environmental control systems.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of AAON INC
AAON Guru Analysis
AAON Fundamental Analysis
ALAMO GROUP, INC. (ALG) is a mid-cap growth stock in the Constr. & Agric. Machinery industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Alamo Group Inc. is engaged in designing, manufacturing, distributing and providing services of equipment for vegetation management, infrastructure maintenance and other applications. The Company has two segments: Vegetation Management Division and Industrial Equipment Division. The Vegetation Management Division includes the operations of the mowing and forestry/tree care operations, Morbark and Dutch Power business units. The Industrial Equipment Division includes the Company's vocational truck business and other industrial operations, such as excavators, vacuum trucks, street sweepers and snow removal equipment. The Company's products include tractor-mounted and self-propelled mowers, zero-turn mowers, agricultural implements, tree and branch chippers, forestry/wood recycling equipment, street and parking lot sweepers, leaf and debris collection equipment, pothole patchers, vacuum trucks, hydro-excavation equipment, telescopic boom excavators, and snow removal equipment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: PASS
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: FAIL
PRICE/BOOK RATIO: FAIL
Detailed Analysis of ALAMO GROUP, INC.
ALG Guru Analysis
ALG Fundamental Analysis
HUB GROUP INC (HUBG) is a mid-cap value stock in the Misc. Transportation industry. The rating according to our strategy based on Benjamin Graham is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hub Group, Inc. is a supply chain solutions provider, which offers comprehensive transportation and logistics management services. The Company's service offerings include a full range of freight transportation and logistics services, some of which are provided by assets the Company owns and operates, and some of which are provided by third parties with whom it contracts. Its transportation services include intermodal, truckload, less-than-truckload (LTL), flatbed, temperature-controlled, dedicated and regional trucking. Its logistics services include full outsource logistics solutions, transportation management services, freight consolidation, warehousing and fulfillment, final mile delivery, parcel and international services. The Company serves a diversified customer base in a range of industries, including retail, consumer products and durable goods.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
SECTOR: PASS
SALES: PASS
CURRENT RATIO: FAIL
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS
LONG-TERM EPS GROWTH: PASS
P/E RATIO: PASS
PRICE/BOOK RATIO: FAIL
Detailed Analysis of HUB GROUP INC
HUBG Guru Analysis
HUBG Fundamental Analysis
Benjamin Graham Portfolio
Top Benjamin Graham Stocks
About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the "Father of Value Investing" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis AAON INC (AAON) is a mid-cap growth stock in the Misc. Company Description: AAON, Inc. is engaged in the engineering, manufacturing, marketing, and sale of premium air conditioning and heating equipment. It conducts its business through three segments: AAON Oklahoma, AAON Coil Products, and BASX.
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AAON Oklahoma segment designs, manufactures, sells, and services standard, semi-custom, and custom heating, ventilation, and air conditioning (HVAC) systems, designs and produces controls solutions for all of its HVAC units, and sells retail parts to customers through its two retail part stores in Tulsa, Oklahoma as well as online. Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis AAON INC (AAON) is a mid-cap growth stock in the Misc. Company Description: AAON, Inc. is engaged in the engineering, manufacturing, marketing, and sale of premium air conditioning and heating equipment.
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Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis AAON INC (AAON) is a mid-cap growth stock in the Misc. Company Description: AAON, Inc. is engaged in the engineering, manufacturing, marketing, and sale of premium air conditioning and heating equipment. It conducts its business through three segments: AAON Oklahoma, AAON Coil Products, and BASX.
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Detailed Analysis of MRC GLOBAL INC MRC Guru Analysis MRC Fundamental Analysis AAON INC (AAON) is a mid-cap growth stock in the Misc. Company Description: AAON, Inc. is engaged in the engineering, manufacturing, marketing, and sale of premium air conditioning and heating equipment. It conducts its business through three segments: AAON Oklahoma, AAON Coil Products, and BASX.
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10347.0
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2023-11-15 00:00:00 UTC
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Are You Looking for a Top Momentum Pick? Why Aaon (AAON) is a Great Choice
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AAON
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https://www.nasdaq.com/articles/are-you-looking-for-a-top-momentum-pick-why-aaon-aaon-is-a-great-choice
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nan
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nan
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Aaon (AAON), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Aaon currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for AAON that show why this maker of air conditioning and heating equipment shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For AAON, shares are up 1.45% over the past week while the Zacks Building Products - Air Conditioner and Heating industry is up 0.88% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 11.76% compares favorably with the industry's 4.01% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Aaon have risen 7.14%, and are up 19.75% in the last year. In comparison, the S&P 500 has only moved 0.53% and 15.3%, respectively.
Investors should also take note of AAON's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, AAON is averaging 444,280 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with AAON.
Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost AAON's consensus estimate, increasing from $2.05 to $2.09 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that AAON is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Aaon on your short list.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON, Inc. (AAON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For AAON, shares are up 1.45% over the past week while the Zacks Building Products - Air Conditioner and Heating industry is up 0.88% over the same time period. Below, we take a look at Aaon (AAON), which currently has a Momentum Style Score of B. Aaon currently has a Zacks Rank of #2 (Buy).
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Below, we take a look at Aaon (AAON), which currently has a Momentum Style Score of B. Aaon currently has a Zacks Rank of #2 (Buy). Let's discuss some of the components of the Momentum Style Score for AAON that show why this maker of air conditioning and heating equipment shows promise as a solid momentum pick.
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Below, we take a look at Aaon (AAON), which currently has a Momentum Style Score of B. Aaon currently has a Zacks Rank of #2 (Buy). Let's discuss some of the components of the Momentum Style Score for AAON that show why this maker of air conditioning and heating equipment shows promise as a solid momentum pick.
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Below, we take a look at Aaon (AAON), which currently has a Momentum Style Score of B. Investors should also take note of AAON's average 20-day trading volume. Aaon currently has a Zacks Rank of #2 (Buy).
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10348.0
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2023-11-09 00:00:00 UTC
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Validea Peter Lynch Strategy Daily Upgrade Report - 11/9/2023
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AAON
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https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-11-9-2023
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nan
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nan
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The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
AAON INC (AAON) is a mid-cap growth stock in the Misc. Capital Goods industry. The rating according to our strategy based on Peter Lynch changed from 87% to 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AAON, Inc. is engaged in the engineering, manufacturing, marketing, and sale of premium air conditioning and heating equipment. It conducts its business through three segments: AAON Oklahoma, AAON Coil Products, and BASX. AAON Oklahoma segment designs, manufactures, sells, and services standard, semi-custom, and custom heating, ventilation, and air conditioning (HVAC) systems, designs and produces controls solutions for all of its HVAC units, and sells retail parts to customers through its two retail part stores in Tulsa, Oklahoma as well as online. AAON Coil Products segment designs and manufactures a selection of its standard, semi-custom, and custom HVAC systems. BASX segment provides product development design and manufacturing of custom engineered air handling systems, including data center cooling solutions, cleanroom HVAC systems, commercial/industrial HVAC systems, and modular solutions. Additionally, BASX designs and manufactures cleanroom environmental control systems.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of AAON INC
AAON Guru Analysis
AAON Fundamental Analysis
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Company Description: AAON, Inc. is engaged in the engineering, manufacturing, marketing, and sale of premium air conditioning and heating equipment. AAON Oklahoma segment designs, manufactures, sells, and services standard, semi-custom, and custom heating, ventilation, and air conditioning (HVAC) systems, designs and produces controls solutions for all of its HVAC units, and sells retail parts to customers through its two retail part stores in Tulsa, Oklahoma as well as online. AAON INC (AAON) is a mid-cap growth stock in the Misc.
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AAON Oklahoma segment designs, manufactures, sells, and services standard, semi-custom, and custom heating, ventilation, and air conditioning (HVAC) systems, designs and produces controls solutions for all of its HVAC units, and sells retail parts to customers through its two retail part stores in Tulsa, Oklahoma as well as online. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. AAON INC (AAON) is a mid-cap growth stock in the Misc.
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AAON Oklahoma segment designs, manufactures, sells, and services standard, semi-custom, and custom heating, ventilation, and air conditioning (HVAC) systems, designs and produces controls solutions for all of its HVAC units, and sells retail parts to customers through its two retail part stores in Tulsa, Oklahoma as well as online. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. AAON INC (AAON) is a mid-cap growth stock in the Misc.
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AAON Oklahoma segment designs, manufactures, sells, and services standard, semi-custom, and custom heating, ventilation, and air conditioning (HVAC) systems, designs and produces controls solutions for all of its HVAC units, and sells retail parts to customers through its two retail part stores in Tulsa, Oklahoma as well as online. AAON INC (AAON) is a mid-cap growth stock in the Misc. Company Description: AAON, Inc. is engaged in the engineering, manufacturing, marketing, and sale of premium air conditioning and heating equipment.
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10349.0
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2023-10-26 00:00:00 UTC
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Zacks Industry Outlook Highlights Watsco, AZEK and AAON
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AAON
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-watsco-azek-and-aaon
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nan
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For Immediate Release
Chicago, IL – October 26, 2023 – Today, Zacks Equity Research discusses Watsco, Inc. WSO, The AZEK Company Inc. AZEK and AAON, Inc. AAON.
Industry: Heating & Air Conditioning
Link: https://www.zacks.com/commentary/2171365/3-stocks-to-watch-from-the-thriving-air-conditioner-heating-industry
The Zacks Building Products - Air Conditioner & Heating industry players are uniquely positioned to capitalize on the mega-trends and opportunities associated with the energy transition and the pro-environmental drive. The companies continue to experience growing demand for renewable generation and solutions in 2023 and beyond, creating significant growth opportunities.
Although supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc., The AZEK Company Inc. and AAON, Inc. have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. Also, the replacement of older systems to reduce electricity consumption and carbon footprint, as well as planned investments in technologies to capture more growth, is acting as a major tailwind for industry participants.
Industry Description
The Zacks Building Products - Air Conditioner & Heating industry comprises designers, manufacturers, and marketers of a broad range of products for heating, ventilation, air conditioning, and refrigeration markets. The products include rooftop units, chillers, air-handling units, condensing units and coils.
The industry players also supply thermostats, insulation materials, refrigerants, grills, registers, sheet metal, tools, concrete pads, tape and adhesives. Air conditioning and heating equipment are sold in residential replacement, commercial and industrial HVAC (heating, ventilation and air conditioning), as well as residential new construction markets.
3 Trends Shaping the Future of the Air Conditioner & Heating Industry
U.S. Administration’s Pro-Environmental Moves: Reducing greenhouse gas emissions for a cleaner environmental footprint has been a major focus of the U.S. administration. Many industry participants remain engaged in supporting industries and facilities by selling and maintaining clean and efficient energy systems to reach their environmental goals for carbon reduction while providing resiliency to grid outages.
The companies are gaining from the fast-growing controlled-environment agriculture industry, courtesy of their consistent supply of clean cooling solutions. Overall, the companies are well-positioned to gain from the renewable energy drive of the pro-environmental U.S. administration. Meanwhile, the companies have been benefiting from an improvement in the residential and non-residential market, along with a rise in repair and remodeling activities.
Technology Augmentation & Inorganic Moves: Persistent investments in technologies designed to revolutionize customer experience seem vital for the industry. Digitization of the companies’ marketplace via e-commerce and iOS/Android-enabled apps, supported by a comprehensive database of product information, continues to see strong momentum. Importantly, new investments in the expansion of distribution, research and development projects, and marketing programs are contributing significantly to the companies’ top lines.
The players are also actively pursuing accretive acquisitions to broaden their product portfolios and expand their geographic footprints, as well as market share. Meanwhile, services associated with maintaining, monitoring and repairing the existing equipment are providing industry participants with stable revenue sources. The industry generates a major share of revenues from these services, which consumers generally cannot suspend, even when the construction market fluctuates.
Supply-Chain Woes, Rising Costs, Regulations: Although supply-chain issues have somewhat eased in recent times, the same, along with rising raw material costs, have been causes of concern, hurting the profit margins of industry participants. Operating expenses of companies are rising due to the pandemic-led business challenges and sharp rises in variable operating expenses, including company-wide, performance-based compensation, and excessive logistics and freight costs.
Meanwhile, the industry is susceptible to stringent governmental regulations on energy efficiency and gas emissions. HVAC systems use refrigerants for cooling, which is harmful to humans and the environment. Also, stiff competition and the impacts of seasonality on the industry’s revenues are significant risks.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Building Products - Air Conditioner & Heating industry is a five-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #32, which places it in the top 13% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of the positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group’s earnings growth potential. Since September 2023, the industry’s earnings estimates for 2023 have increased to $4.64 per share from $4.61.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Outperforms S&P 500, Sector
The Zacks Air Conditioner & Heating industry has outperformed the broader Zacks Construction sector and Zacks S&P 500 composite over the past year.
Over this period, the industry has gained 45.7% compared with the broader sector’s 22.6% rise. Meanwhile, the Zacks S&P 500 composite has gained 10.9% during the period.
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing Air Conditioner and Heating stocks, the industry is currently trading at 17.2X versus the S&P 500’s 18X and the sector’s 12.8.
Over the past five years, the industry has traded as high as 40.2X, as low as 17.2X and at a median of 25.5X.
3 Air Conditioner and Heating Stocks to Watch
Below, we have discussed three stocks from the Zacks Air Conditioner & Heating universe with solid growth potential. The chosen companies currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Watsco: Based in Miami, FL, Watsco is the largest distributor of Heating, ventilation and air conditioning equipment, as well as related parts and supplies (HVAC/R) in North America. The company has been gaining strength from its continuous investment in industry-leading technologies, accretive acquisitions and a consistent focus on rewarding customers. The solid performance of HVAC equipment and commercial refrigeration product segments added to the company’s uptrend.
WSO stock has gained 33% over the past year. Also, 2023 and 2024 earnings estimates have increased to $14.14 and $14.92 per share from $14.05 and $14.80, respectively, over the past 30 days. It carries an impressive VGM Score of A, making it a potentially interesting investment opportunity. WSO surpassed earnings estimates in three of the trailing four quarters and missed on another occasion, with the average surprise being 5.7%.
AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. The company maintains a balance between new construction and replacement applications and is making the most of robust replacement demand, broadly across the non-residential building market. Moderating cost inflation and solid pricing have been aiding the company to deliver solid results.
AAON stock has gained 30.1% over the past year. The company’s earnings for 2023 are expected to grow 65.3%. It carries an impressive VGM Score of B. AAON surpassed earnings estimates in all the trailing four quarters, with the average surprise being 24.8%.
The AZEK Company: Headquartered in Chicago, IL, this company manufactures low-maintenance and environmentally-sustainable outdoor living products — including TimberTech decking and Versatex and AZEK Trim — for residential, commercial, and industrial markets. Strong end-market demand is driven by repair & remodel market strength, sustained interest in outdoor living, and an accelerated trend in material conversion to the company’s various long-lasting, high-performance products.
The company has been experiencing ongoing success by effectively implementing strategies for growth and productivity, achieving strong operational performance, and achieving double-digit growth in residential sales. Their primary focus is on expanding their business through the introduction of new products, converting materials, and expanding their customer base. In addition, they are working to increase profit margins by excelling in operations, saving on sourcing costs, and implementing recycling initiatives. AZEK is also progressing well in the decking capacity expansion program.
AZEK stock has gained 52.1% over the past year. AZEK has seen an upward estimate revision of 3% for fiscal 2023 earnings over the past 30 days to 68 cents per share. It carries an impressive VGM Score of A. AZEK surpassed earnings estimates in three of the trailing four quarters and missed on another occasion, with the average surprise being 14.1%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Watsco, Inc. (WSO) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
The AZEK Company Inc. (AZEK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – October 26, 2023 – Today, Zacks Equity Research discusses Watsco, Inc. WSO, The AZEK Company Inc. AZEK and AAON, Inc. AAON. Although supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc., The AZEK Company Inc. and AAON, Inc. have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment.
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Click to get this free report Watsco, Inc. (WSO) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report The AZEK Company Inc. (AZEK) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – October 26, 2023 – Today, Zacks Equity Research discusses Watsco, Inc. WSO, The AZEK Company Inc. AZEK and AAON, Inc. AAON. Although supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc., The AZEK Company Inc. and AAON, Inc. have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices.
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For Immediate Release Chicago, IL – October 26, 2023 – Today, Zacks Equity Research discusses Watsco, Inc. WSO, The AZEK Company Inc. AZEK and AAON, Inc. AAON. Although supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc., The AZEK Company Inc. and AAON, Inc. have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment.
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For Immediate Release Chicago, IL – October 26, 2023 – Today, Zacks Equity Research discusses Watsco, Inc. WSO, The AZEK Company Inc. AZEK and AAON, Inc. AAON. Although supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc., The AZEK Company Inc. and AAON, Inc. have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment.
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10350.0
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2023-10-25 00:00:00 UTC
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3 Stocks to Watch From the Thriving Air Conditioner & Heating Industry
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AAON
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https://www.nasdaq.com/articles/3-stocks-to-watch-from-the-thriving-air-conditioner-heating-industry
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nan
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nan
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The Zacks Building Products - Air Conditioner & Heating industry players are uniquely positioned to capitalize on the mega-trends and opportunities associated with the energy transition and the pro-environmental drive. The companies continue to experience growing demand for renewable generation and solutions in 2023 and beyond, creating significant growth opportunities. Although supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc. WSO, The AZEK Company Inc. AZEK and AAON, Inc. AAON have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. Also, the replacement of older systems to reduce electricity consumption and carbon footprint, as well as planned investments in technologies to capture more growth, is acting as a major tailwind for industry participants.
Industry Description
The Zacks Building Products - Air Conditioner & Heating industry comprises designers, manufacturers, and marketers of a broad range of products for heating, ventilation, air conditioning, and refrigeration markets. The products include rooftop units, chillers, air-handling units, condensing units and coils. The industry players also supply thermostats, insulation materials, refrigerants, grills, registers, sheet metal, tools, concrete pads, tape and adhesives. Air conditioning and heating equipment are sold in residential replacement, commercial and industrial HVAC (heating, ventilation and air conditioning), as well as residential new construction markets.
3 Trends Shaping the Future of the Air Conditioner & Heating Industry
U.S. Administration’s Pro-Environmental Moves: Reducing greenhouse gas emissions for a cleaner environmental footprint has been a major focus of the U.S. administration. Many industry participants remain engaged in supporting industries and facilities by selling and maintaining clean and efficient energy systems to reach their environmental goals for carbon reduction while providing resiliency to grid outages. The companies are gaining from the fast-growing controlled-environment agriculture industry, courtesy of their consistent supply of clean cooling solutions. Overall, the companies are well-positioned to gain from the renewable energy drive of the pro-environmental U.S. administration. Meanwhile, the companies have been benefiting from an improvement in the residential and non-residential market, along with a rise in repair and remodeling activities.
Technology Augmentation & Inorganic Moves: Persistent investments in technologies designed to revolutionize customer experience seem vital for the industry. Digitization of the companies’ marketplace via e-commerce and iOS/Android-enabled apps, supported by a comprehensive database of product information, continues to see strong momentum. Importantly, new investments in the expansion of distribution, research and development projects, and marketing programs are contributing significantly to the companies’ top lines. The players are also actively pursuing accretive acquisitions to broaden their product portfolios and expand their geographic footprints, as well as market share. Meanwhile, services associated with maintaining, monitoring and repairing the existing equipment are providing industry participants with stable revenue sources. The industry generates a major share of revenues from these services, which consumers generally cannot suspend, even when the construction market fluctuates.
Supply-Chain Woes, Rising Costs, Regulations: Although supply-chain issues have somewhat eased in recent times, the same, along with rising raw material costs, have been causes of concern, hurting the profit margins of industry participants. Operating expenses of companies are rising due to the pandemic-led business challenges and sharp rises in variable operating expenses, including company-wide, performance-based compensation, and excessive logistics and freight costs. Meanwhile, the industry is susceptible to stringent governmental regulations on energy efficiency and gas emissions. HVAC systems use refrigerants for cooling, which is harmful to humans and the environment. Also, stiff competition and the impacts of seasonality on the industry’s revenues are significant risks.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Building Products - Air Conditioner & Heating industry is a five-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #32, which places it in the top 13% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of the positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group’s earnings growth potential. Since September 2023, the industry’s earnings estimates for 2023 have increased to $4.64 per share from $4.61.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Outperforms S&P 500, Sector
The Zacks Air Conditioner & Heating industry has outperformed the broader Zacks Construction sector and Zacks S&P 500 composite over the past year.
Over this period, the industry has gained 45.7% compared with the broader sector’s 22.6% rise. Meanwhile, the Zacks S&P 500 composite has gained 10.9% during the period.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing Air Conditioner and Heating stocks, the industry is currently trading at 17.2X versus the S&P 500’s 18X and the sector’s 12.8.
Over the past five years, the industry has traded as high as 40.2X, as low as 17.2X and at a median of 25.5X, as the chart below shows.
Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500
3 Air Conditioner and Heating Stocks to Watch
Below, we have discussed three stocks from the Zacks Air Conditioner & Heating universe with solid growth potential. The chosen companies currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Watsco: Based in Miami, FL, Watsco is the largest distributor of Heating, ventilation and air conditioning equipment, as well as related parts and supplies (HVAC/R) in North America. The company has been gaining strength from its continuous investment in industry-leading technologies, accretive acquisitions and a consistent focus on rewarding customers. The solid performance of HVAC equipment and commercial refrigeration product segments added to the company’s uptrend.
WSO stock has gained 33% over the past year. Also, 2023 and 2024 earnings estimates have increased to $14.14 and $14.92 per share from $14.05 and $14.80, respectively, over the past 30 days. It carries an impressive VGM Score of A, making it a potentially interesting investment opportunity. WSO surpassed earnings estimates in three of the trailing four quarters and missed on another occasion, with the average surprise being 5.7%.
Price and Consensus: WSO
AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. The company maintains a balance between new construction and replacement applications and is making the most of robust replacement demand, broadly across the non-residential building market. Moderating cost inflation and solid pricing have been aiding the company to deliver solid results.
AAON stock has gained 30.1% over the past year. The company’s earnings for 2023 are expected to grow 65.3%. It carries an impressive VGM Score of B. AAON surpassed earnings estimates in all the trailing four quarters, with the average surprise being 24.8%.
Price and Consensus: AAON
The AZEK Company: Headquartered in Chicago, IL, this company manufactures low-maintenance and environmentally-sustainable outdoor living products — including TimberTech decking and Versatex and AZEK Trim — for residential, commercial, and industrial markets. Strong end-market demand is driven by repair & remodel market strength, sustained interest in outdoor living, and an accelerated trend in material conversion to the company’s various long-lasting, high-performance products. The company has been experiencing ongoing success by effectively implementing strategies for growth and productivity, achieving strong operational performance, and achieving double-digit growth in residential sales. Their primary focus is on expanding their business through the introduction of new products, converting materials, and expanding their customer base. In addition, they are working to increase profit margins by excelling in operations, saving on sourcing costs, and implementing recycling initiatives. AZEK is also progressing well in the decking capacity expansion program.
AZEK stock has gained 52.1% over the past year. AZEK has seen an upward estimate revision of 3% for fiscal 2023 earnings over the past 30 days to 68 cents per share. It carries an impressive VGM Score of A. AZEK surpassed earnings estimates in three of the trailing four quarters and missed on another occasion, with the average surprise being 14.1%.
Price and Consensus: AZEK
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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Watsco, Inc. (WSO) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
The AZEK Company Inc. (AZEK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc. WSO, The AZEK Company Inc. AZEK and AAON, Inc. AAON have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. AAON stock has gained 30.1% over the past year.
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Click to get this free report Watsco, Inc. (WSO) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report The AZEK Company Inc. (AZEK) : Free Stock Analysis Report To read this article on Zacks.com click here. Although supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc. WSO, The AZEK Company Inc. AZEK and AAON, Inc. AAON have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment.
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Although supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc. WSO, The AZEK Company Inc. AZEK and AAON, Inc. AAON have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. AAON stock has gained 30.1% over the past year.
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Although supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc. WSO, The AZEK Company Inc. AZEK and AAON, Inc. AAON have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. AAON stock has gained 30.1% over the past year.
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2023-10-19 00:00:00 UTC
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AAON Unveils Alpha Class, Pioneering Sustainable HVAC Solutions
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https://www.nasdaq.com/articles/aaon-unveils-alpha-class-pioneering-sustainable-hvac-solutions
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AAON, Inc. AAON introduces its advanced lineup of high-performance air-source heat pumps, AAON Alpha Class. This marks a significant step toward addressing the growing demand for sustainable HVAC solutions in the building industry.
AAON Alpha Class sets a new commercial and industrial air-source heat pump performance standard. It accelerates the adoption of cleaner, more efficient technology, driving the decarbonization movement forward.
It ranges from two to 70 tons, offering exceptional versatility and industry-leading features. It addresses growing environmental and regulatory needs with variable speed compressor technology, electric or dual-fuel options, Dedicated Outdoor Air System, energy recovery, and low global warming potential refrigerant. Engineered for efficiency and lower emissions, it utilizes the renowned double-wall rigid polyurethane foam-injected panel construction, retaining heating and cooling energy within the building.
The company's technology, Alpha Class, stands out as an industry leader and dominates the heat pump sector. The AAON Alpha Class air-source heat pumps can operate reliably at lower temperatures, surpassing traditional heat pumps and offering higher heating capacities. It outperforms competitors, excelling in various climates and saving energy costs year-round. Tested down to zero degrees Fahrenheit, it is being enhanced to perform at sub-zero temperatures, ushering in a new era of innovation for the future.
Share Price Performance
Shares of the company rose 48.4% in the past year compared with the Zacks Building Products - Air Conditioner and Heating industry’s 60.7% growth. Strong volume growth and pipeline of projects will likely add to its growth in the upcoming periods. Also, better than expected backlog size and lead times bodes well.
Image Source: Zacks Investment Research
The company anticipates sequential sales and earnings improvement in the third quarter of 2023, driven by a larger backlog, enhanced margin profile, increased production capacity and improved productivity. The Zacks Consensus Estimate for AAON’s 2023 and 2024 earnings per share (EPS) suggests increases of 65.3% and 10.2%, respectively, from the year-ago period’s levels.
Zacks Rank & Key Picks
AAON currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks from the Zacks Construction sector are:
Construction Partners, Inc. ROAD sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. ROAD has a trailing four-quarter earnings surprise of 10.6% on average. Shares of ROAD have gained 35.4% in the past year.
The Zacks Consensus Estimate for ROAD’s 2023 sales and EPS indicates gains of 19.3% and 112.2%, respectively, from the year-ago period’s levels.
EMCOR Group, Inc. EME carries a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 17.2%, on average. Shares of EME have risen 57.4% in the past year.
The Zacks Consensus Estimate for EME’s 2023 sales and EPS suggests growth of 11.3% and 35.4%, respectively, from the year-ago period’s levels.
TopBuild Corp. BLD sports a Zacks Rank of #2 (Buy). It has a trailing four-quarter earnings surprise of 14.1%, on average. Shares of BLD have surged 49.7% in the past year.
The Zacks Consensus Estimate for BLD’s 2023 sales and EPS indicates gains of 3.3% and 8.4%, respectively, from the year-ago period’s levels.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows.
It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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EMCOR Group, Inc. (EME) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
TopBuild Corp. (BLD) : Free Stock Analysis Report
Construction Partners, Inc. (ROAD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON, Inc. AAON introduces its advanced lineup of high-performance air-source heat pumps, AAON Alpha Class. AAON Alpha Class sets a new commercial and industrial air-source heat pump performance standard. The AAON Alpha Class air-source heat pumps can operate reliably at lower temperatures, surpassing traditional heat pumps and offering higher heating capacities.
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Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report TopBuild Corp. (BLD) : Free Stock Analysis Report Construction Partners, Inc. (ROAD) : Free Stock Analysis Report To read this article on Zacks.com click here. AAON, Inc. AAON introduces its advanced lineup of high-performance air-source heat pumps, AAON Alpha Class. AAON Alpha Class sets a new commercial and industrial air-source heat pump performance standard.
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The Zacks Consensus Estimate for AAON’s 2023 and 2024 earnings per share (EPS) suggests increases of 65.3% and 10.2%, respectively, from the year-ago period’s levels. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report TopBuild Corp. (BLD) : Free Stock Analysis Report Construction Partners, Inc. (ROAD) : Free Stock Analysis Report To read this article on Zacks.com click here. AAON, Inc. AAON introduces its advanced lineup of high-performance air-source heat pumps, AAON Alpha Class.
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The Zacks Consensus Estimate for AAON’s 2023 and 2024 earnings per share (EPS) suggests increases of 65.3% and 10.2%, respectively, from the year-ago period’s levels. AAON, Inc. AAON introduces its advanced lineup of high-performance air-source heat pumps, AAON Alpha Class. AAON Alpha Class sets a new commercial and industrial air-source heat pump performance standard.
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2023-09-08 00:00:00 UTC
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Is AAON (AAON) Stock Outpacing Its Construction Peers This Year?
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https://www.nasdaq.com/articles/is-aaon-aaon-stock-outpacing-its-construction-peers-this-year-1
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For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Aaon (AAON) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Aaon is one of 99 companies in the Construction group. The Construction group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Aaon is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AAON's full-year earnings has moved 8.3% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AAON has moved about 30.8% on a year-to-date basis. In comparison, Construction companies have returned an average of 30%. This means that Aaon is outperforming the sector as a whole this year.
Another stock in the Construction sector, Lennar (LEN), has outperformed the sector so far this year. The stock's year-to-date return is 30.5%.
Over the past three months, Lennar's consensus EPS estimate for the current year has increased 29.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Aaon belongs to the Building Products - Air Conditioner and Heating industry, which includes 6 individual stocks and currently sits at #5 in the Zacks Industry Rank. On average, this group has gained an average of 51% so far this year, meaning that AAON is slightly underperforming its industry in terms of year-to-date returns.
Lennar, however, belongs to the Building Products - Home Builders industry. Currently, this 19-stock industry is ranked #4. The industry has moved +44.7% so far this year.
Going forward, investors interested in Construction stocks should continue to pay close attention to Aaon and Lennar as they could maintain their solid performance.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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AAON, Inc. (AAON) : Free Stock Analysis Report
Lennar Corporation (LEN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Going forward, investors interested in Construction stocks should continue to pay close attention to Aaon and Lennar as they could maintain their solid performance. Is Aaon (AAON) one of those stocks right now? Aaon is one of 99 companies in the Construction group.
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Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report Lennar Corporation (LEN) : Free Stock Analysis Report To read this article on Zacks.com click here. Is Aaon (AAON) one of those stocks right now? Aaon is one of 99 companies in the Construction group.
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Looking more specifically, Aaon belongs to the Building Products - Air Conditioner and Heating industry, which includes 6 individual stocks and currently sits at #5 in the Zacks Industry Rank. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report Lennar Corporation (LEN) : Free Stock Analysis Report To read this article on Zacks.com click here. Is Aaon (AAON) one of those stocks right now?
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Is Aaon (AAON) one of those stocks right now? Aaon is one of 99 companies in the Construction group. Aaon is currently sporting a Zacks Rank of #2 (Buy).
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2023-09-05 00:00:00 UTC
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Ex-Dividend Reminder: AAON, Waste Management and Canadian National Railway
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-aaon-waste-management-and-canadian-national-railway
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Looking at the universe of stocks we cover at Dividend Channel, on 9/7/23, AAON, Inc. (Symbol: AAON), Waste Management, Inc. (Symbol: WM), and Canadian National Railway Co (Symbol: CNI) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its quarterly dividend of $0.08 on 9/29/23, Waste Management, Inc. will pay its quarterly dividend of $0.70 on 9/22/23, and Canadian National Railway Co will pay its quarterly dividend of $0.79 on 9/29/23. As a percentage of AAON's recent stock price of $65.30, this dividend works out to approximately 0.12%, so look for shares of AAON, Inc. to trade 0.12% lower — all else being equal — when AAON shares open for trading on 9/7/23. Similarly, investors should look for WM to open 0.45% lower in price and for CNI to open 0.70% lower, all else being equal.
Below are dividend history charts for AAON, WM, and CNI, showing historical dividends prior to the most recent ones declared.
AAON, Inc. (Symbol: AAON):
Waste Management, Inc. (Symbol: WM):
Canadian National Railway Co (Symbol: CNI):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.49% for AAON, Inc., 1.80% for Waste Management, Inc., and 2.81% for Canadian National Railway Co.
In Tuesday trading, AAON, Inc. shares are currently down about 0.6%, Waste Management, Inc. shares are off about 1%, and Canadian National Railway Co shares are down about 0.7% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
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MGA YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If they do continue, the current estimated yields on annualized basis would be 0.49% for AAON, Inc., 1.80% for Waste Management, Inc., and 2.81% for Canadian National Railway Co. Looking at the universe of stocks we cover at Dividend Channel, on 9/7/23, AAON, Inc. (Symbol: AAON), Waste Management, Inc. (Symbol: WM), and Canadian National Railway Co (Symbol: CNI) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its quarterly dividend of $0.08 on 9/29/23, Waste Management, Inc. will pay its quarterly dividend of $0.70 on 9/22/23, and Canadian National Railway Co will pay its quarterly dividend of $0.79 on 9/29/23.
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Looking at the universe of stocks we cover at Dividend Channel, on 9/7/23, AAON, Inc. (Symbol: AAON), Waste Management, Inc. (Symbol: WM), and Canadian National Railway Co (Symbol: CNI) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its quarterly dividend of $0.08 on 9/29/23, Waste Management, Inc. will pay its quarterly dividend of $0.70 on 9/22/23, and Canadian National Railway Co will pay its quarterly dividend of $0.79 on 9/29/23. AAON, Inc. (Symbol: AAON): Waste Management, Inc. (Symbol: WM): Canadian National Railway Co (Symbol: CNI): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 9/7/23, AAON, Inc. (Symbol: AAON), Waste Management, Inc. (Symbol: WM), and Canadian National Railway Co (Symbol: CNI) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its quarterly dividend of $0.08 on 9/29/23, Waste Management, Inc. will pay its quarterly dividend of $0.70 on 9/22/23, and Canadian National Railway Co will pay its quarterly dividend of $0.79 on 9/29/23. AAON, Inc. (Symbol: AAON): Waste Management, Inc. (Symbol: WM): Canadian National Railway Co (Symbol: CNI): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of AAON's recent stock price of $65.30, this dividend works out to approximately 0.12%, so look for shares of AAON, Inc. to trade 0.12% lower — all else being equal — when AAON shares open for trading on 9/7/23. If they do continue, the current estimated yields on annualized basis would be 0.49% for AAON, Inc., 1.80% for Waste Management, Inc., and 2.81% for Canadian National Railway Co. Looking at the universe of stocks we cover at Dividend Channel, on 9/7/23, AAON, Inc. (Symbol: AAON), Waste Management, Inc. (Symbol: WM), and Canadian National Railway Co (Symbol: CNI) will all trade ex-dividend for their respective upcoming dividends.
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2023-08-30 00:00:00 UTC
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5 Stocks With Recent Dividend Hike Amid August Volatility
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https://www.nasdaq.com/articles/5-stocks-with-recent-dividend-hike-amid-august-volatility
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Wall Street suffered setbacks in the past three weeks after a smooth sail in the first seven months of 2023. Market participants remain uncertain up to what level the Fed will continue to hike its interest rate. Fed’s July FOMC meeting minutes clearly indicated that a majority of officials were in favor of pursuing the rate hike cycle as the inflation rate remains well above the central bank’s target level supported by resiliency in the labor market and consumer spending.
On Aug 25, at the Jackson Hole Annual Policy Symposium of the Fed, Chairman Jerome Powell warned that the inflation rate is still high despite steady progress in the past year. Consequently, the central bank is open for more hikes in the near future.
According to Powell, “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.”
Justifying chances of further interest rate hikes, Powell said, “The economy may not be cooling as expected. So far this year, GDP growth has come in above expectations and above its longer-run trend, and recent readings on consumer spending have been especially robust. In addition, after decelerating sharply over the past 18 months, the housing sector is showing signs of picking back up.”
Month to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — are down 2.3%, 3.% and 4.1%, respectively. The mid-cap benchmark S&P 400 and the small-cap benchmark Russell 2000 and the S&P 600 are also down 4.4%, 6.5% and 5.7%, respectively, in the same period.
Volatility is likely to continue in the near term as market participants remain cautious about the Fed FOMC meeting next month. Moreover, September is historically known as the worst-performing month on Wall Street.
Stocks to Watch
At this stage, dividend-paying stocks should be in demand as investors try to safeguard their portfolios. We believe that one should consider stocks that have recently raised their dividend payments.
Five such companies are — AAON Inc. AAON, First American Financial Corp. FAF, The Toronto-Dominion Bank TD, Royal Bank of Canada RY and NetEase Inc. NTES.
AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. AAON’s products serve the new construction and replacement markets. AAON has successfully gained market share through its semi-custom product lines, which offer the customer value, quality, function, serviceability and efficiency. AAON currently carries a Zacks Rank #2 (Buy).
On Aug 18, 2023, AAON declared that its shareholders would receive a dividend of $0.08 per share on Sep 29, 2023. It has a dividend yield of 0.5%. Over the past five years, AAON has increased its dividend two times, and its payout ratio presently stays at 18% of earnings. Check AAON’s dividend history here.
AAON, Inc. Dividend Yield (TTM)
AAON, Inc. dividend-yield-ttm | AAON, Inc. Quote
First American Financial should continue to benefit from strength in commercial business and increased demand among millennials for first-time home purchases. FAF has been actively pursuing acquisitions to strengthen its core business and expand its valuation and data businesses. First American Financial also expects increased demand among millennials for first-time home purchases. Growing direct premiums, escrow fees and agent premiums should drive revenues. FAF currently carries a Zacks Rank #3(Hold).
On Aug 22, 2023, First American Financial declared that its shareholders would receive a dividend of $0.53 per share on Sep 15, 2023. It has a dividend yield of 3.5%. Over the past five years, FAF has increased its dividend six times, and its payout ratio presently stays at 43% of earnings. Check FAF’s dividend history here.
First American Financial Corporation Dividend Yield (TTM)
First American Financial Corporation dividend-yield-ttm | First American Financial Corporation Quote
The Toronto-Dominion Bank is a Canadian chartered bank and offers a wide range of business and consumer services. TD’s services include checking and savings accounts, credit cards, mortgage and student loans, trusts, wills, estate planning, investment management services and financial and advisory services. TD currently carries a Zacks Rank #3.
On Aug 24, 2023, The Toronto-Dominion Bank declared that its shareholders would receive a dividend of $0.725 per share on Oct 31, 2023. It has a dividend yield of 4.9%. Over the past five years, TD has increased its dividend 14 times, and its payout ratio presently stays at 47% of earnings. Check TD’s dividend history here.
Toronto Dominion Bank (The) Dividend Yield (TTM)
Toronto Dominion Bank (The) dividend-yield-ttm | Toronto Dominion Bank (The) Quote
Royal Bank of Canada operates as a diversified financial service company worldwide. RY has five segments — Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services and Capital Markets. RY operate under the master brand name of RBC. RY currently carries a Zacks Rank #3.
On Aug 24, 2023, Royal Bank of Canada declared that its shareholders would receive a dividend of $1.019 per share on Nov 24, 2023. It has a dividend yield of 4.5%. Over the past five years, RY has increased its dividend 16 times, and its payout ratio presently stays at 48% of earnings. Check RY’s dividend history here.
Royal Bank Of Canada Dividend Yield (TTM)
Royal Bank Of Canada dividend-yield-ttm | Royal Bank Of Canada Quote
NetEase is an Internet technology company engaged in the development of applications, services and other technologies for the Internet in China. NTES provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides online advertising, community services, entertainment content, free e-mail services and micro-blogging services. NTES currently sports a Zacks #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
On Aug 24, 2023, NetEase declared that its shareholders would receive a dividend of $0.525 per share on Sep 22, 2023. It has a dividend yield of 2.1%. Over the past five years, NTES has increased its dividend 13 times, and its payout ratio presently stays at 33% of earnings. Check NTES’ dividend history here.
NetEase, Inc. Dividend Yield (TTM)
NetEase, Inc. dividend-yield-ttm | NetEase, Inc. Quote
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
First American Financial Corporation (FAF) : Free Stock Analysis Report
NetEase, Inc. (NTES) : Free Stock Analysis Report
Toronto Dominion Bank (The) (TD) : Free Stock Analysis Report
Royal Bank Of Canada (RY) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON has successfully gained market share through its semi-custom product lines, which offer the customer value, quality, function, serviceability and efficiency. Five such companies are — AAON Inc. AAON, First American Financial Corp. FAF, The Toronto-Dominion Bank TD, Royal Bank of Canada RY and NetEase Inc. NTES. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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Click to get this free report First American Financial Corporation (FAF) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Toronto Dominion Bank (The) (TD) : Free Stock Analysis Report Royal Bank Of Canada (RY) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report To read this article on Zacks.com click here. Five such companies are — AAON Inc. AAON, First American Financial Corp. FAF, The Toronto-Dominion Bank TD, Royal Bank of Canada RY and NetEase Inc. NTES. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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Click to get this free report First American Financial Corporation (FAF) : Free Stock Analysis Report NetEase, Inc. (NTES) : Free Stock Analysis Report Toronto Dominion Bank (The) (TD) : Free Stock Analysis Report Royal Bank Of Canada (RY) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report To read this article on Zacks.com click here. Five such companies are — AAON Inc. AAON, First American Financial Corp. FAF, The Toronto-Dominion Bank TD, Royal Bank of Canada RY and NetEase Inc. NTES. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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Five such companies are — AAON Inc. AAON, First American Financial Corp. FAF, The Toronto-Dominion Bank TD, Royal Bank of Canada RY and NetEase Inc. NTES. AAON, Inc. Dividend Yield (TTM) AAON, Inc. dividend-yield-ttm | AAON, Inc. Quote First American Financial should continue to benefit from strength in commercial business and increased demand among millennials for first-time home purchases. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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10355.0
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2023-08-22 00:00:00 UTC
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AAON Quantitative Stock Analysis - Peter Lynch
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AAON
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https://www.nasdaq.com/articles/aaon-quantitative-stock-analysis-peter-lynch
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Below is Validea's guru fundamental report for AAON INC (AAON). Of the 22 guru strategies we follow, AAON rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
AAON INC (AAON) is a mid-cap growth stock in the Misc. Capital Goods industry. The rating using this strategy is 87% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E/GROWTH RATIO: PASS
SALES AND P/E RATIO: PASS
INVENTORY TO SALES: PASS
EPS GROWTH RATE: PASS
TOTAL DEBT/EQUITY RATIO: PASS
FREE CASH FLOW: NEUTRAL
NET CASH POSITION: NEUTRAL
Detailed Analysis of AAON INC
AAON Guru Analysis
AAON Fundamental Analysis
More Information on Peter Lynch
Peter Lynch Portfolio
Top Peter Lynch Stocks
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
Financial Planning Podcast
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for AAON INC (AAON). Of the 22 guru strategies we follow, AAON rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. AAON INC (AAON) is a mid-cap growth stock in the Misc.
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Of the 22 guru strategies we follow, AAON rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Below is Validea's guru fundamental report for AAON INC (AAON).
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Of the 22 guru strategies we follow, AAON rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis More Information on Peter Lynch Peter Lynch Portfolio Top Peter Lynch Stocks About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Below is Validea's guru fundamental report for AAON INC (AAON).
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Below is Validea's guru fundamental report for AAON INC (AAON). Of the 22 guru strategies we follow, AAON rates highest using our P/E/Growth Investor model based on the published strategy of Peter Lynch. AAON INC (AAON) is a mid-cap growth stock in the Misc.
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10356.0
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2023-08-21 00:00:00 UTC
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3 Stocks From the Prospering Air Conditioner & Heating Industry
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AAON
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https://www.nasdaq.com/articles/3-stocks-from-the-prospering-air-conditioner-heating-industry
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The Zacks Building Products - Air Conditioner & Heating industry players are uniquely positioned to capitalize on the mega-trends and opportunities associated with the energy transition and the pro-environmental drive. The companies continue to experience growing demand for renewable generation and solutions in 2023 and beyond, creating significant growth opportunities. Although supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Comfort Systems USA, Inc. FIX, AAON, Inc. AAON and Tecogen Inc. TGEN have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. Also, the replacement of older systems to reduce electricity consumption and carbon footprint, as well as planned investments in technologies to capture more growth, is acting as a major tailwind for industry participants.
Industry Description
The Zacks Building Products - Air Conditioner & Heating industry comprises designers, manufacturers, and marketers of a broad range of products for heating, ventilation, air conditioning, and refrigeration markets. The products include rooftop units, chillers, air-handling units, condensing units and coils. The industry players also supply thermostats, insulation materials, refrigerants, grills, registers, sheet metal, tools, concrete pads, tape and adhesives. Air conditioning and heating equipment are sold in residential replacement, commercial and industrial HVAC (heating, ventilation and air conditioning), as well as residential new construction markets.
3 Trends Shaping the Future of the Air Conditioner & Heating Industry
U.S. Administration’s Pro-Environmental Moves: Reducing greenhouse gas emissions for a cleaner environmental footprint has been a major focus of the U.S. administration. Many industry participants remain engaged in supporting industries and facilities by selling and maintaining clean and efficient energy systems to reach their environmental goals for carbon reduction, while providing resiliency to grid outages. The companies are gaining from the fast-growing controlled-environment agriculture industry, courtesy of their consistent supply of clean cooling solutions. Overall, the companies are well-positioned to gain from the renewable energy drive of the pro-environmental U.S. administration. Meanwhile, the companies have been benefiting from an improvement in the residential and non-residential market, along with a rise in repair and remodeling activities.
Technology Augmentation & Inorganic Moves: Persistent investments in technologies designed to revolutionize customer experience seem vital for the industry. Digitization of the companies’ marketplace via e-commerce and iOS/Android-enabled apps, supported by a comprehensive database of product information, continues to see strong momentum. Importantly, new investments in the expansion of distribution, research and development projects, and marketing programs are contributing significantly to the companies’ top lines. The players are also actively pursuing accretive acquisitions to broaden their product portfolios and expand their geographic footprints, as well as market share. Meanwhile, services associated with maintaining, monitoring and repairing the existing equipment are providing industry participants with stable revenue sources. The industry generates a major share of revenues from these services, which consumers generally cannot suspend, even when the construction market fluctuates.
Supply-Chain Woes, Rising Costs, Regulations: Although supply-chain issues have somewhat eased in recent times, the same, along with rising raw material costs, have been causes of concern, hurting the profit margins of industry participants. Operating expenses of companies are rising due to the pandemic-led business challenges and sharp rises in variable operating expenses, including company-wide, performance-based compensation, and excessive logistics and freight costs. Meanwhile, the industry is susceptible to stringent governmental regulations on energy efficiency and gas emissions. HVAC systems use refrigerants for cooling, which is harmful to humans and the environment. Also, stiff competition and the impacts of seasonality on the industry’s revenues are significant risks.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Building Products - Air Conditioner & Heating industry is a six-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #5, which places it in the top 2% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of the positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group’s earnings growth potential. Since June 2023, the industry’s earnings estimates for 2023 have increased to $4.85 per share from $4.58.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Outperforms S&P 500, Sector
The Zacks Air Conditioner & Heating industry has outperformed the broader Zacks Construction sector and Zacks S&P 500 composite over the past year.
Over this period, the industry has gained 33.5% compared with the broader sector’s 26.9% rise. Meanwhile, the Zacks S&P 500 composite has gained 6% during the period.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing Air Conditioner and Heating stocks, the industry is currently trading at 28.1X versus the S&P 500’s 19X and the sector’s 14.8.
Over the past five years, the industry has traded as high as 40.2X, as low as 19.9X and at a median of 25.9X, as the chart below shows.
Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500
3 Air Conditioner and Heating Stocks to Buy Now
Below, we have discussed three stocks from the Zacks Air Conditioner & Heating universe with solid growth potential. The chosen companies currently sport a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Comfort Systems: Based in Houston, TX, the company is a national provider of comprehensive heating, ventilation and air conditioning installation, along with maintenance, repair and replacement services. The company’s mechanical operations and electrical segment have been performing well, benefiting from continued growth and solid performance in its modular business. A solid backlog level and substantial ongoing investments in training, productivity and technology are expected to drive growth. Overall positive trends, primarily in industrial, technology, and manufacturing markets served by the company, as well as accretive buyouts, are encouraging. The acquisitions have expanded its scale, increased recurring service revenues, and enhanced expertise in complex markets, including industrial, technology and life sciences.
Comfort Systems currently sports a Zacks Rank #1, which has gained 72.2% over the past year. The company is expected to witness 44.1% earnings growth in 2023. FIX has seen an upward estimate revision for 2023 earnings to $7.62 per share from $7.17 over the past 30 days. You can see the complete list of today’s Zacks #1 Rank stocks here.
Price and Consensus: FIX
AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. The company maintains a balance between new construction and replacement applications and is making the most of robust replacement demand, broadly across the non-residential building market. Moderating cost inflation and solid pricing have been aiding the company to deliver solid results.
AAON currently carries a Zacks Rank #2. The stock has gained 54.7% over the past year. AAON has seen an upward estimate revision for 2023 earnings to $2.05 per share from $1.89 over the past 30 days. The company’s earnings for 2023 are expected to grow 65.3%.
Price and Consensus: AAON
Tecogen: This Waltham, MA-based company is one of the leading manufacturers of clean energy products. Higher sales wing to the company’s strategic focus on key market segments such as controlled environment agriculture, healthcare and multifamily have been driving growth. TGEN’s chiller product, in particular, has seen significant penetration in the cannabis cultivation space. More than 45% of the company’s backlog is in this high-growth market.
TGEN, which currently carries a Zacks Rank #2, has lost 5.8% over the past year but gained 14% over the past six months. Also, TGEN has seen an upward estimate revision for 2023 earnings over the past 30 days.
Price and Consensus: TGEN
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Tecogen Inc. (TGEN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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FIX, AAON, Inc. AAON and Tecogen Inc. TGEN have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. AAON currently carries a Zacks Rank #2.
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Click to get this free report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Tecogen Inc. (TGEN) : Free Stock Analysis Report To read this article on Zacks.com click here. FIX, AAON, Inc. AAON and Tecogen Inc. TGEN have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment.
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FIX, AAON, Inc. AAON and Tecogen Inc. TGEN have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. AAON currently carries a Zacks Rank #2.
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FIX, AAON, Inc. AAON and Tecogen Inc. TGEN have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. AAON currently carries a Zacks Rank #2.
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10357.0
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2023-08-17 00:00:00 UTC
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This Stock-Split Stock Has Soared so Far in 2023 -- and Wall Street Thinks It Can Go a Lot Higher
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AAON
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https://www.nasdaq.com/articles/this-stock-split-stock-has-soared-so-far-in-2023-and-wall-street-thinks-it-can-go-a-lot
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You can read about some so-called "stock-split stocks" that conducted stock splits over a year ago. But the real stocks investors should watch are the ones that are splitting their stocks in the present, not the past.
AAON (NASDAQ: AAON) is a great example. The heating, ventilation, and air conditioning (HVAC) solutions leader conducted a 3-for-2 stock split on Aug. 16, 2023. This stock-split stock has soared nearly 25% so far this year. And Wall Street thinks it can go a lot higher.
Heating up
Stock splits are a relatively common occurrence for AAON. The company has conducted eight of them through the years, including a reverse stock split in 1993.
However, AAON's impressive gains in 2023 have nothing to do with its latest stock split. Instead, the stock has heated up because of a booming HVAC market.
For example, AAON announced record second-quarter results earlier this month. Its net sales jumped 36% year over year to an all-time high of $284 million. The company's earnings skyrocketed nearly 187% higher, helped a little by a one-time income tax benefit.
More room to run
The consensus 12-month price target for AAON reflects an upside potential of close to 18%. The most optimistic Wall Street analyst thinks that the stock can jump nearly 27%. Even the most pessimistic price target for the company is higher than the current share price.
We only have to look at AAON's Q2 update to understand, in part, why analysts think that stock has more room to run. The company's profit margins increased significantly. CEO Gary Fields said that management "anticipate[s] continued margin improvement."
The HVAC leader's investments in new manufacturing capacity are also paying off. AAON's backlog fell 12.3% sequentially in Q2. The company expects to work down the backlog even more in the second half of 2023.
Meanwhile, the demand for AAON's HVAC units is rising. Fields noted, "Our sales channel has never been stronger and our new marketing efforts will help continue to strengthen market penetration." The company also plans to launch its new Alpha Class air-source heat pumps in the third quarter, which should boost overall revenue.
What could cool AAON down
There are two key things that could potentially get in the way of AAON hitting Wall Street's consensus price target. None of them are within the company's control.
First, a big overall stock market pullback would likely weigh heavily on AAON's share price. The stock has a beta of 0.81 over the last five years, which means it's less volatile than the market, as a whole. However, the company would have a much harder time rising another 18% if the broader stock market is declining.
Second, AAON's valuation could make investors less eager to buy the stock. Currently, its shares trade at 31.4x projected 2023 earnings. By comparison, the S&P 500's forward earnings multiple is 18.8.
Wall Street seems to recognize that there could be some near-term risks. In July, three of the four analysts who cover AAON were surveyed by Refinitiv and rated the stock as a buy or strong buy, with only one recommending it as a hold. This month, all of the analysts surveyed by Refinitiv rate AAON as a hold -- despite having optimistic 12-month price targets.
Over the long term, analysts' views and stock splits don't matter for AAON. What does matter is the company's growth prospects. With factors such as climate change and the increased demand for data centers (which require significant cooling) serving as tailwinds, I predict that AAON will keep up its winning ways in the future.
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Keith Speights has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Aaon. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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With factors such as climate change and the increased demand for data centers (which require significant cooling) serving as tailwinds, I predict that AAON will keep up its winning ways in the future. AAON (NASDAQ: AAON) is a great example. Heating up Stock splits are a relatively common occurrence for AAON.
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More room to run The consensus 12-month price target for AAON reflects an upside potential of close to 18%. What could cool AAON down There are two key things that could potentially get in the way of AAON hitting Wall Street's consensus price target. This month, all of the analysts surveyed by Refinitiv rate AAON as a hold -- despite having optimistic 12-month price targets.
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10 stocks we like better than Aaon When our analyst team has a stock tip, it can pay to listen. AAON (NASDAQ: AAON) is a great example. Heating up Stock splits are a relatively common occurrence for AAON.
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Over the long term, analysts' views and stock splits don't matter for AAON. AAON (NASDAQ: AAON) is a great example. Heating up Stock splits are a relatively common occurrence for AAON.
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10358.0
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2023-07-25 00:00:00 UTC
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AAON Quantitative Stock Analysis
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AAON
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https://www.nasdaq.com/articles/aaon-quantitative-stock-analysis-0
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nan
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Below is Validea's guru fundamental report for AAON INC (AAON). Of the 22 guru strategies we follow, AAON rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
AAON INC (AAON) is a mid-cap growth stock in the Misc. Capital Goods industry. The rating using this strategy is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: FAIL
ADVERTISING TO ASSETS: PASS
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: FAIL
Detailed Analysis of AAON INC
AAON Guru Analysis
AAON Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
Top NASDAQ 100 Stocks
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
High Shareholder Yield Stocks
Financial Planning Podcast
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for AAON INC (AAON). Of the 22 guru strategies we follow, AAON rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. AAON INC (AAON) is a mid-cap growth stock in the Misc.
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Of the 22 guru strategies we follow, AAON rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Below is Validea's guru fundamental report for AAON INC (AAON).
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Of the 22 guru strategies we follow, AAON rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Below is Validea's guru fundamental report for AAON INC (AAON).
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Of the 22 guru strategies we follow, AAON rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Below is Validea's guru fundamental report for AAON INC (AAON).
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10359.0
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2023-07-10 00:00:00 UTC
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AAON's Three-For-Two Stock Split to Attract More Investors
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AAON
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https://www.nasdaq.com/articles/aaons-three-for-two-stock-split-to-attract-more-investors
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AAON, Inc.’s AAON board of directors declared a three-for-two stock split of its common stock in the form of a stock dividend. Each stockholder of record on Jul 28 is entitled to an additional share of common stock for each two shares they hold as of that date and cash will be paid in lieu of fractional shares.
AAON’s stock will begin trading on Aug 16 on the new split-adjusted basis.
Earlier, in 2014, the company had announced a three-for-two stock split of its common stock. The motive behind the stock split is to make the company’s stock more affordable to employees and investors. This, in turn, should push share prices up again.
Stock Performance
Shares of AAON surged by 2.33% on Jul 7 and 73.6% in the past year compared with the Zacks Building Products - Air Conditioner and Heating industry’s 55.9% growth. This Zacks Rank #3 (Hold) company has remained stable at $2.84 over the past 60 days, reflecting 52.7% year-over-year growth.
AAON engineers, manufactures and markets air conditioning and heating equipment. The company maintains a balance between new construction and replacement applications and is making the most of robust replacement demand broadly across the non-residential building market.
Despite inflationary cost pressures, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON. While supply-chain issues and inflation caused similar issues, BasX has been flexible in adapting to changes and challenges.
In first-quarter 2023, the company posted organic sales growth of 45.5% year over year, with volumes driving a 23.5% improvement. Gross margin also expanded 380 basis points on improved pricing, moderating cost inflation and production output.
EBITDA and earnings per share (EPS) increased by a whopping 81.3% and 103%, respectively, from the previous year. Encouragingly, backlog at quarter-end was up 30% year over year. EPS growth was the second-highest quarterly improvement in the company’s history.
For 2023, the company expects pricing to contribute in low double-digit growth in sales. Also, gross margin is likely to outpace the previous year’s numbers in each quarter. AAON also targets solid backlog and order trends in the second quarter. Moreover, EPS is also expected to grow in the second and third quarters.
Stocks to Consider
Quanta Services Inc. PWR is a leading national provider of specialty contracting services and one of the largest contractors serving the transmission and distribution sector of the North American electric utility industry. The company has been capitalizing on megatrends to lead the energy transition and enable technological development. Initiatives toward a reduced-carbon economy continue to drive demand for PWR’s services and depict incremental growth opportunities.
PWR currently carries a Zacks Rank #2 (Buy). Its earnings for 2023 are expected to grow by 10.6%. The consensus mark for PWR’s 2023 earnings has remained stable at $7.01 in the past 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Gates Industrial Corporation plc GTES manufactures engineered power transmission and fluid power solutions.
GTES currently carries a Zacks Rank #2. Its expected earnings growth rate for 2023 is 3.5%. The consensus mark for GTES’ 2023 earnings has moved north to $1.18 per share from $1.17 in the past 60 days.
Howmet Aerospace, Inc. HWM is a global manufacturer of engineered products serving the aerospace, defense and commercial transportation industries. The company is expected to benefit from higher aircraft production rates and ease of supply chains in the transportation market.
Howmet Aerospace currently carries a Zacks Rank #2. HWM’s earnings for 2023 are expected to grow by 20.7%. The consensus mark for HWM’s 2023 earnings has moved north to $1.69 per share from $1.64 in the past 60 days.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Quanta Services, Inc. (PWR) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Gates Industrial Corporation PLC (GTES) : Free Stock Analysis Report
Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stock Performance Shares of AAON surged by 2.33% on Jul 7 and 73.6% in the past year compared with the Zacks Building Products - Air Conditioner and Heating industry’s 55.9% growth. AAON, Inc.’s AAON board of directors declared a three-for-two stock split of its common stock in the form of a stock dividend. AAON’s stock will begin trading on Aug 16 on the new split-adjusted basis.
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Click to get this free report Quanta Services, Inc. (PWR) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Gates Industrial Corporation PLC (GTES) : Free Stock Analysis Report Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report To read this article on Zacks.com click here. AAON, Inc.’s AAON board of directors declared a three-for-two stock split of its common stock in the form of a stock dividend. AAON’s stock will begin trading on Aug 16 on the new split-adjusted basis.
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AAON, Inc.’s AAON board of directors declared a three-for-two stock split of its common stock in the form of a stock dividend. Stock Performance Shares of AAON surged by 2.33% on Jul 7 and 73.6% in the past year compared with the Zacks Building Products - Air Conditioner and Heating industry’s 55.9% growth. Click to get this free report Quanta Services, Inc. (PWR) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Gates Industrial Corporation PLC (GTES) : Free Stock Analysis Report Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report To read this article on Zacks.com click here.
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AAON, Inc.’s AAON board of directors declared a three-for-two stock split of its common stock in the form of a stock dividend. AAON’s stock will begin trading on Aug 16 on the new split-adjusted basis. Stock Performance Shares of AAON surged by 2.33% on Jul 7 and 73.6% in the past year compared with the Zacks Building Products - Air Conditioner and Heating industry’s 55.9% growth.
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10360.0
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2023-07-07 00:00:00 UTC
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AAON Declares Three-for-two Share Split; Stock Up In Pre-market
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AAON
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https://www.nasdaq.com/articles/aaon-declares-three-for-two-share-split-stock-up-in-pre-market
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(RTTNews) - AAON, INC. (AAON), a heating, ventilation, and air conditioning solutions provider, on Friday announced a three-for-two share split, to be paid in the form of a dividend on August 16.
Following the news, AAON is trading up by 3.10 percent at $95.15 per share in the pre-market trading on the Nasdaq.
Shareholders of record on July 28 will receive one additional share for every two shares they hold. With this, the company expects that the number of shares outstanding will increase from around 54.4 million to approximately 81.6 million.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - AAON, INC. (AAON), a heating, ventilation, and air conditioning solutions provider, on Friday announced a three-for-two share split, to be paid in the form of a dividend on August 16. Following the news, AAON is trading up by 3.10 percent at $95.15 per share in the pre-market trading on the Nasdaq. With this, the company expects that the number of shares outstanding will increase from around 54.4 million to approximately 81.6 million.
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(RTTNews) - AAON, INC. (AAON), a heating, ventilation, and air conditioning solutions provider, on Friday announced a three-for-two share split, to be paid in the form of a dividend on August 16. Following the news, AAON is trading up by 3.10 percent at $95.15 per share in the pre-market trading on the Nasdaq. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - AAON, INC. (AAON), a heating, ventilation, and air conditioning solutions provider, on Friday announced a three-for-two share split, to be paid in the form of a dividend on August 16. Following the news, AAON is trading up by 3.10 percent at $95.15 per share in the pre-market trading on the Nasdaq. Shareholders of record on July 28 will receive one additional share for every two shares they hold.
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(RTTNews) - AAON, INC. (AAON), a heating, ventilation, and air conditioning solutions provider, on Friday announced a three-for-two share split, to be paid in the form of a dividend on August 16. Following the news, AAON is trading up by 3.10 percent at $95.15 per share in the pre-market trading on the Nasdaq. Shareholders of record on July 28 will receive one additional share for every two shares they hold.
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10361.0
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2023-06-27 00:00:00 UTC
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AAON Quantitative Stock Analysis
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AAON
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https://www.nasdaq.com/articles/aaon-quantitative-stock-analysis
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Below is Validea's guru fundamental report for AAON INC (AAON). Of the 22 guru strategies we follow, AAON rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
AAON INC (AAON) is a mid-cap growth stock in the Misc. Capital Goods industry. The rating using this strategy is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS: PASS
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS
RETURN ON ASSETS VARIANCE: PASS
SALES VARIANCE: FAIL
ADVERTISING TO ASSETS: PASS
CAPITAL EXPENDITURES TO ASSETS: PASS
RESEARCH AND DEVELOPMENT TO ASSETS: FAIL
Detailed Analysis of AAON INC
AAON Guru Analysis
AAON Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for AAON INC (AAON). Of the 22 guru strategies we follow, AAON rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. AAON INC (AAON) is a mid-cap growth stock in the Misc.
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Of the 22 guru strategies we follow, AAON rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Below is Validea's guru fundamental report for AAON INC (AAON).
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Of the 22 guru strategies we follow, AAON rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Below is Validea's guru fundamental report for AAON INC (AAON).
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Of the 22 guru strategies we follow, AAON rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Below is Validea's guru fundamental report for AAON INC (AAON).
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10362.0
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2023-06-16 00:00:00 UTC
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Is AAON (AAON) Outperforming Other Construction Stocks This Year?
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AAON
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https://www.nasdaq.com/articles/is-aaon-aaon-outperforming-other-construction-stocks-this-year-1
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The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
Aaon is a member of our Construction group, which includes 96 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Aaon is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AAON's full-year earnings has moved 6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, AAON has gained about 24.6% so far this year. Meanwhile, stocks in the Construction group have gained about 24% on average. As we can see, Aaon is performing better than its sector in the calendar year.
Another stock in the Construction sector, D.R. Horton (DHI), has outperformed the sector so far this year. The stock's year-to-date return is 29.5%.
The consensus estimate for D.R. Horton's current year EPS has increased 23.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Aaon belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 6 individual companies and currently sits at #27 in the Zacks Industry Rank. Stocks in this group have gained about 38.6% so far this year, so AAON is slightly underperforming its industry this group in terms of year-to-date returns.
In contrast, D.R. Horton falls under the Building Products - Home Builders industry. Currently, this industry has 19 stocks and is ranked #16. Since the beginning of the year, the industry has moved +39.7%.
Aaon and D.R. Horton could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON, Inc. (AAON) : Free Stock Analysis Report
D.R. Horton, Inc. (DHI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaon is a member of our Construction group, which includes 96 different companies and currently sits at #1 in the Zacks Sector Rank. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Aaon is currently sporting a Zacks Rank of #2 (Buy).
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To break things down more, Aaon belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 6 individual companies and currently sits at #27 in the Zacks Industry Rank. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report D.R. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole?
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To break things down more, Aaon belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 6 individual companies and currently sits at #27 in the Zacks Industry Rank. Stocks in this group have gained about 38.6% so far this year, so AAON is slightly underperforming its industry this group in terms of year-to-date returns. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole?
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Stocks in this group have gained about 38.6% so far this year, so AAON is slightly underperforming its industry this group in terms of year-to-date returns. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Aaon is a member of our Construction group, which includes 96 different companies and currently sits at #1 in the Zacks Sector Rank.
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10363.0
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2023-06-06 00:00:00 UTC
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Ex-Dividend Reminder: AAON, Fidelity National Information Services and ICF International
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AAON
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-aaon-fidelity-national-information-services-and-icf-international
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 6/8/23, AAON, Inc. (Symbol: AAON), Fidelity National Information Services Inc (Symbol: FIS), and ICF International Inc (Symbol: ICFI) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its quarterly dividend of $0.12 on 6/30/23, Fidelity National Information Services Inc will pay its quarterly dividend of $0.52 on 6/23/23, and ICF International Inc will pay its quarterly dividend of $0.14 on 7/14/23. As a percentage of AAON's recent stock price of $90.82, this dividend works out to approximately 0.13%, so look for shares of AAON, Inc. to trade 0.13% lower — all else being equal — when AAON shares open for trading on 6/8/23. Similarly, investors should look for FIS to open 0.95% lower in price and for ICFI to open 0.12% lower, all else being equal.
Below are dividend history charts for AAON, FIS, and ICFI, showing historical dividends prior to the most recent ones declared.
AAON, Inc. (Symbol: AAON):
Fidelity National Information Services Inc (Symbol: FIS):
ICF International Inc (Symbol: ICFI):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.53% for AAON, Inc., 3.80% for Fidelity National Information Services Inc, and 0.48% for ICF International Inc.
In Tuesday trading, AAON, Inc. shares are currently down about 0.4%, Fidelity National Information Services Inc shares are trading flat, and ICF International Inc shares are off about 0.8% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If they do continue, the current estimated yields on annualized basis would be 0.53% for AAON, Inc., 3.80% for Fidelity National Information Services Inc, and 0.48% for ICF International Inc. Looking at the universe of stocks we cover at Dividend Channel, on 6/8/23, AAON, Inc. (Symbol: AAON), Fidelity National Information Services Inc (Symbol: FIS), and ICF International Inc (Symbol: ICFI) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its quarterly dividend of $0.12 on 6/30/23, Fidelity National Information Services Inc will pay its quarterly dividend of $0.52 on 6/23/23, and ICF International Inc will pay its quarterly dividend of $0.14 on 7/14/23.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/8/23, AAON, Inc. (Symbol: AAON), Fidelity National Information Services Inc (Symbol: FIS), and ICF International Inc (Symbol: ICFI) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its quarterly dividend of $0.12 on 6/30/23, Fidelity National Information Services Inc will pay its quarterly dividend of $0.52 on 6/23/23, and ICF International Inc will pay its quarterly dividend of $0.14 on 7/14/23. AAON, Inc. (Symbol: AAON): Fidelity National Information Services Inc (Symbol: FIS): ICF International Inc (Symbol: ICFI): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 6/8/23, AAON, Inc. (Symbol: AAON), Fidelity National Information Services Inc (Symbol: FIS), and ICF International Inc (Symbol: ICFI) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its quarterly dividend of $0.12 on 6/30/23, Fidelity National Information Services Inc will pay its quarterly dividend of $0.52 on 6/23/23, and ICF International Inc will pay its quarterly dividend of $0.14 on 7/14/23. AAON, Inc. (Symbol: AAON): Fidelity National Information Services Inc (Symbol: FIS): ICF International Inc (Symbol: ICFI): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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As a percentage of AAON's recent stock price of $90.82, this dividend works out to approximately 0.13%, so look for shares of AAON, Inc. to trade 0.13% lower — all else being equal — when AAON shares open for trading on 6/8/23. If they do continue, the current estimated yields on annualized basis would be 0.53% for AAON, Inc., 3.80% for Fidelity National Information Services Inc, and 0.48% for ICF International Inc. Looking at the universe of stocks we cover at Dividend Channel, on 6/8/23, AAON, Inc. (Symbol: AAON), Fidelity National Information Services Inc (Symbol: FIS), and ICF International Inc (Symbol: ICFI) will all trade ex-dividend for their respective upcoming dividends.
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10364.0
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2023-06-01 00:00:00 UTC
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3 Dividend Stocks That Are Raising Their Payouts
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AAON
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https://www.nasdaq.com/articles/3-dividend-stocks-that-are-raising-their-payouts
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
When it comes to dividend stocks increasing payouts, most investors think of the dividend aristocrats. These companies have increased their annual dividend payments for 25 years or longer.
However, out of the 503 companies in the S&P 500, only 66 names make the cut. It’s an exclusive club, to be sure. The problem is that dividends are no longer the big deal they once were. As the Washington Post observed in February, “For index members, buybacks have exceeded dividends in every quarter but two since 2010.”
There are many reasons for this which I won’t get into, or we would be here all day. For now, lets take a look at some of the best dividend growth stocks the S&P 500 has to offer.
Symbol Company Price
AAON Aaon Inc. $86.61
ESAB ESAB Corp. $58.72
MAR Marriott International $167.79
Aaon (AAON)
Source: TDKvisuals / Shutterstock.com
Aaon (NASDAQ:AAON) used to pay a semi-annual dividend in July and December. However, in March the HVAC solutions provider switched to a quarterly payment of 12 cents, or 48 cents for the year. This change meant an increase of 20% for shareholders in the annual dividend rate when compared to 2022.
In early May, Aaon reported Q1 2023 results that included a 45.5% increase in sales, to a record $266 million. On the bottom line, its net income increased 103.9% to $36.8 million, up from $18 million in 2022.
“We posted a fifth straight quarter of record sales. At the same time, our backlog continued to grow to record levels. Our bookings are still very strong and continue to grow, even when excluding the impact of price increases,” stated CEO Gary Fields.
AAON stock is up 18% in 2023 and 65% YOY.
ESAB (ESAB)
Source: Hieronymus Ukkel / Shutterstock.com
ESAB (NYSE:ESAB) provides welding and cutting products and solutions for many industries, including shipbuilding, pipelines and wind energy. The company’s history dates back to 1904. However, it only became ESAB in April 2022 when it was separated from its former parent, Colfax, which was renamed Enovis (NYSE:ENOV).
On May 11, the company announced it would increase its quarterly cash dividend to 6 cents a share with the July 2023 payment, 20% higher than the previous amount. The annual payment of 24 cents yields 0.40%. It’s important to remember the increase is more important than the yield.
When ESAB reported its Q1 2023 results, it raised its full-year 2023 outlook. It now expects 5.0% core sales growth for the year at the midpoint of its guidance, with earnings per share of $3.95.
Marriott International (MAR)
Source: Boyloso / Shutterstock
Marriott International (NASDAQ:MAR) was one of the many travel-related public companies that suspended their quarterly dividend during the pandemic. The hotel operator then resumed its dividend in June 2022 with a 30-cent quarterly payout.
With the June 2023 payment, Marriott is increasing its quarterly payment by 30% to 52 cents. That’s 4 cents higher than its quarterly payment immediately before it suspended its dividend in 2020.
Despite the company’s growth story over the next few years, analysts are decidedly lukewarm about Marriott’s prospects. Of the 23 analysts who cover its stock, only seven rate it outperform or an outright buy.
While analysts might be skeptical, I’m not. Its median target price of $187 is 11% higher than where it’s currently trading. Additionally, the company raised its guidance for the year. It increased its revenue per available room worldwide to growth of 10-13% with adjusted EPS of $8.20 a share at the midpoint.
Marriott will do just fine in the second half of 2023.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.
The post 3 Dividend Stocks That Are Raising Their Payouts appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Symbol Company Price AAON Aaon Inc. $86.61 ESAB ESAB Corp. $58.72 MAR Marriott International $167.79 Aaon (AAON) Source: TDKvisuals / Shutterstock.com Aaon (NASDAQ:AAON) used to pay a semi-annual dividend in July and December. In early May, Aaon reported Q1 2023 results that included a 45.5% increase in sales, to a record $266 million. AAON stock is up 18% in 2023 and 65% YOY.
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Symbol Company Price AAON Aaon Inc. $86.61 ESAB ESAB Corp. $58.72 MAR Marriott International $167.79 Aaon (AAON) Source: TDKvisuals / Shutterstock.com Aaon (NASDAQ:AAON) used to pay a semi-annual dividend in July and December. In early May, Aaon reported Q1 2023 results that included a 45.5% increase in sales, to a record $266 million. AAON stock is up 18% in 2023 and 65% YOY.
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Symbol Company Price AAON Aaon Inc. $86.61 ESAB ESAB Corp. $58.72 MAR Marriott International $167.79 Aaon (AAON) Source: TDKvisuals / Shutterstock.com Aaon (NASDAQ:AAON) used to pay a semi-annual dividend in July and December. In early May, Aaon reported Q1 2023 results that included a 45.5% increase in sales, to a record $266 million. AAON stock is up 18% in 2023 and 65% YOY.
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Symbol Company Price AAON Aaon Inc. $86.61 ESAB ESAB Corp. $58.72 MAR Marriott International $167.79 Aaon (AAON) Source: TDKvisuals / Shutterstock.com Aaon (NASDAQ:AAON) used to pay a semi-annual dividend in July and December. In early May, Aaon reported Q1 2023 results that included a 45.5% increase in sales, to a record $266 million. AAON stock is up 18% in 2023 and 65% YOY.
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10365.0
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2023-05-31 00:00:00 UTC
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Are Construction Stocks Lagging AAON (AAON) This Year?
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AAON
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https://www.nasdaq.com/articles/are-construction-stocks-lagging-aaon-aaon-this-year-0
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nan
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Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Aaon (AAON) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
Aaon is one of 96 individual stocks in the Construction sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Aaon is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAON's full-year earnings has moved 6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AAON has returned about 17.3% since the start of the calendar year. Meanwhile, the Construction sector has returned an average of 13.5% on a year-to-date basis. This means that Aaon is outperforming the sector as a whole this year.
Another stock in the Construction sector, D.R. Horton (DHI), has outperformed the sector so far this year. The stock's year-to-date return is 20.5%.
Over the past three months, D.R. Horton's consensus EPS estimate for the current year has increased 23.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Aaon belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 6 individual stocks and currently sits at #19 in the Zacks Industry Rank. On average, this group has gained an average of 27% so far this year, meaning that AAON is slightly underperforming its industry in terms of year-to-date returns.
In contrast, D.R. Horton falls under the Building Products - Home Builders industry. Currently, this industry has 19 stocks and is ranked #7. Since the beginning of the year, the industry has moved +27.9%.
Aaon and D.R. Horton could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON, Inc. (AAON) : Free Stock Analysis Report
D.R. Horton, Inc. (DHI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Over the past 90 days, the Zacks Consensus Estimate for AAON's full-year earnings has moved 6% higher. Is Aaon (AAON) one of those stocks right now? Aaon is one of 96 individual stocks in the Construction sector.
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Over the past 90 days, the Zacks Consensus Estimate for AAON's full-year earnings has moved 6% higher. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report D.R. Is Aaon (AAON) one of those stocks right now?
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Looking more specifically, Aaon belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 6 individual stocks and currently sits at #19 in the Zacks Industry Rank. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report D.R. Is Aaon (AAON) one of those stocks right now?
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Over the past 90 days, the Zacks Consensus Estimate for AAON's full-year earnings has moved 6% higher. This means that Aaon is outperforming the sector as a whole this year. Is Aaon (AAON) one of those stocks right now?
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10366.0
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2023-05-24 00:00:00 UTC
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4 Stocks to Watch on Dividend Hikes as Market Volatility Continues
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AAON
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https://www.nasdaq.com/articles/4-stocks-to-watch-on-dividend-hikes-as-market-volatility-continues
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nan
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Markets have been volatile over the past month, with stocks struggling for direction as investors are unable to gauge the Fed’s plans with its interest rate hike policy. Fears of a recession at the end of this year have been looming large, further making market participants jittery.
The Fed hiked interest rates by 25 basis points in its May meeting to a range of 5-5.25%. Inflation, on the other hand, has started signs of easing lately, with the Consumer Price Index (CPI) rising 4.9% year over year in April compared with a 5% rise in March. This is the lowest annual rate since April 2021.
Impressive inflation data has raised hopes that the Fed might finally halt its interest rate hikes, which could begin as early as in June when the central bank officials meet for its two-day policy meeting.
However, investors are yet to get a clear picture of the Fed’s future course of action as officials in its May meeting said that it would make a decision based on the data that comes in. Although inflation has started showing signs of easing, it’s still a lot higher than the Fed’s target level of 2%.
The U.S. economy has been slowing as multi-year-high interest rates continue to cripple industries. U.S. GDP grew a moderate 1.1% in the first quarter of 2023 compared with the consensus estimate of 2% growth.
The manufacturing sector has largely been impacted by rising rates, which is taking its toll on the economy. Although the ISM manufacturing PMI improved to 47.1 in April, the sector has been contracting for several months. In fact, the manufacturing sector declined to a three-year low in April, which speaks a lot about the economy’s health.
Stocks in Focus
Given this situation, betting on dividend-paying stocks would be a wise decision. Dividend stocks with a solid business plan and a proven track record are known for handling market volatility. An astute investor should thus consider stocks that have recently raised their dividend payments. Five such companies are LyondellBasell Industries N.V. LYB, AAON, Inc. AAON, SL Green Realty Corp. SLG and Advanced Drainage Systems, Inc. WMS.
LyondellBasell Industries N.V. is among the leading plastics, chemical and refining companies globally, with operations across 18 countries. LYB’s products are used across various industries, including electronics, automotive parts, packaging, construction materials and biofuels.
On May 19, LyondellBasell Industries announced that its shareholders would receive a dividend of $1.25 a share on Jun 6, 2023. LYB has a dividend yield of 5.25%. Over the past five years, LyondellBasell Industries has increased its dividend four times, and its payout ratio at present sits at 44% of earnings. Check LyondellBasell Industries’ dividend history here.
LyondellBasell Industries N.V. Dividend Yield (TTM)
LyondellBasell Industries N.V. dividend-yield-ttm | LyondellBasell Industries N.V. Quote
AAON, Inc. is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. AAON’s products serve the new construction and replacement markets. AAON, Inc. has successfully gained market share through its semi-custom product lines, which offer customers value, quality, function, serviceability and efficiency. AAON Allen has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
On May 18, AAON, Inc. declared that its shareholders would receive a dividend of $0.12 a share on Jun 30, 2023. AAON has a dividend yield of 0.53%. Over the past five years, AAON, Inc. has increased its dividend three times, and its payout ratio at present sits at 22% of earnings. Check AAON, Inc.’s dividend history here.
AAON, Inc. Dividend Yield (TTM)
AAON, Inc. dividend-yield-ttm | AAON, Inc. Quote
SL Green Realty Corp. dominates the office real estate market of New York. SLG primarily acquires, manages, develops and leases commercial (mainly office) and residential real estate properties in the New York Metropolitan area, especially midtown Manhattan. SL Green Realtyinvestments located outside of Manhattan are known as suburban properties.
On May 18, SL Green Realty announced that its shareholders would receive a dividend of $0.27 a share on Jun 15, 2023. SLG has a dividend yield of 13.91%. Over the past five years, SL Green Realty has increased its dividend four times, and its payout ratio at present sits at 50% of earnings. Check SL Green Realty’s dividend history here.
SL Green Realty Corporation Dividend Yield (TTM)
SL Green Realty Corporation dividend-yield-ttm | SL Green Realty Corporation Quote
Advanced Drainage Systems, Inc. is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. WMS provides single, double and triple-wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators.
On May 18, Advanced Drainage Systems declared that its shareholders would receive a dividend of $0.14 a share on Jun 15, 2023. WMS has a dividend yield of 0.50%. Over the past five years, Advanced Drainage Systems has increased its dividend five times, and its payout ratio at present sits at 8% of earnings. Check Advanced Drainage Systems’ dividend history here.
Advanced Drainage Systems, Inc. Dividend Yield (TTM)
Advanced Drainage Systems, Inc. dividend-yield-ttm | Advanced Drainage Systems, Inc. Quote
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Advanced Drainage Systems, Inc. (WMS) : Free Stock Analysis Report
SL Green Realty Corporation (SLG) : Free Stock Analysis Report
LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAON, Inc. has successfully gained market share through its semi-custom product lines, which offer customers value, quality, function, serviceability and efficiency. Five such companies are LyondellBasell Industries N.V. LYB, AAON, Inc. AAON, SL Green Realty Corp. SLG and Advanced Drainage Systems, Inc. WMS. LyondellBasell Industries N.V. Dividend Yield (TTM) LyondellBasell Industries N.V. dividend-yield-ttm | LyondellBasell Industries N.V. Quote AAON, Inc. is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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Click to get this free report Advanced Drainage Systems, Inc. (WMS) : Free Stock Analysis Report SL Green Realty Corporation (SLG) : Free Stock Analysis Report LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report To read this article on Zacks.com click here. Five such companies are LyondellBasell Industries N.V. LYB, AAON, Inc. AAON, SL Green Realty Corp. SLG and Advanced Drainage Systems, Inc. WMS. LyondellBasell Industries N.V. Dividend Yield (TTM) LyondellBasell Industries N.V. dividend-yield-ttm | LyondellBasell Industries N.V. Quote AAON, Inc. is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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Click to get this free report Advanced Drainage Systems, Inc. (WMS) : Free Stock Analysis Report SL Green Realty Corporation (SLG) : Free Stock Analysis Report LyondellBasell Industries N.V. (LYB) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report To read this article on Zacks.com click here. Five such companies are LyondellBasell Industries N.V. LYB, AAON, Inc. AAON, SL Green Realty Corp. SLG and Advanced Drainage Systems, Inc. WMS. LyondellBasell Industries N.V. Dividend Yield (TTM) LyondellBasell Industries N.V. dividend-yield-ttm | LyondellBasell Industries N.V. Quote AAON, Inc. is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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Five such companies are LyondellBasell Industries N.V. LYB, AAON, Inc. AAON, SL Green Realty Corp. SLG and Advanced Drainage Systems, Inc. WMS. AAON, Inc. Dividend Yield (TTM) AAON, Inc. dividend-yield-ttm | AAON, Inc. Quote SL Green Realty Corp. dominates the office real estate market of New York. LyondellBasell Industries N.V. Dividend Yield (TTM) LyondellBasell Industries N.V. dividend-yield-ttm | LyondellBasell Industries N.V. Quote AAON, Inc. is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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2023-05-19 00:00:00 UTC
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Zacks Industry Outlook Highlights Watsco, Comfort Systems USA and AAON
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AAON
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-watsco-comfort-systems-usa-and-aaon
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For Immediate Release
Chicago, IL – May 19, 2023 – Today, Zacks Equity Research discusses Watsco, Inc. WSO, Comfort Systems USA, Inc. FIX and AAON, Inc. AAON.
Industry: Air Conditioning & Heating
Link: https://www.zacks.com/commentary/2096480/3-air-conditioner-heating-stocks-to-buy-from-a-thriving-industry
The Zacks Building Products - Air Conditioner & Heating industry players are uniquely positioned to capitalize on the mega-trends and opportunities associated with the energy transition and the pro-environmental drive. The companies continue to experience growing demand for renewable generation and solutions in 2023 and beyond, creating significant growth opportunities.
Although the housing market slowdown, supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc., Comfort Systems USA, Inc. and AAON, Inc. have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. Also, the replacement of older systems to reduce electricity consumption and carbon footprint, as well as planned investments in technologies to capture more growth, is acting as a major tailwind for industry participants.
Industry Description
The Zacks Building Products - Air Conditioner & Heating industry comprises designers, manufacturers, and marketers of a broad range of products for heating, ventilation, air conditioning, and refrigeration markets. The products include rooftop units, chillers, air-handling units, condensing units and coils.
The industry players also supply thermostats, insulation materials, refrigerants, grills, registers, sheet metal, tools, concrete pads, tape and adhesives. Air conditioning and heating equipment are sold in residential replacement, commercial and industrial HVAC (heating, ventilation and air conditioning), as well as residential new construction markets.
3 Trends Shaping the Future of the Air Conditioner & Heating Industry
U.S. Administration's Pro-Environmental Moves: Reducing greenhouse gas emissions for a cleaner environmental footprint has been a major focus of the U.S. administration. Many industry participants remain engaged in supporting industries and facilities by selling and maintaining clean and efficient energy systems to reach their environmental goals for carbon reduction, while providing resiliency to grid outages. The companies are gaining from the fast-growing controlled-environment agriculture industry, courtesy of their consistent supply of clean cooling solutions.
Overall, the companies are well-positioned to gain from the renewable energy drive of the pro-environmental U.S. administration. Meanwhile, the companies have been benefiting from an improvement in the non-residential market, along with a rise in repair and remodeling activities.
Technology Augmentation & Inorganic Moves: Persistent investments in technologies designed to revolutionize customer experience seem vital for the industry. Digitization of the companies' marketplace via e-commerce and iOS/Android-enabled apps, supported by a comprehensive database of product information, continues to see strong momentum. Importantly, new investments in the expansion of distribution, research and development projects, and marketing programs are contributing significantly to the companies' top lines.
The players are also actively pursuing accretive acquisitions to broaden their product portfolios and expand their geographic footprints, as well as market share. Meanwhile, services associated with maintaining, monitoring and repairing the existing equipment are providing industry participants with stable revenue sources. The industry generates a major share of revenues from these services, which consumers generally cannot suspend, even when the construction market fluctuates.
Housing Market Slowdown, Supply-Chain Woes, Rising Costs, Regulations: The recent slowdown in the U.S. housing market has been impacting the demand for industry players' products. Presently, the outlook for the housing industry is less favorable than the last couple of years due to several ongoing headwinds, such as a rapid increase in mortgage rates, housing affordability challenges, high inflation and growing concerns about the economy.
Meanwhile, supply-chain disruptions and rising raw material costs have been hurting the profit margins of industry participants. Supply-chain constraints remain a key issue, resulting in inefficiencies and larger inventory. Operating expenses of companies are rising due to the pandemic-led business challenges and sharp rises in variable operating expenses, including company-wide, performance-based compensation, and excessive logistics and freight costs.
The industry is susceptible to stringent governmental regulations on energy efficiency and gas emissions. HVAC systems use refrigerants for cooling, which is harmful to humans and the environment. Also, stiff competition and the impacts of seasonality on the industry's revenues are significant risks.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Building Products - Air Conditioner & Heating industry is a six-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #15, which places it in the top 6% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry's positioning in the top 50% of the Zacks-ranked industries is a result of the positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group's earnings growth potential. Since March 2023, the industry's earnings estimates for 2023 have increased to $5.02 per share from $4.83.
Before we present a few stocks that you may want to consider for your portfolio, let's take a look at the industry's recent stock-market performance and valuation picture.
Industry Outperforms S&P 500, Sector
The Zacks Air Conditioner & Heating industry has outperformed the broader Zacks Construction sector and Zacks S&P 500 composite over the past year.
Over this period, the industry has gained 41.5% compared with the broader sector's 14.9% rise. Meanwhile, the Zacks S&P 500 composite has gained 5.1% during the period.
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing Air Conditioner and Heating stocks, the industry is currently trading at 27.1X versus the S&P 500's 18.3X and the sector's 14.9.
Over the past five years, the industry has traded as high as 39.9X, as low as 19.4X and at a median of 24.6X.
3 Air Conditioner and Heating Stocks to Buy Now
Below, we have discussed three stocks from the Zacks Air Conditioner & Heating universe with solid growth potential. The chosen companies currently sport a Zacks Rank #1 (Strong Buy) or #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Watsco: Headquartered in Miami, FL, the company distributes air conditioning, heating and refrigeration equipment, along with related parts, in the United States, Canada, Mexico and Puerto Rico. It has been benefiting from an improvement in the e-commerce business, strong performance across geographies and product categories, backed by a richer mix of high-efficiency systems, solid heat pump sales, a solid commercial business, product diversity and technology-driven gains in market share. Increased focus on accretive acquisitions and enhancing shareholder value bode well.
Watsco, which currently sports a Zacks Rank #1, has gained 34.5% over the past year. Yet, WSO has seen an upward estimate revision for 2023 earnings to $14.50 per share from $13.79 over the past 30 days. This depicts analysts' optimism over the company's prospects. Watsco is expected to witness 2.1% earnings growth in 2023.
Comfort Systems: Based in Houston, TX, the company is a national provider of comprehensive heating, ventilation and air conditioning installation, along with maintenance, repair and replacement services. A solid backlog level and substantial ongoing investments in training, productivity and technology are expected to drive growth. Overall positive trends, primarily in industrial, technology, and manufacturing markets served by the company, as well as accretive buyouts, are encouraging. The acquisitions have expanded its scale, increased recurring service revenues, and enhanced expertise in complex markets, including industrial, technology and life sciences.
Comfort Systems, which currently flaunts a Zacks Rank #1, has gained 80% over the past year. The company is expected to witness 35.5% earnings growth in 2023. FIX has seen an upward estimate revision for 2023 earnings to $7.17 per share from $6.35 over the past 30 days.
AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. The company maintains a balance between new construction and replacement applications, and is making the most of robust replacement demand, broadly across the non-residential building market. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON. While supply-chain issues and inflation caused similar issues, BasX has been flexible in adapting to challenges.
AAON currently carries a Zacks Rank #2. The stock has gained 82.5% over the past year. AAON has seen an upward estimate revision for 2023 earnings to $2.84 per share from $2.68 over the past 30 days. The company's earnings for 2023 are expected to grow 52.7%.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Watsco, Inc. (WSO) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although the housing market slowdown, supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc., Comfort Systems USA, Inc. and AAON, Inc. have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. FIX and AAON, Inc. AAON. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment.
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Although the housing market slowdown, supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc., Comfort Systems USA, Inc. and AAON, Inc. have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. Click to get this free report Watsco, Inc. (WSO) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report To read this article on Zacks.com click here. FIX and AAON, Inc. AAON.
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FIX and AAON, Inc. AAON. Although the housing market slowdown, supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc., Comfort Systems USA, Inc. and AAON, Inc. have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment.
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FIX and AAON, Inc. AAON. Although the housing market slowdown, supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc., Comfort Systems USA, Inc. and AAON, Inc. have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment.
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2023-05-17 00:00:00 UTC
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3 Air Conditioner & Heating Stocks to Buy From a Thriving Industry
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AAON
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https://www.nasdaq.com/articles/3-air-conditioner-heating-stocks-to-buy-from-a-thriving-industry
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The Zacks Building Products - Air Conditioner & Heating industry players are uniquely positioned to capitalize on the mega-trends and opportunities associated with the energy transition and the pro-environmental drive. The companies continue to experience growing demand for renewable generation and solutions in 2023 and beyond, creating significant growth opportunities. Although the housing market slowdown, supply-chain disruptions and inflationary pressures have been creating hurdles for the industry players, companies like Watsco, Inc. WSO, Comfort Systems USA, Inc. FIX and AAON, Inc. AAON have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. Also, the replacement of older systems to reduce electricity consumption and carbon footprint, as well as planned investments in technologies to capture more growth, is acting as a major tailwind for industry participants.
Industry Description
The Zacks Building Products - Air Conditioner & Heating industry comprises designers, manufacturers, and marketers of a broad range of products for heating, ventilation, air conditioning, and refrigeration markets. The products include rooftop units, chillers, air-handling units, condensing units and coils. The industry players also supply thermostats, insulation materials, refrigerants, grills, registers, sheet metal, tools, concrete pads, tape and adhesives. Air conditioning and heating equipment are sold in residential replacement, commercial and industrial HVAC (heating, ventilation and air conditioning), as well as residential new construction markets.
3 Trends Shaping the Future of the Air Conditioner & Heating Industry
U.S. Administration’s Pro-Environmental Moves: Reducing greenhouse gas emissions for a cleaner environmental footprint has been a major focus of the U.S. administration. Many industry participants remain engaged in supporting industries and facilities by selling and maintaining clean and efficient energy systems to reach their environmental goals for carbon reduction, while providing resiliency to grid outages. The companies are gaining from the fast-growing controlled-environment agriculture industry, courtesy of their consistent supply of clean cooling solutions. Overall, the companies are well-positioned to gain from the renewable energy drive of the pro-environmental U.S. administration. Meanwhile, the companies have been benefiting from an improvement in the non-residential market, along with a rise in repair and remodeling activities.
Technology Augmentation & Inorganic Moves: Persistent investments in technologies designed to revolutionize customer experience seem vital for the industry. Digitization of the companies’ marketplace via e-commerce and iOS/Android-enabled apps, supported by a comprehensive database of product information, continues to see strong momentum. Importantly, new investments in the expansion of distribution, research and development projects, and marketing programs are contributing significantly to the companies’ top lines. The players are also actively pursuing accretive acquisitions to broaden their product portfolios and expand their geographic footprints, as well as market share. Meanwhile, services associated with maintaining, monitoring and repairing the existing equipment are providing industry participants with stable revenue sources. The industry generates a major share of revenues from these services, which consumers generally cannot suspend, even when the construction market fluctuates.
Housing Market Slowdown, Supply-Chain Woes, Rising Costs, Regulations: The recent slowdown in the U.S. housing market has been impacting the demand for industry players’ products. Presently, the outlook for the housing industry is less favorable than the last couple of years due to several ongoing headwinds, such as a rapid increase in mortgage rates, housing affordability challenges, high inflation and growing concerns about the economy.
Meanwhile, supply-chain disruptions and rising raw material costs have been hurting the profit margins of industry participants. Supply-chain constraints remain a key issue, resulting in inefficiencies and larger inventory. Operating expenses of companies are rising due to the pandemic-led business challenges and sharp rises in variable operating expenses, including company-wide, performance-based compensation, and excessive logistics and freight costs. Meanwhile, the industry is susceptible to stringent governmental regulations on energy efficiency and gas emissions. HVAC systems use refrigerants for cooling, which is harmful to humans and the environment. Also, stiff competition and the impacts of seasonality on the industry’s revenues are significant risks.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Building Products - Air Conditioner & Heating industry is a six-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #15, which places it in the top 6% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is a result of the positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually gaining confidence in this group’s earnings growth potential. Since March 2023, the industry’s earnings estimates for 2023 have increased to $5.02 per share from $4.83.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Outperforms S&P 500, Sector
The Zacks Air Conditioner & Heating industry has outperformed the broader Zacks Construction sector and Zacks S&P 500 composite over the past year.
Over this period, the industry has gained 41.5% compared with the broader sector’s 14.9% rise. Meanwhile, the Zacks S&P 500 composite has gained 5.1% during the period.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing Air Conditioner and Heating stocks, the industry is currently trading at 27.1X versus the S&P 500’s 18.3X and the sector’s 14.9.
Over the past five years, the industry has traded as high as 39.9X, as low as 19.4X and at a median of 24.6X, as the chart below shows.
Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500
3 Air Conditioner and Heating Stocks to Buy Now
Below, we have discussed three stocks from the Zacks Air Conditioner & Heating universe with solid growth potential. The chosen companies currently sport a Zacks Rank #1 (Strong Buy) or #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Watsco: Headquartered in Miami, FL, the company distributes air conditioning, heating and refrigeration equipment, along with related parts, in the United States, Canada, Mexico and Puerto Rico. It has been benefiting from an improvement in the e-commerce business, strong performance across geographies and product categories, backed by a richer mix of high-efficiency systems, solid heat pump sales, a solid commercial business, product diversity and technology-driven gains in market share. Increased focus on accretive acquisitions and enhancing shareholder value bode well.
Watsco, which currently sports a Zacks Rank #1, has gained 34.5% over the past year. Yet, WSO has seen an upward estimate revision for 2023 earnings to $14.50 per share from $13.79 over the past 30 days. This depicts analysts’ optimism over the company’s prospects. Watsco is expected to witness 2.1% earnings growth in 2023.
Price and Consensus: WSO
Comfort Systems: Based in Houston, TX, the company is a national provider of comprehensive heating, ventilation and air conditioning installation, along with maintenance, repair and replacement services. A solid backlog level and substantial ongoing investments in training, productivity and technology are expected to drive growth. Overall positive trends, primarily in industrial, technology, and manufacturing markets served by the company, as well as accretive buyouts, are encouraging. The acquisitions have expanded its scale, increased recurring service revenues, and enhanced expertise in complex markets, including industrial, technology and life sciences.
Comfort Systems, which currently flaunts a Zacks Rank #1, has gained 80% over the past year. The company is expected to witness 35.5% earnings growth in 2023. FIX has seen an upward estimate revision for 2023 earnings to $7.17 per share from $6.35 over the past 30 days.
Price and Consensus: FIX
AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. The company maintains a balance between new construction and replacement applications, and is making the most of robust replacement demand, broadly across the non-residential building market. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON. While supply-chain issues and inflation caused similar issues, BasX has been flexible in adapting to challenges.
AAON currently carries a Zacks Rank #2. The stock has gained 82.5% over the past year. AAON has seen an upward estimate revision for 2023 earnings to $2.84 per share from $2.68 over the past 30 days. The company’s earnings for 2023 are expected to grow 52.7%.
Price and Consensus: AAON
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Watsco, Inc. (WSO) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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FIX and AAON, Inc. AAON have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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Click to get this free report Watsco, Inc. (WSO) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report To read this article on Zacks.com click here. FIX and AAON, Inc. AAON have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment.
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FIX and AAON, Inc. AAON have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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FIX and AAON, Inc. AAON have been gaining from maintenance, monitoring and repairing services, along with prudent cost-management practices. AAON: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning, as well as heating equipment. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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10369.0
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2023-05-15 00:00:00 UTC
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Is AAON (AAON) Stock Outpacing Its Construction Peers This Year?
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AAON
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https://www.nasdaq.com/articles/is-aaon-aaon-stock-outpacing-its-construction-peers-this-year-0
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The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
Aaon is a member of the Construction sector. This group includes 96 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Aaon is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AAON's full-year earnings has moved 11.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that AAON has returned about 25.7% since the start of the calendar year. Meanwhile, stocks in the Construction group have gained about 14.2% on average. This shows that Aaon is outperforming its peers so far this year.
Another Construction stock, which has outperformed the sector so far this year, is D.R. Horton (DHI). The stock has returned 21.8% year-to-date.
In D.R. Horton's case, the consensus EPS estimate for the current year increased 21.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Aaon belongs to the Building Products - Air Conditioner and Heating industry, which includes 6 individual stocks and currently sits at #19 in the Zacks Industry Rank. On average, stocks in this group have gained 31.8% this year, meaning that AAON is slightly underperforming its industry in terms of year-to-date returns.
D.R. Horton, however, belongs to the Building Products - Home Builders industry. Currently, this 19-stock industry is ranked #6. The industry has moved +31% so far this year.
Going forward, investors interested in Construction stocks should continue to pay close attention to Aaon and D.R. Horton as they could maintain their solid performance.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON, Inc. (AAON) : Free Stock Analysis Report
D.R. Horton, Inc. (DHI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On average, stocks in this group have gained 31.8% this year, meaning that AAON is slightly underperforming its industry in terms of year-to-date returns. Going forward, investors interested in Construction stocks should continue to pay close attention to Aaon and D.R. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole?
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Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report D.R. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Aaon is a member of the Construction sector.
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Looking more specifically, Aaon belongs to the Building Products - Air Conditioner and Heating industry, which includes 6 individual stocks and currently sits at #19 in the Zacks Industry Rank. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Aaon is a member of the Construction sector.
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Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Aaon is a member of the Construction sector. Aaon is currently sporting a Zacks Rank of #2 (Buy).
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10370.0
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2023-05-09 00:00:00 UTC
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Aaon (AAON) is a Great Momentum Stock: Should You Buy?
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AAON
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https://www.nasdaq.com/articles/aaon-aaon-is-a-great-momentum-stock%3A-should-you-buy
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nan
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Aaon (AAON), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Aaon currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for AAON that show why this maker of air conditioning and heating equipment shows promise as a solid momentum pick.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For AAON, shares are up 5.37% over the past week while the Zacks Building Products - Air Conditioner and Heating industry is down 0.66% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 2.85% compares favorably with the industry's 7.79% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of Aaon have risen 24.61%, and are up 79.5% in the last year. On the other hand, the S&P 500 has only moved 0.87% and 1.9%, respectively.
Investors should also take note of AAON's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, AAON is averaging 337,002 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with AAON.
Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost AAON's consensus estimate, increasing from $2.68 to $2.84 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that AAON is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Aaon on your short list.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
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Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON, Inc. (AAON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below, we take a look at Aaon (AAON), which currently has a Momentum Style Score of B. Aaon currently has a Zacks Rank of #1 (Strong Buy). Let's discuss some of the components of the Momentum Style Score for AAON that show why this maker of air conditioning and heating equipment shows promise as a solid momentum pick.
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Below, we take a look at Aaon (AAON), which currently has a Momentum Style Score of B. Aaon currently has a Zacks Rank of #1 (Strong Buy). Let's discuss some of the components of the Momentum Style Score for AAON that show why this maker of air conditioning and heating equipment shows promise as a solid momentum pick.
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Below, we take a look at Aaon (AAON), which currently has a Momentum Style Score of B. Aaon currently has a Zacks Rank of #1 (Strong Buy). Let's discuss some of the components of the Momentum Style Score for AAON that show why this maker of air conditioning and heating equipment shows promise as a solid momentum pick.
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Below, we take a look at Aaon (AAON), which currently has a Momentum Style Score of B. These revisions helped boost AAON's consensus estimate, increasing from $2.68 to $2.84 in the past 60 days. Aaon currently has a Zacks Rank of #1 (Strong Buy).
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2023-04-28 00:00:00 UTC
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Guru Fundamental Report for AAON
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AAON
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https://www.nasdaq.com/articles/guru-fundamental-report-for-aaon
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nan
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Below is Validea's guru fundamental report for AAON INC (AAON). Of the 22 guru strategies we follow, AAON rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with strong and consistent intermediate-term relative performance.
AAON INC (AAON) is a mid-cap growth stock in the Misc. Capital Goods industry. The rating using this strategy is 88% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
DEFINE THE UNIVERSE: PASS
TWELVE MINUS ONE MOMENTUM: PASS
RETURN CONSISTENCY PASS
SEASONALITY NEUTRAL
Detailed Analysis of AAON INC
AAON Guru Analysis
AAON Fundamental Analysis
More Information on Wesley Gray
Wesley Gray Portfolio
About Wesley Gray: Wesley Gray is the founder of Alpha Architect and the author (along with co-author Jack Vogel) of "Quantitative Momentum A Practitioner's Guide to Building a Momentum-Based Stock Selection System". He is also the author (along with co-author Tobias Carlisle) of "Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors". He is an industry recognized expert in the application of quantitative investing strategies. Wes is also a former Marine and has his Phd from the Univerisity of Chicago, where he studied under Nobel Prize winner Eugene Fama.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for AAON INC (AAON). Of the 22 guru strategies we follow, AAON rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. AAON INC (AAON) is a mid-cap growth stock in the Misc.
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Of the 22 guru strategies we follow, AAON rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis More Information on Wesley Gray Wesley Gray Portfolio About Wesley Gray: Wesley Gray is the founder of Alpha Architect and the author (along with co-author Jack Vogel) of "Quantitative Momentum A Practitioner's Guide to Building a Momentum-Based Stock Selection System". Below is Validea's guru fundamental report for AAON INC (AAON).
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Of the 22 guru strategies we follow, AAON rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. Detailed Analysis of AAON INC AAON Guru Analysis AAON Fundamental Analysis More Information on Wesley Gray Wesley Gray Portfolio About Wesley Gray: Wesley Gray is the founder of Alpha Architect and the author (along with co-author Jack Vogel) of "Quantitative Momentum A Practitioner's Guide to Building a Momentum-Based Stock Selection System". Below is Validea's guru fundamental report for AAON INC (AAON).
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Below is Validea's guru fundamental report for AAON INC (AAON). Of the 22 guru strategies we follow, AAON rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. AAON INC (AAON) is a mid-cap growth stock in the Misc.
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2023-04-27 00:00:00 UTC
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Is AAON (AAON) Outperforming Other Construction Stocks This Year?
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AAON
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https://www.nasdaq.com/articles/is-aaon-aaon-outperforming-other-construction-stocks-this-year-0
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For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Aaon (AAON) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Aaon is one of 96 companies in the Construction group. The Construction group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Aaon is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AAON's full-year earnings has moved 5.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, AAON has gained about 24.7% so far this year. In comparison, Construction companies have returned an average of 10.3%. This means that Aaon is performing better than its sector in terms of year-to-date returns.
Another stock in the Construction sector, D.R. Horton (DHI), has outperformed the sector so far this year. The stock's year-to-date return is 19%.
Over the past three months, D.R. Horton's consensus EPS estimate for the current year has increased 9.5%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Aaon is a member of the Building Products - Air Conditioner and Heating industry, which includes 6 individual companies and currently sits at #3 in the Zacks Industry Rank. Stocks in this group have gained about 28% so far this year, so AAON is slightly underperforming its industry this group in terms of year-to-date returns.
D.R. Horton, however, belongs to the Building Products - Home Builders industry. Currently, this 19-stock industry is ranked #88. The industry has moved +25.2% so far this year.
Aaon and D.R. Horton could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON, Inc. (AAON) : Free Stock Analysis Report
D.R. Horton, Inc. (DHI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Has Aaon (AAON) been one of those stocks this year? Aaon is one of 96 companies in the Construction group. Aaon is currently sporting a Zacks Rank of #1 (Strong Buy).
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Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report D.R. Has Aaon (AAON) been one of those stocks this year? Aaon is one of 96 companies in the Construction group.
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Stocks in this group have gained about 28% so far this year, so AAON is slightly underperforming its industry this group in terms of year-to-date returns. Has Aaon (AAON) been one of those stocks this year? Aaon is one of 96 companies in the Construction group.
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Has Aaon (AAON) been one of those stocks this year? Aaon is one of 96 companies in the Construction group. Aaon is currently sporting a Zacks Rank of #1 (Strong Buy).
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2023-04-13 00:00:00 UTC
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Zacks.com featured highlights include AAON, Taylor Morrison Home and Nucor
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AAON
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-aaon-taylor-morrison-home-and-nucor
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For Immediate Release
Chicago, IL – April 13, 2023 – Stocks in this week’s article are AAON AAON, Taylor Morrison Home TMHC and Nucor NUE.
3 Must-Buy Momentum Stocks Banking on Driehaus Strategy
The "buy high and sell higher" theory can be associated with the Driehaus strategy. It can be applied to choose the best momentum stocks. No doubt, it's a successful investment strategy that helped Richard Driehaus make a place in Barron's All-Century Team.
To that end, stocks like AAON, Taylor Morrison Home and Nucor have been selected as the momentum picks for the day using the Driehaus strategy.
A Detailed Look Into the Driehaus Strategy
Regarding the strategy, Driehaus once said, "I would much rather invest in a stock that's increasing in price and take the risk that it may begin to decline than invest in a stock that's already in decline and try to guess when it will turn around." In line with this insight, the American Association of Individual Investors (AAII) considered the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus' philosophy.
It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator — positive relative strength — has also been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend.
Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term.
Here are three of the 16 stocks:
AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils. AAON has a Momentum Score of B. The trailing four-quarter earnings surprise for AAON is 5.7%, on average.
Taylor Morrison Home is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers and move-up families to luxury and active adult customers. TMHC has a Momentum Score of B. The trailing four-quarter earnings surprise for TMHC is 13.3%, on average.
Nucor is a leading producer of structural steel, steel bars, steel joists, steel deck, and cold-finished bars in the United States. NUE has a Momentum Score of A. The trailing four-quarter earnings surprise for NUE is 7.7%, on average.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2077389/3-must-buy-momentum-stocks-banking-on-the-driehaus-strategy
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Nucor Corporation (NUE) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Taylor Morrison Home Corporation (TMHC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To that end, stocks like AAON, Taylor Morrison Home and Nucor have been selected as the momentum picks for the day using the Driehaus strategy. For Immediate Release Chicago, IL – April 13, 2023 – Stocks in this week’s article are AAON AAON, Taylor Morrison Home TMHC and Nucor NUE. Here are three of the 16 stocks: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils.
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For Immediate Release Chicago, IL – April 13, 2023 – Stocks in this week’s article are AAON AAON, Taylor Morrison Home TMHC and Nucor NUE. Click to get this free report Nucor Corporation (NUE) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Taylor Morrison Home Corporation (TMHC) : Free Stock Analysis Report To read this article on Zacks.com click here. To that end, stocks like AAON, Taylor Morrison Home and Nucor have been selected as the momentum picks for the day using the Driehaus strategy.
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Click to get this free report Nucor Corporation (NUE) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Taylor Morrison Home Corporation (TMHC) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – April 13, 2023 – Stocks in this week’s article are AAON AAON, Taylor Morrison Home TMHC and Nucor NUE. To that end, stocks like AAON, Taylor Morrison Home and Nucor have been selected as the momentum picks for the day using the Driehaus strategy.
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To that end, stocks like AAON, Taylor Morrison Home and Nucor have been selected as the momentum picks for the day using the Driehaus strategy. For Immediate Release Chicago, IL – April 13, 2023 – Stocks in this week’s article are AAON AAON, Taylor Morrison Home TMHC and Nucor NUE. Here are three of the 16 stocks: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils.
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2023-04-12 00:00:00 UTC
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3 Must-Buy Momentum Stocks Banking on the Driehaus Strategy
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AAON
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https://www.nasdaq.com/articles/3-must-buy-momentum-stocks-banking-on-the-driehaus-strategy
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nan
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nan
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The “buy high and sell higher” theory can be associated with the Driehaus strategy. It can be applied to choose the best momentum stocks. No doubt, it’s a successful investment strategy that helped Richard Driehaus make a place in Barron’s All-Century Team.
To that end, stocks like AAON AAON, Taylor Morrison Home TMHC and Nucor NUE have been selected as the momentum picks for the day using the Driehaus strategy.
A Detailed Look Into the Driehaus Strategy
Regarding the strategy, Driehaus once said, “I would much rather invest in a stock that’s increasing in price and take the risk that it may begin to decline than invest in a stock that’s already in decline and try to guess when it will turn around.” In line with this insight, the American Association of Individual Investors (AAII) considered the percentage 50-day moving average as one of the key criteria before creating a portfolio following Driehaus’ philosophy.
It is calculated by dividing the numerator (month-end price minus 50-day moving average of month-end price) by the 50-day moving average of the month-end price. Another momentum indicator — positive relative strength — has also been included in this strategy. A positive percentage 50-day moving average indicates that the stock is trading at a price higher than its 50-day moving average level, indicating an uptrend.
Moreover, AAII found that Driehaus primarily focuses on strong earnings growth rates and impressive earnings projections to pick potential outperformers. Companies with a strong history of beating estimates are also given importance in this strategy, which was made to provide better returns over the long term.
Screening Parameters
To make the strategy more profitable, we have considered only those stocks that have a Zacks Rank #1 (Strong Buy) and a Momentum Score of A or B. Our research shows that stocks with a Style Score of A or B when combined with a Zacks Rank #1 or 2 (Buy), offer the best upside potential. You can see the complete list of today’s Zacks #1 Rank stocks here.
• Zacks Rank equal to #1
No matter whether the market is good or bad, stocks with a Zacks Rank #1 have a proven history of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here.
• Last 5-year average EPS growth rates above 2%
Strong EPS growth history ensures improving business
• Trailing 12-month EPS growth greater than 0 and industry median
Higher EPS growth compared to the industry average indicates superior earnings performance
• Last four-quarter average EPS surprise greater than 5%
Solid EPS surprise history indicates better price performance
• Positive percentage change in 50-day moving average and relative strength over 4 weeks
Positive percentage change in 50-day moving average and relative strength signal uptrend
• Momentum Score equal to or less than B
A favorable momentum score indicates that it is ideal for taking advantage of the momentum with the highest probability of success.
These few parameters have narrowed down the universe of over 7,743 stocks to only 16.
Here are three of the 16 stocks:
AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils. AAON has a Momentum Score of B. The trailing four-quarter earnings surprise for AAON is 5.7%, on average.
Taylor Morrison Home is a homebuilder and land developer engaged in building single-family detached and attached homes for first-time buyers and move-up families to luxury and active adult customers. TMHC has a Momentum Score of B. The trailing four-quarter earnings surprise for TMHC is 13.3%, on average.
Nucor is a leading producer of structural steel, steel bars, steel joists, steel deck, and cold-finished bars in the United States. NUE has a Momentum Score of A. The trailing four-quarter earnings surprise for NUE is 7.7%, on average.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Nucor Corporation (NUE) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Taylor Morrison Home Corporation (TMHC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To that end, stocks like AAON AAON, Taylor Morrison Home TMHC and Nucor NUE have been selected as the momentum picks for the day using the Driehaus strategy. Here are three of the 16 stocks: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils. AAON has a Momentum Score of B.
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Click to get this free report Nucor Corporation (NUE) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Taylor Morrison Home Corporation (TMHC) : Free Stock Analysis Report To read this article on Zacks.com click here. To that end, stocks like AAON AAON, Taylor Morrison Home TMHC and Nucor NUE have been selected as the momentum picks for the day using the Driehaus strategy. Here are three of the 16 stocks: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils.
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Click to get this free report Nucor Corporation (NUE) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Taylor Morrison Home Corporation (TMHC) : Free Stock Analysis Report To read this article on Zacks.com click here. To that end, stocks like AAON AAON, Taylor Morrison Home TMHC and Nucor NUE have been selected as the momentum picks for the day using the Driehaus strategy. Here are three of the 16 stocks: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils.
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To that end, stocks like AAON AAON, Taylor Morrison Home TMHC and Nucor NUE have been selected as the momentum picks for the day using the Driehaus strategy. Here are three of the 16 stocks: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils. AAON has a Momentum Score of B.
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2023-04-11 00:00:00 UTC
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Are Construction Stocks Lagging AAON (AAON) This Year?
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AAON
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https://www.nasdaq.com/articles/are-construction-stocks-lagging-aaon-aaon-this-year
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The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Aaon (AAON) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
Aaon is one of 96 companies in the Construction group. The Construction group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Aaon is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AAON's full-year earnings has moved 5.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AAON has moved about 25.2% on a year-to-date basis. Meanwhile, the Construction sector has returned an average of 7.6% on a year-to-date basis. As we can see, Aaon is performing better than its sector in the calendar year.
Another stock in the Construction sector, Comfort Systems (FIX), has outperformed the sector so far this year. The stock's year-to-date return is 13.4%.
The consensus estimate for Comfort Systems' current year EPS has increased 5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Aaon belongs to the Building Products - Air Conditioner and Heating industry, which includes 6 individual stocks and currently sits at #11 in the Zacks Industry Rank. On average, stocks in this group have gained 19.1% this year, meaning that AAON is performing better in terms of year-to-date returns. Comfort Systems is also part of the same industry.
Aaon and Comfort Systems could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON, Inc. (AAON) : Free Stock Analysis Report
Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On average, stocks in this group have gained 19.1% this year, meaning that AAON is performing better in terms of year-to-date returns. Is Aaon (AAON) one of those stocks right now? Aaon is one of 96 companies in the Construction group.
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Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report To read this article on Zacks.com click here. Is Aaon (AAON) one of those stocks right now? Aaon is one of 96 companies in the Construction group.
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Aaon and Comfort Systems could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report To read this article on Zacks.com click here. Is Aaon (AAON) one of those stocks right now?
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On average, stocks in this group have gained 19.1% this year, meaning that AAON is performing better in terms of year-to-date returns. Is Aaon (AAON) one of those stocks right now? Aaon is one of 96 companies in the Construction group.
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10376.0
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2023-04-10 00:00:00 UTC
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Aaon (AAON) is on the Move, Here's Why the Trend Could be Sustainable
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AAON
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https://www.nasdaq.com/articles/aaon-aaon-is-on-the-move-heres-why-the-trend-could-be-sustainable
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While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and Aaon (AAON) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. AAON is quite a good fit in this regard, gaining 19.1% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 2.5% over the past four weeks ensures that the trend is still in place for the stock of this maker of air conditioning and heating equipment.
Moreover, AAON is currently trading at 91% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in AAON may not reverse anytime soon.
In addition to AAON, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely free.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON, Inc. (AAON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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There are several stocks that passed through the screen and Aaon (AAON) is one of them. AAON is quite a good fit in this regard, gaining 19.1% over this period. Moreover, AAON is currently trading at 91% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
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Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report To read this article on Zacks.com click here. There are several stocks that passed through the screen and Aaon (AAON) is one of them. AAON is quite a good fit in this regard, gaining 19.1% over this period.
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There are several stocks that passed through the screen and Aaon (AAON) is one of them. AAON is quite a good fit in this regard, gaining 19.1% over this period. Moreover, AAON is currently trading at 91% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
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So, the price trend in AAON may not reverse anytime soon. In addition to AAON, there are several other stocks that currently pass through our "Recent Price Strength" screen. There are several stocks that passed through the screen and Aaon (AAON) is one of them.
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10377.0
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2023-04-03 00:00:00 UTC
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Zacks.com featured highlights AAON, Suzano, Northeast Community Bank and Copa Holdings
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AAON
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-aaon-suzano-northeast-community-bank-and-copa-holdings
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For Immediate Release
Chicago, IL – April 3, 2023 – Stocks in this week’s article are AAON AAON, Suzano SUZ, Northeast Community Bancorp NECB and Copa Holdings CPA.
4 Top-Rated Profitable Stocks to Buy Using Net Income Ratio
Investors should seek a profitable company over a loss-making one. They should look for companies that offer sturdy returns even after meeting all operating and non-operating costs. Hence, we have used the concept of accounting ratios to evaluate a company’s profitability. There is a variety of profitability ratios, from which we have chosen the most successful and frequently used profitability metric to determine the bottom-line performance of a company.
To that end, AAON, Suzano, Northeast Community Bancorp and Copa Holdings have been selected as the top picks with a high net income ratio.
Net Income Ratio
The net income ratio gives us the exact profitability level of a company. It reflects the percentage of net income to total sales revenues. Using the net income ratio, one can determine a company’s effectiveness to meet operating and non-operating expenses from revenues. A higher net income ratio usually implies a company’s ability to generate ample revenues and successfully manage all business functions.
Here are four of the 18 stocks that qualified for the screening:
AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils. The 12-month net profit margin of AAON is 11.3%.
Suzano is a producer of eucalyptus pulp as well as paper producers. The 12-month net profit margin of SUZ is 46.2%.
Northeast Community Bancorp is a federally chartered stock holding company. The 12-month net profit margin of NECB is 33.7%.
Copa Holdings offers airline passenger and cargo services. The 12-month net profit margin of CPA is 11.7%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2072897/4-top-rated-profitable-stocks-to-buy-using-net-income-ratio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://www.zacks.com/
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report
Suzano S.A. Sponsored ADR (SUZ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To that end, AAON, Suzano, Northeast Community Bancorp and Copa Holdings have been selected as the top picks with a high net income ratio. For Immediate Release Chicago, IL – April 3, 2023 – Stocks in this week’s article are AAON AAON, Suzano SUZ, Northeast Community Bancorp NECB and Copa Holdings CPA. Here are four of the 18 stocks that qualified for the screening: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils.
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For Immediate Release Chicago, IL – April 3, 2023 – Stocks in this week’s article are AAON AAON, Suzano SUZ, Northeast Community Bancorp NECB and Copa Holdings CPA. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report Suzano S.A. To that end, AAON, Suzano, Northeast Community Bancorp and Copa Holdings have been selected as the top picks with a high net income ratio.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report Suzano S.A. For Immediate Release Chicago, IL – April 3, 2023 – Stocks in this week’s article are AAON AAON, Suzano SUZ, Northeast Community Bancorp NECB and Copa Holdings CPA. To that end, AAON, Suzano, Northeast Community Bancorp and Copa Holdings have been selected as the top picks with a high net income ratio.
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For Immediate Release Chicago, IL – April 3, 2023 – Stocks in this week’s article are AAON AAON, Suzano SUZ, Northeast Community Bancorp NECB and Copa Holdings CPA. To that end, AAON, Suzano, Northeast Community Bancorp and Copa Holdings have been selected as the top picks with a high net income ratio. Here are four of the 18 stocks that qualified for the screening: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils.
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10378.0
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2023-03-31 00:00:00 UTC
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4 Top-Rated Profitable Stocks to Buy Using Net Income Ratio
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AAON
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https://www.nasdaq.com/articles/4-top-rated-profitable-stocks-to-buy-using-net-income-ratio
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nan
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nan
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Investors should seek a profitable company over a loss-making one. They should look for companies that offer sturdy returns even after meeting all operating and non-operating costs. Hence, we have used the concept of accounting ratios to evaluate a company’s profitability. There is a variety of profitability ratios, from which we have chosen the most successful and frequently used profitability metric to determine the bottom-line performance of a company.
To that end, AAON AAON, Suzano SUZ, Northeast Community Bancorp NECB and Copa Holdings CPA have been selected as the top picks with a high net income ratio.
Net Income Ratio
The net income ratio gives us the exact profitability level of a company. It reflects the percentage of net income to total sales revenues. Using the net income ratio, one can determine a company’s effectiveness to meet operating and non-operating expenses from revenues. A higher net income ratio usually implies a company’s ability to generate ample revenues and successfully manage all business functions.
Screening Parameters
The net income ratio is not the only indicator of future winners. So, we have added a few more criteria to arrive at a winning strategy.
Zacks Rank Equal to #1: Whether the market is good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here.
Trailing 12-Month Sales and Net Income Growth Higher than X Industry: Stocks that have witnessed higher-than-industry sales and net income growth in the past 12 months are positioned to perform well.
Trailing 12-Month Net Income Ratio Higher than X Industry: High net income ratio indicates a company’s solid profitability.
Percentage Rating Strong Buy greater than 70: This indicates that 70% of the current broker recommendations for the stock are Strong Buy.
These few parameters have narrowed down the universe of more than 7,685 stocks to only 18.
Here are four of the 18 stocks that qualified for the screening:
AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils. The 12-month net profit margin of AAON is 11.3%.
Suzano is a producer of eucalyptus pulp as well as paper producers. The 12-month net profit margin of SUZ is 46.2%.
Northeast Community Bancorp is a federally chartered stock holding company. The 12-month net profit margin of NECB is 33.7%.
Copa Holdings offers airline passenger and cargo services. The 12-month net profit margin of CPA is 11.7%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report
Suzano S.A. Sponsored ADR (SUZ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To that end, AAON AAON, Suzano SUZ, Northeast Community Bancorp NECB and Copa Holdings CPA have been selected as the top picks with a high net income ratio. Here are four of the 18 stocks that qualified for the screening: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils. The 12-month net profit margin of AAON is 11.3%.
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To that end, AAON AAON, Suzano SUZ, Northeast Community Bancorp NECB and Copa Holdings CPA have been selected as the top picks with a high net income ratio. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report Suzano S.A. Here are four of the 18 stocks that qualified for the screening: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report Suzano S.A. To that end, AAON AAON, Suzano SUZ, Northeast Community Bancorp NECB and Copa Holdings CPA have been selected as the top picks with a high net income ratio. Here are four of the 18 stocks that qualified for the screening: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils.
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To that end, AAON AAON, Suzano SUZ, Northeast Community Bancorp NECB and Copa Holdings CPA have been selected as the top picks with a high net income ratio. Here are four of the 18 stocks that qualified for the screening: AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units, and coils. The 12-month net profit margin of AAON is 11.3%.
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10379.0
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2023-03-24 00:00:00 UTC
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Snatch This Bargain Even Cheaper Than Chief Operating Officer Wakefield Did
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AAON
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https://www.nasdaq.com/articles/snatch-this-bargain-even-cheaper-than-chief-operating-officer-wakefield-did
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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on March 13, AAON, Inc.'s Chief Operating Officer, Stephen E. Wakefield, invested $46,078.80 into 516 shares of AAON, for a cost per share of $89.30. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Friday, bargain hunters could buy shares of AAON, Inc. (Symbol: AAON) and achieve a cost basis even cheaper than Wakefield, with shares changing hands as low as $88.80 per share. AAON, Inc. shares are currently trading down about 2.7% on the day. The chart below shows the one year performance of AAON shares, versus its 200 day moving average:
Looking at the chart above, AAON's low point in its 52 week range is $47.50 per share, with $94.45 as the 52 week high point — that compares with a last trade of $89.89. By comparison, below is a table showing the prices at which AAON insider buying was recorded over the last six months:
PURCHASED INSIDER TITLE SHARES PRICE/SHARE VALUE
03/13/2023 Stephen E. Wakefield Chief Operating Officer 516 $89.30 $46,078.80
The current annualized dividend paid by AAON, Inc. is $0.24/share, currently paid in installments, and its most recent dividend ex-date was on 03/10/2023. Below is a long-term dividend history chart for AAON, which can be of good help in judging whether the most recent dividend with approx. 0.3% annualized yield is likely to continue.
Free Report: Top 8%+ Dividends (paid monthly)
Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »
Also see:
ETFs Holding AUDC
ETFs Holding PRTS
TZOO Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The chart below shows the one year performance of AAON shares, versus its 200 day moving average: Looking at the chart above, AAON's low point in its 52 week range is $47.50 per share, with $94.45 as the 52 week high point — that compares with a last trade of $89.89. By comparison, below is a table showing the prices at which AAON insider buying was recorded over the last six months: Back on March 13, AAON, Inc.'s Chief Operating Officer, Stephen E. Wakefield, invested $46,078.80 into 516 shares of AAON, for a cost per share of $89.30.
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Back on March 13, AAON, Inc.'s Chief Operating Officer, Stephen E. Wakefield, invested $46,078.80 into 516 shares of AAON, for a cost per share of $89.30. 03/13/2023 Stephen E. Wakefield Chief Operating Officer 516 $89.30 $46,078.80 The current annualized dividend paid by AAON, Inc. is $0.24/share, currently paid in installments, and its most recent dividend ex-date was on 03/10/2023. In trading on Friday, bargain hunters could buy shares of AAON, Inc. (Symbol: AAON) and achieve a cost basis even cheaper than Wakefield, with shares changing hands as low as $88.80 per share.
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In trading on Friday, bargain hunters could buy shares of AAON, Inc. (Symbol: AAON) and achieve a cost basis even cheaper than Wakefield, with shares changing hands as low as $88.80 per share. The chart below shows the one year performance of AAON shares, versus its 200 day moving average: Looking at the chart above, AAON's low point in its 52 week range is $47.50 per share, with $94.45 as the 52 week high point — that compares with a last trade of $89.89. Back on March 13, AAON, Inc.'s Chief Operating Officer, Stephen E. Wakefield, invested $46,078.80 into 516 shares of AAON, for a cost per share of $89.30.
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Back on March 13, AAON, Inc.'s Chief Operating Officer, Stephen E. Wakefield, invested $46,078.80 into 516 shares of AAON, for a cost per share of $89.30. In trading on Friday, bargain hunters could buy shares of AAON, Inc. (Symbol: AAON) and achieve a cost basis even cheaper than Wakefield, with shares changing hands as low as $88.80 per share. 03/13/2023 Stephen E. Wakefield Chief Operating Officer 516 $89.30 $46,078.80 The current annualized dividend paid by AAON, Inc. is $0.24/share, currently paid in installments, and its most recent dividend ex-date was on 03/10/2023.
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10380.0
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2023-03-17 00:00:00 UTC
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Zacks.com featured highlights include Universal Insurance Holdings, Asure Software, MYR Group, AAON and Arista Networks
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AAON
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-universal-insurance-holdings-asure-software-myr
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For Immediate Release
Chicago, IL – March 17, 2023 – Stocks in this week’s article are Universal Insurance Holdings Inc. UVE, Asure Software Inc. ASUR, MYR Group Inc. MYRG, AAON Inc. AAON and Arista Networks Inc. ANET.
5 Stocks with Recent Price Strength Amid Extreme Volatility
Volatility has been showing its ugly face again on Wall Street for the past month. The welcome rally from the beginning of this year to mid-February evaporated last month after a sudden spike in January's inflation rate. Market participants were nervous that the Fed will continue rigorous interest rate hikes for a longer period.
In March, the already-high interest rate started taking its toll on the banking sector. Last week, two major regional banks in the United States, namely, Silicon Valley Bank and Signature Bank collapsed, forcing the government to rescue depositors.
On Mar 15, the global financial markets were rattled by Credit Suisse Group AG (CS). Earlier this week, the bank reported that it had found "certain material weaknesses" in its internal control over financial reporting for 2021 and 2022. The bank also stated that depositors had withdrawn more than $120 billion in fourth-quarter 2022.
As a result, Credit Suisse Group also needs immediate financing. However, the Swiss lender's largest investor, the Saudi National Bank declined to invest more as the bank already holds 10% of Credit Suisse, the maximum limit its regulator can permit. Consequently, shares of Credit Suisse plunged.
Market participants are concerned that the lending business of the banking system will suffer due to a lack of demand owing to the higher interest rate. At the same time, aggregate demand will remain subdued also due to the higher interest rate and sticky inflation. This could dry up liquidity in the economy and lead to a recession.
Despite the headwinds, a few stocks have shown price strength. These stocks are likely to gain in the near term and are backed by a favorable Zacks Rank. Five of them are — Universal Insurance Holdings Inc., Asure Software Inc., MYR Group Inc., AAON Inc. and Arista Networks Inc..
Here's How We Arrived at the Picks
We have primarily targeted stocks that have freshly been on a bull run. Stocks seeing price strength recently have a high chance of carrying the momentum forward.
If a stock is continuously witnessing an uptrend, there must be a solid reason or it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed to create a successful investment strategy.
Here's how you should create the screen to shortlist the current as well as the potential winners.
Let's discuss five out of these 10 stocks:
Universal Insurance is currently engaged in insurance underwriting, distribution and claims. UVE generates revenue from the collection and investment of premiums. UVE's agency operations generate income from policy fees, commissions, premium financing referral fees and the marketing of ancillary services.
The stock price of Universal Insurance has soared 49.8% in the past four weeks. It has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 10% over the last 30 days.
Asure Software is a provider of Web-based workforce management solutions. ASUR offers Web-based workforce management solutions that enable organizations to manage their office environment, as well as their human resource and payroll processes. ASUR offers its workforce management solutions under two product lines: NetSimplicity and iEmployee.
The stock price of Asure Software has jumped 27.2% in the past four weeks. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 25% over the last 30 days.
MYR Group is a holding company of leading specialty contractors serving the electrical infrastructure market throughout the United States and Canada. MYRGoperates in two segments, Transmission and Distribution, and Commercial and Industrial.
MYRG's comprehensive services on electric transmission and distribution networks and substation facilities include design, engineering, procurement, construction, upgrade, maintenance and repair services.
The stock price of MYR Group has climbed 18.8% in the past four weeks. It has an expected earnings growth rate 10.6% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.8% over the last 30 days.
AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. AAON's products serve the new construction and replacement markets. AAON has gained market share through its semi-custom product lines, which offer customer value, quality, function, serviceability and efficiency.
The stock price of AAON has surged 11.8% in the past four weeks. It has an expected earnings growth rate of 44.1% for the current year. The Zacks Consensus Estimate for next-year earnings has improved 5.1% over the last 30 days.
Arista Networks develops markets and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. ANET benefits from an expanding cloud networking market, driven by strong demand for scalable infrastructure. The company recently joined the Microsoft Intelligent Security Association.
Arista Networks continues to gain from solid momentum and diversification across its top verticals and product lines. It is well-poised for growth in the data-driven cloud networking business, with proactive platforms and predictive operations. ANET introduced an enterprise-grade Software-as-a-Service offering for its flagship CloudVision platform.
The stock price of Arista Networks has advanced 8.7% in the past four weeks. It has an expected earnings growth rate of 26.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 10.7% over the last 30 days.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2066564/5-stocks-with-recent-price-strength-amid-extreme-volatility
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MYR Group, Inc. (MYRG) : Free Stock Analysis Report
Asure Software Inc (ASUR) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
UNIVERSAL INSURANCE HOLDINGS INC (UVE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – March 17, 2023 – Stocks in this week’s article are Universal Insurance Holdings Inc. UVE, Asure Software Inc. ASUR, MYR Group Inc. MYRG, AAON Inc. AAON and Arista Networks Inc. ANET. Five of them are — Universal Insurance Holdings Inc., Asure Software Inc., MYR Group Inc., AAON Inc. and Arista Networks Inc.. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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For Immediate Release Chicago, IL – March 17, 2023 – Stocks in this week’s article are Universal Insurance Holdings Inc. UVE, Asure Software Inc. ASUR, MYR Group Inc. MYRG, AAON Inc. AAON and Arista Networks Inc. ANET. Five of them are — Universal Insurance Holdings Inc., Asure Software Inc., MYR Group Inc., AAON Inc. and Arista Networks Inc.. Click to get this free report MYR Group, Inc. (MYRG) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report UNIVERSAL INSURANCE HOLDINGS INC (UVE) : Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL – March 17, 2023 – Stocks in this week’s article are Universal Insurance Holdings Inc. UVE, Asure Software Inc. ASUR, MYR Group Inc. MYRG, AAON Inc. AAON and Arista Networks Inc. ANET. Click to get this free report MYR Group, Inc. (MYRG) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report UNIVERSAL INSURANCE HOLDINGS INC (UVE) : Free Stock Analysis Report To read this article on Zacks.com click here. Five of them are — Universal Insurance Holdings Inc., Asure Software Inc., MYR Group Inc., AAON Inc. and Arista Networks Inc..
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For Immediate Release Chicago, IL – March 17, 2023 – Stocks in this week’s article are Universal Insurance Holdings Inc. UVE, Asure Software Inc. ASUR, MYR Group Inc. MYRG, AAON Inc. AAON and Arista Networks Inc. ANET. Five of them are — Universal Insurance Holdings Inc., Asure Software Inc., MYR Group Inc., AAON Inc. and Arista Networks Inc.. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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10381.0
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2023-03-16 00:00:00 UTC
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5 Stocks With Recent Price Strength Amid Extreme Volatility
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AAON
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https://www.nasdaq.com/articles/5-stocks-with-recent-price-strength-amid-extreme-volatility
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nan
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Volatility has been showing its ugly face again on Wall Street for the past month. The welcome rally from the beginning of this year to mid-February evaporated last month after a sudden spike in January’s inflation rate. Market participants were nervous that the Fed will continue rigorous interest rate hikes for a longer period.
In March, the already-high interest rate started taking its toll on the banking sector. Last week, two major regional banks in the United Sates, namely, Silicon Velley Bank and Signature Bank collapsed, forcing the government to rescue depositors.
On Mar 15, the global financial markets were rattled by Credit Suisse Group AG (CS). Earlier this week, the bank reported that it had found “certain material weaknesses” in its internal control over financial reporting for 2021 and 2022. The bank also stated that depositors had withdrawn more than $120 billion in fourth-quarter 2022.
As a result, Credit Suisse Group also needs immediate financing. However, the Swiss lender’s largest investor, the Saudi National Bank declined, to invest more as the bank is already holds 10% of Credit Swiss, the maximum limit its regulator can permit. Consequently, shares of Credit Swiss plunged.
Market participants are concerned that the lending business of the banking system will suffer due to a lack of demand owing to the higher interest rate. At the same time, aggregate demand will remain subdued also due to the higher interest rate and sticky inflation. This could dry up liquidity in the economy and lead to a recession.
Despite the headwinds, a few stocks have shown price strength. These stocks are likely to gain in the near term and are backed by a favorable Zacks Rank. Five of them are — Universal Insurance Holdings Inc. UVE, Asure Software Inc. ASUR, MYR Group Inc. MYRG, AAON Inc. AAON and Arista Networks Inc. ANET.
Here’s How We Arrived at the Picks
We have primarily targeted stocks that have freshly been on a bull run. Stocks seeing price strength recently have a high chance of carrying the momentum forward.
If a stock is continuously witnessing an uptrend, there must be a solid reason or it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed to create a successful investment strategy.
Here’s how you should create the screen to shortlist the current as well as the potential winners.
Screening Parameters:
Percentage Change in Price (4 Weeks) greater than zero: This criterion shows that the stock has moved higher in the last four weeks.
Percentage Change Price (12 Weeks) greater than 10: This indicates that the stock has seen momentum over the last three months. This lowers the risk of choosing stocks that may have drawn attention due to the overwhelming performance of the overall market in a very short period.
Zacks Rank 1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here.
Average Broker Rating 1 or 2: This indicates that brokers are also highly hopeful about the stock’s future performance.
Current Price greater than 5: The stocks must all be trading at a minimum of $5.
Current Price/ 52-Week High-Low Range more than 85%: This criterion filters stocks that are trading near their respective 52-week highs. It indicates that these are strong enough in terms of price.
Just these few criteria narrowed down the search from over 7,700 stocks to 10.
Let’s discuss five out of these 10 stocks:
Universal Insurance is currently engaged in insurance underwriting, distribution and claims. UVE generates revenue from the collection and investment of premiums. UVE’s agency operations generate income from policy fees, commissions, premium financing referral fees and the marketing of ancillary services.
The stock price of Universal Insurance has soared 49.8% in the past four weeks. It has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 10% over the last 30 days.
Asure Software is a provider of Web-based workforce management solutions. ASUR offers Web-based workforce management solutions that enable organizations to manage their office environment, as well as their human resource and payroll processes. ASUR offers its workforce management solutions under two product lines: NetSimplicity and iEmployee.
The stock price of Asure Software has jumped 27.2% in the past four weeks. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 25% over the last 30 days.
MYR Group is a holding company of leading specialty contractors serving the electrical infrastructure market throughout the United States and Canada. MYRGoperates in two segments, Transmission and Distribution, and Commercial and Industrial.
MYRG’s comprehensive services on electric transmission and distribution networks and substation facilities include design, engineering, procurement, construction, upgrade, maintenance and repair services.
The stock price of MYR Group has climbed 18.8% in the past four weeks. It has an expected earnings growth rate 10.6% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.8% over the last 30 days.
AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. AAON’s products serve the new construction and replacement markets. AAON has gained market share through its semi-custom product lines, which offer customer value, quality, function, serviceability and efficiency.
The stock price of AAON has surged 11.8% in the past four weeks. It has an expected earnings growth rate of 44.1% for the current year. The Zacks Consensus Estimate for next-year earnings has improved 5.1% over the last 30 days.
Arista Networks develops markets and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. ANET benefits from an expanding cloud networking market, driven by strong demand for scalable infrastructure. The company recently joined the Microsoft Intelligent Security Association.
Arista Networks continues to gain from solid momentum and diversification across its top verticals and product lines. It is well-poised for growth in the data-driven cloud networking business, with proactive platforms and predictive operations. ANET introduced an enterprise-grade Software-as-a-Service offering for its flagship CloudVision platform.
The stock price of Arista Networks has advanced 8.7% in the past four weeks. It has an expected earnings growth rate of 26.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 10.7% over the last 30 days.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit)
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
See Stocks Now
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MYR Group, Inc. (MYRG) : Free Stock Analysis Report
Asure Software Inc (ASUR) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
UNIVERSAL INSURANCE HOLDINGS INC (UVE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Five of them are — Universal Insurance Holdings Inc. UVE, Asure Software Inc. ASUR, MYR Group Inc. MYRG, AAON Inc. AAON and Arista Networks Inc. ANET. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. AAON’s products serve the new construction and replacement markets.
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Five of them are — Universal Insurance Holdings Inc. UVE, Asure Software Inc. ASUR, MYR Group Inc. MYRG, AAON Inc. AAON and Arista Networks Inc. ANET. Click to get this free report MYR Group, Inc. (MYRG) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report UNIVERSAL INSURANCE HOLDINGS INC (UVE) : Free Stock Analysis Report To read this article on Zacks.com click here. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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Five of them are — Universal Insurance Holdings Inc. UVE, Asure Software Inc. ASUR, MYR Group Inc. MYRG, AAON Inc. AAON and Arista Networks Inc. ANET. Click to get this free report MYR Group, Inc. (MYRG) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report UNIVERSAL INSURANCE HOLDINGS INC (UVE) : Free Stock Analysis Report To read this article on Zacks.com click here. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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Five of them are — Universal Insurance Holdings Inc. UVE, Asure Software Inc. ASUR, MYR Group Inc. MYRG, AAON Inc. AAON and Arista Networks Inc. ANET. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. AAON’s products serve the new construction and replacement markets.
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10382.0
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2023-03-15 00:00:00 UTC
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Zacks.com featured highlights include MercadoLibre, iRadimed, Northeast Community Bancorp and AAON
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AAON
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https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-mercadolibre-iradimed-northeast-community-bancorp
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nan
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For Immediate Release
Chicago, IL – March 15, 2023 – Stocks in this week’s article are MercadoLibre MELI, iRadimed IRMD, Northeast Community Bancorp NECB and AAON AAON.
4 Best Profitable Stocks to Buy Banking on Net Income Ratio
It is wise to look for companies that offer sturdy returns even after meeting all operating and non-operating costs. In other words, investors should seek a profitable company over a loss-making one. Thus, we have used the concept of accounting ratios to evaluate a company's profitability.
There are several profitability ratios, from which we have chosen the most successful and frequently used profitability metric to determine the bottom-line performance of a company.
To that end, MercadoLibre, iRadimed, Northeast Community Bancorp and AAON have been selected as the top picks with a high net income ratio.
Net Income Ratio
Net income ratio gives us the exact profitability level of a company. It reflects the percentage of net income to total sales revenues. Using net income ratio, one can determine a company's effectiveness to meet operating and non-operating expenses from revenues. A higher net income ratio usually implies a company's ability to generate ample revenues and successfully manage all business functions.
Here are four of the 17 stocks that qualified the screening:
MercadoLibre is one of the largest e-commerce platforms in Latin America. The 12-month net profit margin of MELI is 4.6%.
iRadimed engages in developing, manufacturing, marketing and distributing magnetic resonance imaging-compatible products. The 12-month net profit margin of IRMD is almost 24%.
Northeast Community Bancorp is a federally chartered stock holding company established as the holding company for Northeast Community Bank. The 12-month net profit margin of NECB is 33.7%.
AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. The 12-month net profit margin of AAON is 11.3%.
You can sign up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2065220/4-best-profitable-stocks-to-buy-banking-on-net-income-ratio
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Strong Stocks that Should Be in the News
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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AAON, Inc. (AAON) : Free Stock Analysis Report
MercadoLibre, Inc. (MELI) : Free Stock Analysis Report
iRadimed Corporation (IRMD) : Free Stock Analysis Report
Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To that end, MercadoLibre, iRadimed, Northeast Community Bancorp and AAON have been selected as the top picks with a high net income ratio. For Immediate Release Chicago, IL – March 15, 2023 – Stocks in this week’s article are MercadoLibre MELI, iRadimed IRMD, Northeast Community Bancorp NECB and AAON AAON. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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For Immediate Release Chicago, IL – March 15, 2023 – Stocks in this week’s article are MercadoLibre MELI, iRadimed IRMD, Northeast Community Bancorp NECB and AAON AAON. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report iRadimed Corporation (IRMD) : Free Stock Analysis Report Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report To read this article on Zacks.com click here. To that end, MercadoLibre, iRadimed, Northeast Community Bancorp and AAON have been selected as the top picks with a high net income ratio.
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Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report iRadimed Corporation (IRMD) : Free Stock Analysis Report Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – March 15, 2023 – Stocks in this week’s article are MercadoLibre MELI, iRadimed IRMD, Northeast Community Bancorp NECB and AAON AAON. To that end, MercadoLibre, iRadimed, Northeast Community Bancorp and AAON have been selected as the top picks with a high net income ratio.
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For Immediate Release Chicago, IL – March 15, 2023 – Stocks in this week’s article are MercadoLibre MELI, iRadimed IRMD, Northeast Community Bancorp NECB and AAON AAON. To that end, MercadoLibre, iRadimed, Northeast Community Bancorp and AAON have been selected as the top picks with a high net income ratio. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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10383.0
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2023-03-14 00:00:00 UTC
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4 Best Profitable Stocks to Buy Banking on Net Income Ratio
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AAON
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https://www.nasdaq.com/articles/4-best-profitable-stocks-to-buy-banking-on-net-income-ratio
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nan
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nan
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It is wise to look for companies that offer sturdy returns even after meeting all operating and non-operating costs. In other words, investors should seek a profitable company over a loss-making one. Thus, we have used the concept of accounting ratios to evaluate a company’s profitability.
There are several profitability ratios, from which we have chosen the most successful and frequently used profitability metric to determine the bottom-line performance of a company.
To that end, MercadoLibre MELI, iRadimed IRMD, Northeast Community Bancorp NECB and AAON AAON have been selected as the top picks with a high net income ratio.
Net Income Ratio
Net income ratio gives us the exact profitability level of a company. It reflects the percentage of net income to total sales revenues. Using net income ratio, one can determine a company’s effectiveness to meet operating and non-operating expenses from revenues. A higher net income ratio usually implies a company’s ability to generate ample revenues and successfully manage all business functions.
Screening Criteria
Net income ratio is not the only indicator of future winners. So, we have added a few more criteria to arrive at a winning strategy.
Zacks Rank Equal to #1: Whether the market is good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. You can see the complete list of today’s Zacks #1 Rank stocks here.
Trailing 12-Month Sales and Net Income Growth Higher than X Industry: Stocks that have witnessed higher-than-industry sales and net income growth in the past 12 months are positioned to perform well.
Trailing 12-Month Net Income Ratio Higher than X Industry: High net income ratio indicates a company’s solid profitability.
Percentage Rating Strong Buy greater than 70: This indicates that 70% of the current broker recommendations for the stock are Strong Buy.
These few parameters have narrowed down the universe of more than 7,685 stocks to only 17.
Here are four of the 17 stocks that qualified the screening:
MercadoLibre is one of the largest e-commerce platforms in Latin America. The 12-month net profit margin of MELI is 4.6%.
iRadimed engages in developing, manufacturing, marketing and distributing magnetic resonance imaging-compatible products. The 12-month net profit margin of IRMD is almost 24%.
Northeast Community Bancorp is a federally chartered stock holding company established as the holding company for Northeast Community Bank. The 12-month net profit margin of NECB is 33.7%.
AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. The 12-month net profit margin of AAON is 11.3%.
You can sign up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
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AAON, Inc. (AAON) : Free Stock Analysis Report
MercadoLibre, Inc. (MELI) : Free Stock Analysis Report
iRadimed Corporation (IRMD) : Free Stock Analysis Report
Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To that end, MercadoLibre MELI, iRadimed IRMD, Northeast Community Bancorp NECB and AAON AAON have been selected as the top picks with a high net income ratio. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils. The 12-month net profit margin of AAON is 11.3%.
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To that end, MercadoLibre MELI, iRadimed IRMD, Northeast Community Bancorp NECB and AAON AAON have been selected as the top picks with a high net income ratio. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report iRadimed Corporation (IRMD) : Free Stock Analysis Report Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report To read this article on Zacks.com click here. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report iRadimed Corporation (IRMD) : Free Stock Analysis Report Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report To read this article on Zacks.com click here. To that end, MercadoLibre MELI, iRadimed IRMD, Northeast Community Bancorp NECB and AAON AAON have been selected as the top picks with a high net income ratio. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report iRadimed Corporation (IRMD) : Free Stock Analysis Report Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report To read this article on Zacks.com click here. To that end, MercadoLibre MELI, iRadimed IRMD, Northeast Community Bancorp NECB and AAON AAON have been selected as the top picks with a high net income ratio. AAON is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils.
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10384.0
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2023-03-08 00:00:00 UTC
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Ex-Dividend Reminder: AAON, FedEx and Hess
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AAON
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https://www.nasdaq.com/articles/ex-dividend-reminder%3A-aaon-fedex-and-hess
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nan
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nan
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Looking at the universe of stocks we cover at Dividend Channel, on 3/10/23, AAON, Inc. (Symbol: AAON), FedEx Corp (Symbol: FDX), and Hess Corp (Symbol: HES) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its semi-annual dividend of $0.12 on 3/31/23, FedEx Corp will pay its quarterly dividend of $1.15 on 4/3/23, and Hess Corp will pay its quarterly dividend of $0.4375 on 3/30/23. As a percentage of AAON's recent stock price of $92.73, this dividend works out to approximately 0.13%, so look for shares of AAON, Inc. to trade 0.13% lower — all else being equal — when AAON shares open for trading on 3/10/23. Similarly, investors should look for FDX to open 0.56% lower in price and for HES to open 0.32% lower, all else being equal.
Below are dividend history charts for AAON, FDX, and HES, showing historical dividends prior to the most recent ones declared.
AAON, Inc. (Symbol: AAON):
FedEx Corp (Symbol: FDX):
Hess Corp (Symbol: HES):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.26% for AAON, Inc., 2.23% for FedEx Corp, and 1.27% for Hess Corp.
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, AAON, Inc. shares are currently up about 0.4%, FedEx Corp shares are down about 0.2%, and Hess Corp shares are up about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Funds Holding TWOC
CEMP Price Target
PNTM YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If they do continue, the current estimated yields on annualized basis would be 0.26% for AAON, Inc., 2.23% for FedEx Corp, and 1.27% for Hess Corp. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, AAON, Inc. shares are currently up about 0.4%, FedEx Corp shares are down about 0.2%, and Hess Corp shares are up about 0.3% on the day. Looking at the universe of stocks we cover at Dividend Channel, on 3/10/23, AAON, Inc. (Symbol: AAON), FedEx Corp (Symbol: FDX), and Hess Corp (Symbol: HES) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its semi-annual dividend of $0.12 on 3/31/23, FedEx Corp will pay its quarterly dividend of $1.15 on 4/3/23, and Hess Corp will pay its quarterly dividend of $0.4375 on 3/30/23.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/10/23, AAON, Inc. (Symbol: AAON), FedEx Corp (Symbol: FDX), and Hess Corp (Symbol: HES) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. will pay its semi-annual dividend of $0.12 on 3/31/23, FedEx Corp will pay its quarterly dividend of $1.15 on 4/3/23, and Hess Corp will pay its quarterly dividend of $0.4375 on 3/30/23. AAON, Inc. (Symbol: AAON): FedEx Corp (Symbol: FDX): Hess Corp (Symbol: HES): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/10/23, AAON, Inc. (Symbol: AAON), FedEx Corp (Symbol: FDX), and Hess Corp (Symbol: HES) will all trade ex-dividend for their respective upcoming dividends. AAON, Inc. (Symbol: AAON): FedEx Corp (Symbol: FDX): Hess Corp (Symbol: HES): In general, dividends are not always predictable, following the ups and downs of company profits over time. If they do continue, the current estimated yields on annualized basis would be 0.26% for AAON, Inc., 2.23% for FedEx Corp, and 1.27% for Hess Corp. Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, AAON, Inc. shares are currently up about 0.4%, FedEx Corp shares are down about 0.2%, and Hess Corp shares are up about 0.3% on the day.
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Looking at the universe of stocks we cover at Dividend Channel, on 3/10/23, AAON, Inc. (Symbol: AAON), FedEx Corp (Symbol: FDX), and Hess Corp (Symbol: HES) will all trade ex-dividend for their respective upcoming dividends. As a percentage of AAON's recent stock price of $92.73, this dividend works out to approximately 0.13%, so look for shares of AAON, Inc. to trade 0.13% lower — all else being equal — when AAON shares open for trading on 3/10/23. AAON, Inc. (Symbol: AAON): FedEx Corp (Symbol: FDX): Hess Corp (Symbol: HES): In general, dividends are not always predictable, following the ups and downs of company profits over time.
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10385.0
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2023-03-07 00:00:00 UTC
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Watsco (WSO) Gains From Technologies Amid Inflationary Woes
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AAON
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https://www.nasdaq.com/articles/watsco-wso-gains-from-technologies-amid-inflationary-woes
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nan
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nan
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Watsco, Inc. WSO is poised to benefit from its continuous investment in industry-leading technologies, accretive acquisitions and a consistent focus on rewarding shareholders. Its gradual transformation from manual processes to a completely digital platform is an added positive.
However, intense inflation, supply-chain disruption and labor woes have been impacting the construction sector. Apart from these, Watsco is investing a heavy amount in technology deployment, which is ultimately increasing costs. Seasonality and competitive pressure are other concerns.
Let’s Delve into Driving Factors
Investment in Technology: Watsco boosted its annualized technology spending in 2022 by 14% to $49 million. As the digital era progresses, speed, productivity and efficiency will be more critical. On that note, Watsco is investing in technologies to improve customer experience through e-commerce. It is using various new technologies to transform the homeowner experience, which will help the company expand its customer base.
Currently, it has the industry’s largest database of digitized product information, with nearly 1 million SKUs being used by more than 350,000 technical contractors and technicians annually via the Product Information Management database. Also, its HVAC Pro+ Mobile apps provide customers with real-time access to critical information that improves their speed and productivity. The authenticated user community grew 20% as of 2022-end to more than 51,000 users.
E-Commerce Drive: Driven by various technology platforms, e-commerce sales were up 17% at the end of 2022 from the year-ago period. E-commerce sales outpaced $2.3 billion for the trailing 12-month period and accounted for 32% of the total sales, inclusive of acquired revenues.
Additionally, Watsco’s digital sales platform for HVAC/R contractors and CreditForComfort (its companion consumer financing platform) — OnCallAir — generated $939 million in gross merchandise value in 2022, reflecting a 49% year-over-year increase.
Solid Liquidity & Rewarding Shareholders: Watsco has a strong balance sheet position and enough liquidity to manage the persistent crisis. The company ended 2022 with cash and cash equivalents of $147.5 million, reflecting an increase from $118.3 million at 2021-end.
Watsco has been paying cash dividends for 49 consecutive years. It has been consistently focusing on sharing its cash flows with shareholders and maintaining a strong financial position. The company increased dividends in 21 out of the last 22 years. In January 2023, it announced an annual dividend hike of 11% to $9.80 per share.
Hurdles
Higher Costs: Watsco has been affected by persisting inflation and supply-chain headwinds. In 2022, SG&A expenses increased 15% year over year due to the pandemic-related business challenges and sharp increases in variable operating expenses, including company-wide, performance-based compensation, excessive logistics and freight costs caused by supply-chain disruptions, and other inflationary impacts. Although earnings grew in the fourth quarter of 2022, its SG&A expenses increased 3.3% year over year.
Seasonal Sales: Sales of residential central air conditioners, heating equipment, and parts and supplies have historically been seasonal for Watsco and other companies like AAON, Inc. AAON, Comfort Systems USA, Inc. FIX and Lennox International Inc. LII.
Watsco’s profitability will be impacted favorably or unfavorably based on the severity or mildness of weather patterns during the summer or winter selling seasons. The company’s first and fourth quarters of each calendar is disproportionately affected by seasonality due to the nature and timing of HVAC systems replacement.
Historically, demand for the residential central air conditioning replacement market is comparatively low during the first and fourth quarters. Similarly, demand for heating equipment is generally impacted in the second and third quarters.
A Brief Discussion on the Other Companies
AAON’s fourth-quarter 2022 has been gaining from multiple price increases initiated throughout the year, reduced impacts from the supply chain and significant production efficiency improvements over all plant floors. The company continues to adapt quickly and maximize production despite the ongoing challenges of parts shortages.
AAON finished the fourth quarter of 2022 with a record backlog of $548.0 million, up 110.6% from $260.2 million on Dec 31, 2021. AAON has a trailing four-quarter earnings surprise of 5.7%, on average.
Comfort Systems ended 2022 with a solid backlog level of $4.06 billion, up from $3.25 billion as of Sep 30, 2022, and $2.31 billion as of Dec 31, 2021. On a same-store basis, the backlog increased from $2.31 billion as of Dec 31, 2021, to $4.03 billion as of Dec 31, 2022. The backlog level depicts the company’s ability to generate higher revenues in the future.
FIX has a trailing four-quarter earnings surprise of 9.9%, on average.
Lennox’s growth across all three segments (Residential, Commercial and Refrigeration) and solid execution on Commercial business profit recovery have been driving growth. The company has been implementing higher pricing to outpace the ongoing inflationary challenges.
LII has a trailing four-quarter earnings surprise of 5.7%, on average.
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Lennox International, Inc. (LII) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report
Watsco, Inc. (WSO) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A Brief Discussion on the Other Companies AAON’s fourth-quarter 2022 has been gaining from multiple price increases initiated throughout the year, reduced impacts from the supply chain and significant production efficiency improvements over all plant floors. Seasonal Sales: Sales of residential central air conditioners, heating equipment, and parts and supplies have historically been seasonal for Watsco and other companies like AAON, Inc. AAON, Comfort Systems USA, Inc. AAON finished the fourth quarter of 2022 with a record backlog of $548.0 million, up 110.6% from $260.2 million on Dec 31, 2021.
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Seasonal Sales: Sales of residential central air conditioners, heating equipment, and parts and supplies have historically been seasonal for Watsco and other companies like AAON, Inc. AAON, Comfort Systems USA, Inc. Click to get this free report Lennox International, Inc. (LII) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report Watsco, Inc. (WSO) : Free Stock Analysis Report To read this article on Zacks.com click here. A Brief Discussion on the Other Companies AAON’s fourth-quarter 2022 has been gaining from multiple price increases initiated throughout the year, reduced impacts from the supply chain and significant production efficiency improvements over all plant floors.
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Seasonal Sales: Sales of residential central air conditioners, heating equipment, and parts and supplies have historically been seasonal for Watsco and other companies like AAON, Inc. AAON, Comfort Systems USA, Inc. Click to get this free report Lennox International, Inc. (LII) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report Watsco, Inc. (WSO) : Free Stock Analysis Report To read this article on Zacks.com click here. A Brief Discussion on the Other Companies AAON’s fourth-quarter 2022 has been gaining from multiple price increases initiated throughout the year, reduced impacts from the supply chain and significant production efficiency improvements over all plant floors.
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Seasonal Sales: Sales of residential central air conditioners, heating equipment, and parts and supplies have historically been seasonal for Watsco and other companies like AAON, Inc. AAON, Comfort Systems USA, Inc. A Brief Discussion on the Other Companies AAON’s fourth-quarter 2022 has been gaining from multiple price increases initiated throughout the year, reduced impacts from the supply chain and significant production efficiency improvements over all plant floors. AAON finished the fourth quarter of 2022 with a record backlog of $548.0 million, up 110.6% from $260.2 million on Dec 31, 2021.
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10386.0
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2023-03-06 00:00:00 UTC
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Aaon (AAON) Is a Great Choice for 'Trend' Investors, Here's Why
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AAON
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https://www.nasdaq.com/articles/aaon-aaon-is-a-great-choice-for-trend-investors-heres-why
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nan
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nan
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While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Aaon (AAON) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. AAON is quite a good fit in this regard, gaining 16.7% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 16.3% over the past four weeks ensures that the trend is still in place for the stock of this maker of air conditioning and heating equipment.
Moreover, AAON is currently trading at 99% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in AAON may not reverse anytime soon.
In addition to AAON, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
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5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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AAON, Inc. (AAON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Aaon (AAON) is one of the several suitable candidates that passed through the screen. AAON is quite a good fit in this regard, gaining 16.7% over this period. Moreover, AAON is currently trading at 99% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
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Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report To read this article on Zacks.com click here. Aaon (AAON) is one of the several suitable candidates that passed through the screen. AAON is quite a good fit in this regard, gaining 16.7% over this period.
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Aaon (AAON) is one of the several suitable candidates that passed through the screen. AAON is quite a good fit in this regard, gaining 16.7% over this period. Moreover, AAON is currently trading at 99% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
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AAON is quite a good fit in this regard, gaining 16.7% over this period. In addition to AAON, there are several other stocks that currently pass through our "Recent Price Strength" screen. Aaon (AAON) is one of the several suitable candidates that passed through the screen.
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10387.0
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2023-03-02 00:00:00 UTC
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Best Momentum Stock to Buy for March 2nd
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AAON
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https://www.nasdaq.com/articles/best-momentum-stock-to-buy-for-march-2nd
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nan
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nan
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Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 2nd:
Brighthouse Financial BHF: This company which is one of the largest providers of annuity and life insurance products in the United States through multiple independent distribution channels and marketing arrangements with a diverse network of distribution partners, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days.
Brighthouse Financial, Inc. Price and Consensus
Brighthouse Financial, Inc. price-consensus-chart | Brighthouse Financial, Inc. Quote
Brighthouse Financial’s shares gained 6.0% over the last three month compared with the S&P 500’s decline of 3.3%. The company possesses a Momentum Score of A.
Brighthouse Financial, Inc. Price
Brighthouse Financial, Inc. price | Brighthouse Financial, Inc. Quote
CNO Financial Group CNO: This top-tier holding company for a group of insurance companies operating throughout the U.S., which develops, administers and markets supplemental health insurance, annuity, individual life insurance and other insurance products, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.7% over the last 60 days.
CNO Financial Group, Inc. Price and Consensus
CNO Financial Group, Inc. price-consensus-chart | CNO Financial Group, Inc. Quote
CNO Financial Group’s shares gained 10.9% over the last month compared with the S&P 500’s decline of 3.3%. The company possesses a Momentum Score of A.
CNO Financial Group, Inc. Price
CNO Financial Group, Inc. price | CNO Financial Group, Inc. Quote
AAON AAON: This company which is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.
AAON, Inc. Price and Consensus
AAON, Inc. price-consensus-chart | AAON, Inc. Quote
AAON’s shares gained 12.6% over the last month compared with the S&P 500’s decline of 3.3%. The company possesses a Momentum Score of B.
AAON, Inc. Price
AAON, Inc. price | AAON, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
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CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company possesses a Momentum Score of A. CNO Financial Group, Inc. Price CNO Financial Group, Inc. price | CNO Financial Group, Inc. Quote AAON AAON: This company which is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days. AAON, Inc. Price and Consensus AAON, Inc. price-consensus-chart | AAON, Inc. Quote AAON’s shares gained 12.6% over the last month compared with the S&P 500’s decline of 3.3%. The company possesses a Momentum Score of B. AAON, Inc. Price AAON, Inc. price | AAON, Inc. Quote See the full list of top ranked stocks here Learn more about the Momentum score and how it is calculated here.
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The company possesses a Momentum Score of A. CNO Financial Group, Inc. Price CNO Financial Group, Inc. price | CNO Financial Group, Inc. Quote AAON AAON: This company which is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days. Click to get this free report CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report To read this article on Zacks.com click here. AAON, Inc. Price and Consensus AAON, Inc. price-consensus-chart | AAON, Inc. Quote AAON’s shares gained 12.6% over the last month compared with the S&P 500’s decline of 3.3%.
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The company possesses a Momentum Score of A. CNO Financial Group, Inc. Price CNO Financial Group, Inc. price | CNO Financial Group, Inc. Quote AAON AAON: This company which is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days. Click to get this free report CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report To read this article on Zacks.com click here. AAON, Inc. Price and Consensus AAON, Inc. price-consensus-chart | AAON, Inc. Quote AAON’s shares gained 12.6% over the last month compared with the S&P 500’s decline of 3.3%.
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The company possesses a Momentum Score of A. CNO Financial Group, Inc. Price CNO Financial Group, Inc. price | CNO Financial Group, Inc. Quote AAON AAON: This company which is a manufacturer of air-conditioning and heating equipment consisting of rooftop units, chillers, air-handling units, condensing units and coils, has a Zacks Rank #1, and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days. AAON, Inc. Price and Consensus AAON, Inc. price-consensus-chart | AAON, Inc. Quote AAON’s shares gained 12.6% over the last month compared with the S&P 500’s decline of 3.3%. The company possesses a Momentum Score of B. AAON, Inc. Price AAON, Inc. price | AAON, Inc. Quote See the full list of top ranked stocks here Learn more about the Momentum score and how it is calculated here.
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10388.0
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2023-03-02 00:00:00 UTC
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Why Shares in AAON Surged in February
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AAON
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https://www.nasdaq.com/articles/why-shares-in-aaon-surged-in-february
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nan
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nan
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What happened
Shares in premium heating, ventilation, and air conditioning (HVAC) company AAON (NASDAQ: AAON) rose 19.2% in February, according to data provided by S&P Global Market Intelligence. The move comes mainly from an excellent set of fourth-quarter 2022 earnings that dispelled fears investors might have had over its trading conditions.
Specifically, AAON operates in the commercial, industrial, data center, and cleanroom end markets. However, the company is relatively less exposed to the residential HVAC market compared to other providers. Given the pressure homeowners face in the rising rate environment, that's a good thing right now. For example, its competitor Carrier's residential and light commercial HVAC orders declined 30% in its fourth quarter, and Trane's residential HVAC bookings in the Americas were down by a mid 20% percentage in the fourth quarter.
Still, Carrier's commercial HVAC orders were up by over 10%, and Trane's Americas bookings were up by a low-teens percentage.
The tale of two HVAC markets continued with AAON reporting strong orders and backlog -- organic bookings were up 45%, and its backlog grew a whopping 110% on a year-over-year basis in the quarter. In fact, as management noted on theearnings call "Our biggest challenge right now continues to be ramping up production fast enough."
So what
AAON's management argues that nonresidential construction data remains strong, and it's not seeing any sign of a slowdown in its end markets. Moreover, the price increases pushed through in 2022 should flow into its profit margins as it delivers on its backlog in 2023.
That said, a lot of commercial construction activity tends to lag behind residential construction activity. For example, commercial facilities tend to be built around expanding housing communities. Moreover, they may well be a pull forward in orders from customers due to the difficulty in fulfilling orders in the current environment due to ongoing supply chain issues.
Now what
As ever, investors need to watch the overall economy. A protracted period of weakness in housing, caused by rising rates, will inevitably have some impact on AAON's commercial markets.
On the other hand, demand for commercial HVAC has strengthened in recent years because of regulatory requirements around emissions and increased awareness of the need for healthy, clean buildings. Don't be surprised if AAON has another strong year in 2023.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So what AAON's management argues that nonresidential construction data remains strong, and it's not seeing any sign of a slowdown in its end markets. A protracted period of weakness in housing, caused by rising rates, will inevitably have some impact on AAON's commercial markets. What happened Shares in premium heating, ventilation, and air conditioning (HVAC) company AAON (NASDAQ: AAON) rose 19.2% in February, according to data provided by S&P Global Market Intelligence.
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What happened Shares in premium heating, ventilation, and air conditioning (HVAC) company AAON (NASDAQ: AAON) rose 19.2% in February, according to data provided by S&P Global Market Intelligence. The tale of two HVAC markets continued with AAON reporting strong orders and backlog -- organic bookings were up 45%, and its backlog grew a whopping 110% on a year-over-year basis in the quarter. Specifically, AAON operates in the commercial, industrial, data center, and cleanroom end markets.
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What happened Shares in premium heating, ventilation, and air conditioning (HVAC) company AAON (NASDAQ: AAON) rose 19.2% in February, according to data provided by S&P Global Market Intelligence. The tale of two HVAC markets continued with AAON reporting strong orders and backlog -- organic bookings were up 45%, and its backlog grew a whopping 110% on a year-over-year basis in the quarter. Specifically, AAON operates in the commercial, industrial, data center, and cleanroom end markets.
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The tale of two HVAC markets continued with AAON reporting strong orders and backlog -- organic bookings were up 45%, and its backlog grew a whopping 110% on a year-over-year basis in the quarter. So what AAON's management argues that nonresidential construction data remains strong, and it's not seeing any sign of a slowdown in its end markets. A protracted period of weakness in housing, caused by rising rates, will inevitably have some impact on AAON's commercial markets.
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10389.0
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2023-02-22 00:00:00 UTC
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Zacks Industry Outlook Highlights Lennox International and AAON
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AAON
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-lennox-international-and-aaon
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nan
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nan
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For Immediate Release
Chicago, IL – February 22, 2023 – Today, Zacks Equity Research discusses Lennox International Inc. LII and AAON, Inc. AAON.
Industry: Heating & Air Conditioning
Link: https://www.zacks.com/commentary/2056918/2-air-conditioner-heating-stocks-from-a-challenging-industry
Housing market slowdown, supply-chain disruptions and inflationary pressures have been creating hurdles for the Zacks Building Products - Air Conditioner & Heating industry. That said, industry players like Lennox International Inc. and AAON, Inc. have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. Also, the replacement of older systems to reduce electricity consumption and carbon footprint, as well as planned investments in technologies to capture more growth, is acting as a major tailwind for the industry participants.
Industry Description
The Zacks Building Products - Air Conditioner & Heating industry comprises designers, manufacturers, and marketers of a broad range of products for heating, ventilation, air conditioning, and refrigeration markets. The products include rooftop units, chillers, air-handling units, condensing units and coils.
The industry players also supply thermostats, insulation materials, refrigerants, grills, registers, sheet metal, tools, concrete pads, tape and adhesives. Air conditioning and heating equipment are sold in residential replacement, commercial and industrial HVAC (heating, ventilation and air conditioning) as well as residential new construction markets.
3 Trends Shaping the Future of the Air Conditioner & Heating Industry
Housing Market Slowdown, Supply-Chain Woes, Rising Costs, Regulations: The recent slowdown in the U.S. housing market has been impacting the demand for industry players' products. Presently, the outlook for the housing industry remains less favorable compared to the last couple of years due to several ongoing headwinds, such as a rapid increase in mortgage rates, housing affordability challenges, high inflation and growing concerns about the economy.
Meanwhile, supply-chain disruptions and rising raw material costs have been hurting the profit margins of industry participants. Supply-chain constraints remain a key issue, resulting in inefficiencies and larger inventory. Operating expenses of companies are rising, thanks to pandemic-related business challenges and sharp rises in variable operating expenses, including company-wide, performance-based compensation, excessive logistics and freight costs.
The industry is also susceptible to stringent governmental regulations on energy efficiency and gas emissions. HVAC systems use refrigerants for cooling, which is harmful to humans and the environment. Also, stiff competition and the impact of seasonality on the industry's revenues are significant risks.
U.S. Administration's Pro-Environmental Moves: Reducing greenhouse gas emissions for a cleaner environmental footprint has been a major focus of the U.S. administration. Many industry participants remain engaged in supporting industries and facilities by selling and maintaining clean and efficient energy systems to reach their environmental goals for carbon reduction while providing resiliency to grid outages.
The companies are gaining from the fast-growing controlled environment agriculture industry, courtesy of their consistent supply of clean cooling solutions. Overall, the companies are well positioned to gain from the renewable energy drive of the pro-environmental U.S. administration. Meanwhile, the companies have also been benefiting from an improvement in the non-residential market along with a rise in repair and remodeling activities.
Technology Augmentation & Inorganic Moves: Persistent investments in technologies designed to revolutionize customer experience seem vital for the industry. Digitization of the companies' marketplace via e-commerce and iOS/Android-enabled apps, supported by a comprehensive database of product information, continues to see strong momentum. Importantly, new investments in the expansion of distribution, research and development projects, and marketing programs are contributing significantly to the companies' top lines.
The players are also actively pursuing accretive acquisitions to broaden their product portfolio and expand their geographic footprint as well as market share. Meanwhile, services associated with maintaining, monitoring and repairing the existing equipment are also providing industry participants with stable revenue sources. The industry generates a major share of revenues from these services, which consumers generally cannot suspend even when the construction market fluctuates.
Zacks Industry Rank Indicates Dull Prospects
The Zacks Building Products - Air Conditioner & Heating industry is a six-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #178, which places it in the bottom 29% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry's positioning in the bottom 50% of the Zacks-ranked industries is a result of the bleak earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group's earnings growth potential. Since October 2022, the industry's earnings estimates for 2023 have decreased to $4.73 per share from $4.91.
Despite the industry's blurred near-term view, we will present a few stocks that one may consider adding to their portfolio. Before that, it's worth taking a look at the industry's shareholder returns and current valuation.
Industry Outperforms S&P 500, Sector
The Zacks Air Conditioner & Heating industry has outperformed the broader Zacks Construction sector and Zacks S&P 500 composite over the past year.
Over this period, the industry has gained 20% compared with the broader sector's 3.5% rise. Meanwhile, the Zacks S&P 500 composite has slipped 6.8% during the period.
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing Air Conditioner and Heating stocks, the industry is currently trading at 27.6X versus the S&P 500's 18.4X and the sector's 15.4X.
Over the past five years, the industry has traded as high as 39.9X, as low as 19.4X and at a median of 24.3X.
2 Air Conditioner and Heating Stocks to Keep a Close Eye On
Below, we have discussed two stocks from the Zacks Air Conditioner & Heating universe that have solid growth potential. The chosen companies currently carry a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. The company maintains a balance between new construction and replacement applications and is making the most of robust replacement demand, broadly across the non-residential building market. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON. While supply-chain issues and inflation caused similar issues, BasX has been flexible in adapting to challenges.
AAON has gained 39% over the past year. Earnings are expected to grow 50% in 2023.
Lennox: This Richardson, TX-based company provides energy-efficient climate-control solutions. Growth across all three segments (Residential, Commercial and Refrigeration) and solid execution on Commercial business profit recovery have been driving Lennox. The company has been implementing higher pricing to outpace the ongoing inflationary challenges.
Lennox has gained 7% over the past year. The company is expected to witness 5.5% earnings growth in 2023.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Lennox International, Inc. (LII) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – February 22, 2023 – Today, Zacks Equity Research discusses Lennox International Inc. LII and AAON, Inc. AAON. That said, industry players like Lennox International Inc. and AAON, Inc. have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment.
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Click to get this free report Lennox International, Inc. (LII) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – February 22, 2023 – Today, Zacks Equity Research discusses Lennox International Inc. LII and AAON, Inc. AAON. That said, industry players like Lennox International Inc. and AAON, Inc. have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices.
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For Immediate Release Chicago, IL – February 22, 2023 – Today, Zacks Equity Research discusses Lennox International Inc. LII and AAON, Inc. AAON. That said, industry players like Lennox International Inc. and AAON, Inc. have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment.
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AAON has gained 39% over the past year. For Immediate Release Chicago, IL – February 22, 2023 – Today, Zacks Equity Research discusses Lennox International Inc. LII and AAON, Inc. AAON. That said, industry players like Lennox International Inc. and AAON, Inc. have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices.
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10390.0
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2023-02-21 00:00:00 UTC
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2 Air Conditioner & Heating Stocks From a Challenging Industry
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AAON
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https://www.nasdaq.com/articles/2-air-conditioner-heating-stocks-from-a-challenging-industry-0
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nan
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nan
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Housing market slowdown, supply-chain disruptions and inflationary pressures have been creating hurdles for the Zacks Building Products - Air Conditioner & Heating industry. That said, industry players like Lennox International Inc. LII and AAON, Inc. AAON have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. Also, the replacement of older systems to reduce electricity consumption and carbon footprint, as well as planned investments in technologies to capture more growth, is acting as a major tailwind for the industry participants.
Industry Description
The Zacks Building Products - Air Conditioner & Heating industry comprises designers, manufacturers, and marketers of a broad range of products for heating, ventilation, air conditioning, and refrigeration markets. The products include rooftop units, chillers, air-handling units, condensing units and coils. The industry players also supply thermostats, insulation materials, refrigerants, grills, registers, sheet metal, tools, concrete pads, tape and adhesives. Air conditioning and heating equipment are sold in residential replacement, commercial and industrial HVAC (heating, ventilation and air conditioning) as well as residential new construction markets.
3 Trends Shaping the Future of the Air Conditioner & Heating Industry
Housing Market Slowdown, Supply-Chain Woes, Rising Costs, Regulations: The recent slowdown in the U.S. housing market has been impacting the demand for industry players’ products. Presently, the outlook for the housing industry remains less favorable compared to the last couple of years due to several ongoing headwinds, such as a rapid increase in mortgage rates, housing affordability challenges, high inflation and growing concerns about the economy.
Meanwhile, supply-chain disruptions and rising raw material costs have been hurting the profit margins of industry participants. Supply-chain constraints remain a key issue, resulting in inefficiencies and larger inventory. Operating expenses of companies are rising, thanks to pandemic-related business challenges and sharp rises in variable operating expenses, including company-wide, performance-based compensation, excessive logistics and freight costs. Meanwhile, the industry is also susceptible to stringent governmental regulations on energy efficiency and gas emissions. HVAC systems use refrigerants for cooling, which is harmful to humans and the environment. Also, stiff competition and the impact of seasonality on the industry’s revenues are significant risks.
U.S. Administration’s Pro-Environmental Moves: Reducing greenhouse gas emissions for a cleaner environmental footprint has been a major focus of the U.S. administration. Many industry participants remain engaged in supporting industries and facilities by selling and maintaining clean and efficient energy systems to reach their environmental goals for carbon reduction while providing resiliency to grid outages. The companies are gaining from the fast-growing controlled environment agriculture industry, courtesy of their consistent supply of clean cooling solutions. Overall, the companies are well positioned to gain from the renewable energy drive of the pro-environmental U.S. administration. Meanwhile, the companies have also been benefiting from an improvement in the non-residential market along with a rise in repair and remodeling activities.
Technology Augmentation & Inorganic Moves: Persistent investments in technologies designed to revolutionize customer experience seem vital for the industry. Digitization of the companies’ marketplace via e-commerce and iOS/Android-enabled apps, supported by a comprehensive database of product information, continues to see strong momentum. Importantly, new investments in the expansion of distribution, research and development projects, and marketing programs are contributing significantly to the companies’ top lines. The players are also actively pursuing accretive acquisitions to broaden their product portfolio and expand their geographic footprint as well as market share. Meanwhile, services associated with maintaining, monitoring and repairing the existing equipment are also providing industry participants with stable revenue sources. The industry generates a major share of revenues from these services, which consumers generally cannot suspend even when the construction market fluctuates.
Zacks Industry Rank Indicates Dull Prospects
The Zacks Building Products - Air Conditioner & Heating industry is a six-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #178, which places it in the bottom 29% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of the bleak earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. Since October 2022, the industry’s earnings estimates for 2023 have decreased to $4.73 per share from $4.91.
Despite the industry’s blurred near-term view, we will present a few stocks that one may consider adding to their portfolio. Before that, it’s worth taking a look at the industry’s shareholder returns and current valuation.
Industry Outperforms S&P 500, Sector
The Zacks Air Conditioner & Heating industry has outperformed the broader Zacks Construction sector and Zacks S&P 500 composite over the past year.
Over this period, the industry has gained 20% compared with the broader sector’s 3.5% rise. Meanwhile, the Zacks S&P 500 composite has slipped 6.8% during the period.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing Air Conditioner and Heating stocks, the industry is currently trading at 27.6X versus the S&P 500’s 18.4X and the sector’s 15.4X.
Over the past five years, the industry has traded as high as 39.9X, as low as 19.4X and at a median of 24.3X, as the chart below shows.
Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500
2 Air Conditioner and Heating Stocks to Keep a Close Eye On
Below, we have discussed two stocks from the Zacks Air Conditioner & Heating universe that have solid growth potential. The chosen companies currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. The company maintains a balance between new construction and replacement applications and is making the most of robust replacement demand, broadly across the non-residential building market. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON. While supply-chain issues and inflation caused similar issues, BasX has been flexible in adapting to challenges.
AAON has gained 39% over the past year. Earnings are expected to grow 50% in 2023.
Price and Consensus: AAON
Lennox: This Richardson, TX-based company provides energy-efficient climate-control solutions. Growth across all three segments (Residential, Commercial and Refrigeration) and solid execution on Commercial business profit recovery have been driving Lennox. The company has been implementing higher pricing to outpace the ongoing inflationary challenges.
Lennox has gained 7% over the past year. The company is expected to witness 5.5% earnings growth in 2023.
Price and Consensus: LII
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
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Lennox International, Inc. (LII) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That said, industry players like Lennox International Inc. LII and AAON, Inc. AAON have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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Click to get this free report Lennox International, Inc. (LII) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report To read this article on Zacks.com click here. That said, industry players like Lennox International Inc. LII and AAON, Inc. AAON have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment.
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That said, industry players like Lennox International Inc. LII and AAON, Inc. AAON have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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That said, industry players like Lennox International Inc. LII and AAON, Inc. AAON have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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10391.0
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2023-02-21 00:00:00 UTC
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2 Air Conditioner & Heating Stocks From a Challenging Industry
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AAON
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https://www.nasdaq.com/articles/2-air-conditioner-heating-stocks-from-a-challenging-industry
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Housing market slowdown, supply-chain disruptions and inflationary pressures have been creating hurdles for the Zacks Building Products - Air Conditioner & Heating industry. That said, industry players like Lennox International Inc. LII and AAON, Inc. AAON have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. Also, the replacement of older systems to reduce electricity consumption and carbon footprint, as well as planned investments in technologies to capture more growth, is acting as a major tailwind for the industry participants.
Industry Description
The Zacks Building Products - Air Conditioner & Heating industry comprises designers, manufacturers, and marketers of a broad range of products for heating, ventilation, air conditioning, and refrigeration markets. The products include rooftop units, chillers, air-handling units, condensing units and coils. The industry players also supply thermostats, insulation materials, refrigerants, grills, registers, sheet metal, tools, concrete pads, tape and adhesives. Air conditioning and heating equipment are sold in residential replacement, commercial and industrial HVAC (heating, ventilation and air conditioning) as well as residential new construction markets.
3 Trends Shaping the Future of the Air Conditioner & Heating Industry
Housing Market Slowdown, Supply-Chain Woes, Rising Costs, Regulations: The recent slowdown in the U.S. housing market has been impacting the demand for industry players’ products. Presently, the outlook for the housing industry remains less favorable compared to the last couple of years due to several ongoing headwinds, such as a rapid increase in mortgage rates, housing affordability challenges, high inflation and growing concerns about the economy.
Meanwhile, supply-chain disruptions and rising raw material costs have been hurting the profit margins of industry participants. Supply-chain constraints remain a key issue, resulting in inefficiencies and larger inventory. Operating expenses of companies are rising, thanks to pandemic-related business challenges and sharp rises in variable operating expenses, including company-wide, performance-based compensation, excessive logistics and freight costs. Meanwhile, the industry is also susceptible to stringent governmental regulations on energy efficiency and gas emissions. HVAC systems use refrigerants for cooling, which is harmful to humans and the environment. Also, stiff competition and the impact of seasonality on the industry’s revenues are significant risks.
U.S. Administration’s Pro-Environmental Moves: Reducing greenhouse gas emissions for a cleaner environmental footprint has been a major focus of the U.S. administration. Many industry participants remain engaged in supporting industries and facilities by selling and maintaining clean and efficient energy systems to reach their environmental goals for carbon reduction while providing resiliency to grid outages. The companies are gaining from the fast-growing controlled environment agriculture industry, courtesy of their consistent supply of clean cooling solutions. Overall, the companies are well positioned to gain from the renewable energy drive of the pro-environmental U.S. administration. Meanwhile, the companies have also been benefiting from an improvement in the non-residential market along with a rise in repair and remodeling activities.
Technology Augmentation & Inorganic Moves: Persistent investments in technologies designed to revolutionize customer experience seem vital for the industry. Digitization of the companies’ marketplace via e-commerce and iOS/Android-enabled apps, supported by a comprehensive database of product information, continues to see strong momentum. Importantly, new investments in the expansion of distribution, research and development projects, and marketing programs are contributing significantly to the companies’ top lines. The players are also actively pursuing accretive acquisitions to broaden their product portfolio and expand their geographic footprint as well as market share. Meanwhile, services associated with maintaining, monitoring and repairing the existing equipment are also providing industry participants with stable revenue sources. The industry generates a major share of revenues from these services, which consumers generally cannot suspend even when the construction market fluctuates.
Zacks Industry Rank Indicates Dull Prospects
The Zacks Building Products - Air Conditioner & Heating industry is a six-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #178, which places it in the bottom 29% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of the bleak earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. Since October 2022, the industry’s earnings estimates for 2023 have decreased to $4.73 per share from $4.91.
Despite the industry’s blurred near-term view, we will present a few stocks that one may consider adding to their portfolio. Before that, it’s worth taking a look at the industry’s shareholder returns and current valuation.
Industry Outperforms S&P 500, Sector
The Zacks Air Conditioner & Heating industry has outperformed the broader Zacks Construction sector and Zacks S&P 500 composite over the past year.
Over this period, the industry has gained 20% compared with the broader sector’s 3.5% rise. Meanwhile, the Zacks S&P 500 composite has slipped 6.8% during the period.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing Air Conditioner and Heating stocks, the industry is currently trading at 27.6X versus the S&P 500’s 18.4X and the sector’s 15.4X.
Over the past five years, the industry has traded as high as 39.9X, as low as 19.4X and at a median of 24.3X, as the chart below shows.
Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500
2 Air Conditioner and Heating Stocks to Keep a Close Eye On
Below, we have discussed two stocks from the Zacks Air Conditioner & Heating universe that have solid growth potential. The chosen companies currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. The company maintains a balance between new construction and replacement applications and is making the most of robust replacement demand, broadly across the non-residential building market. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON. While supply-chain issues and inflation caused similar issues, BasX has been flexible in adapting to challenges.
AAON has gained 39% over the past year. Earnings are expected to grow 50% in 2023.
Price and Consensus: AAON
Lennox: This Richardson, TX-based company provides energy-efficient climate-control solutions. Growth across all three segments (Residential, Commercial and Refrigeration) and solid execution on Commercial business profit recovery have been driving Lennox. The company has been implementing higher pricing to outpace the ongoing inflationary challenges.
Lennox has gained 7% over the past year. The company is expected to witness 5.5% earnings growth in 2023.
Price and Consensus: LII
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Lennox International, Inc. (LII) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That said, industry players like Lennox International Inc. LII and AAON, Inc. AAON have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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Click to get this free report Lennox International, Inc. (LII) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report To read this article on Zacks.com click here. That said, industry players like Lennox International Inc. LII and AAON, Inc. AAON have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment.
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That said, industry players like Lennox International Inc. LII and AAON, Inc. AAON have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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That said, industry players like Lennox International Inc. LII and AAON, Inc. AAON have been benefiting from maintenance, monitoring and repairing services along with prudent cost-management practices. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. Despite inflationary cost pressure, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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10392.0
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2023-02-09 00:00:00 UTC
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Vanguard Group Increases Position in AAON (AAON)
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AAON
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https://www.nasdaq.com/articles/vanguard-group-increases-position-in-aaon-aaon
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Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 4.63MM shares of AAON, Inc. (AAON). This represents 8.7% of the company.
In their previous filing dated February 9, 2022 they reported 4.43MM shares and 8.45% of the company, an increase in shares of 4.44% and an increase in total ownership of 0.25% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 0.16% Upside
As of February 8, 2023, the average one-year price target for AAON is $77.18. The forecasts range from a low of $75.75 to a high of $80.85. The average price target represents an increase of 0.16% from its latest reported closing price of $77.06.
The projected annual revenue for AAON is $1,029MM, an increase of 33.55%. The projected annual EPS is $2.49, an increase of 94.61%.
What is the Fund Sentiment?
There are 486 funds or institutions reporting positions in AAON. This is an increase of 20 owner(s) or 4.29% in the last quarter. Average portfolio weight of all funds dedicated to AAON is 0.22%, an increase of 14.80%. Total shares owned by institutions decreased in the last three months by 1.29% to 47,820K shares. The put/call ratio of AAON is 1.04, indicating a bearish outlook.
What are large shareholders doing?
Kayne Anderson Rudnick Investment Management holds 3,538K shares representing 6.65% ownership of the company. In it's prior filing, the firm reported owning 3,653K shares, representing a decrease of 3.27%. The firm decreased its portfolio allocation in AAON by 26.50% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,070K shares representing 5.77% ownership of the company. In it's prior filing, the firm reported owning 2,926K shares, representing an increase of 4.68%. The firm increased its portfolio allocation in AAON by 4.77% over the last quarter.
PSGAX - Virtus KAR Small-Cap Growth Fund holds 2,607K shares representing 4.90% ownership of the company. In it's prior filing, the firm reported owning 2,707K shares, representing a decrease of 3.84%. The firm increased its portfolio allocation in AAON by 5.38% over the last quarter.
Conestoga Capital Advisors holds 2,513K shares representing 4.72% ownership of the company. In it's prior filing, the firm reported owning 2,529K shares, representing a decrease of 0.63%. The firm increased its portfolio allocation in AAON by 32.84% over the last quarter.
CCASX - Conestoga Small Cap Fund Investors Class holds 1,752K shares representing 3.29% ownership of the company. No change in the last quarter.
AAON Declares $0.24 Dividend
On November 8, 2022 the company declared a regular semi-annual dividend of $0.24 per share ($0.48 annualized). Shareholders of record as of November 25, 2022 received the payment on December 16, 2022. Previously, the company paid $0.19 per share.
At the current share price of $77.06 / share, the stock's dividend yield is 0.62%. Looking back five years and taking a sample every week, the average dividend yield has been 0.71%, the lowest has been 0.47%, and the highest has been 1.54%. The standard deviation of yields is 0.20 (n=236).
The current dividend yield is 0.43 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.38. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.50%, demonstrating that it has increased its dividend over time.
AAON Background Information
(This description is provided by the company.)
AAON, Inc. is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils and controls. Since the founding of AAON in 1988, AAON has maintained a commitment to design, develop, manufacture and deliver heating and cooling products to perform beyond all expectations and demonstrate the value of AAON to its customers.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 4.63MM shares of AAON, Inc. (AAON). Analyst Price Forecast Suggests 0.16% Upside As of February 8, 2023, the average one-year price target for AAON is $77.18. The projected annual revenue for AAON is $1,029MM, an increase of 33.55%.
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Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 4.63MM shares of AAON, Inc. (AAON). Analyst Price Forecast Suggests 0.16% Upside As of February 8, 2023, the average one-year price target for AAON is $77.18. The projected annual revenue for AAON is $1,029MM, an increase of 33.55%.
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Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 4.63MM shares of AAON, Inc. (AAON). AAON Declares $0.24 Dividend On November 8, 2022 the company declared a regular semi-annual dividend of $0.24 per share ($0.48 annualized). Analyst Price Forecast Suggests 0.16% Upside As of February 8, 2023, the average one-year price target for AAON is $77.18.
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Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 4.63MM shares of AAON, Inc. (AAON). Analyst Price Forecast Suggests 0.16% Upside As of February 8, 2023, the average one-year price target for AAON is $77.18. The projected annual revenue for AAON is $1,029MM, an increase of 33.55%.
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10393.0
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2023-01-09 00:00:00 UTC
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AAON Crosses Above Average Analyst Target
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AAON
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https://www.nasdaq.com/articles/aaon-crosses-above-average-analyst-target
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In recent trading, shares of AAON, Inc. (Symbol: AAON) have crossed above the average analyst 12-month target price of $73.33, changing hands for $74.19/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 3 different analyst targets within the Zacks coverage universe contributing to that average for AAON, Inc., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $72.00. And then on the other side of the spectrum one analyst has a target as high as $75.00. The standard deviation is $1.527.
But the whole reason to look at the average AAON price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAON crossing above that average target price of $73.33/share, investors in AAON have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $73.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover AAON, Inc.:
RECENT AAON ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 3 3 3 3
Buy ratings: 0 0 0 0
Hold ratings: 0 0 0 0
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.0 1.0 1.0 1.0
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on AAON — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But the whole reason to look at the average AAON price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with AAON crossing above that average target price of $73.33/share, investors in AAON have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $73.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of AAON, Inc. (Symbol: AAON) have crossed above the average analyst 12-month target price of $73.33, changing hands for $74.19/share.
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In recent trading, shares of AAON, Inc. (Symbol: AAON) have crossed above the average analyst 12-month target price of $73.33, changing hands for $74.19/share. But the whole reason to look at the average AAON price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. There are 3 different analyst targets within the Zacks coverage universe contributing to that average for AAON, Inc., but the average is just that — a mathematical average.
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There are 3 different analyst targets within the Zacks coverage universe contributing to that average for AAON, Inc., but the average is just that — a mathematical average. And so with AAON crossing above that average target price of $73.33/share, investors in AAON have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $73.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of AAON, Inc. (Symbol: AAON) have crossed above the average analyst 12-month target price of $73.33, changing hands for $74.19/share.
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There are 3 different analyst targets within the Zacks coverage universe contributing to that average for AAON, Inc., but the average is just that — a mathematical average. Get the latest Zacks research report on AAON — FREE. In recent trading, shares of AAON, Inc. (Symbol: AAON) have crossed above the average analyst 12-month target price of $73.33, changing hands for $74.19/share.
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10394.0
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2022-12-27 00:00:00 UTC
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5 Construction Stocks to Sail Through the Choppy Housing Market
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AAON
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https://www.nasdaq.com/articles/5-construction-stocks-to-sail-through-the-choppy-housing-market
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The U.S. homebuilders are pessimistic about 2023 and expect 2024 to show some recovery. This is due to inflationary pressure, supply-chain disruptions, labor and transportation woes and heightened affordability issues. The Builder confidence for newly built single-family homes continued to fall for the 12th straight month in December by two points, per the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This marked the lowest reading since mid-2012, barring May 2020.
The negative builder sentiment can be seen in the future performance of the most relatable housing statistics. In November, building permits and housing starts declined 11.2% and 0.5% from October, and 22.4% and 16.4% from November 2021, respectively. Also, existing-home sales declined 7.7% from a month ago and 35.4% year over year. Sales of new single-family houses in November rose 5.8% from October but were 15.3% below November 2021 level. These metrics are likely to remain downward in December 2022 as well.
Federal Reserve’s move to tighten monetary policy and curb inflation is a major concern for homebuilders and buyers. Homebuilders are bound to increase home prices as they suffer from elevated material and labor costs. This and strikingly higher mortgage rates make it difficult for buyers to buy new homes.
But investors might sense relief at the end of the year as the recent inflation, material prices and mortgage rates data are encouraging. In November, Consumer Price Index (CPI) or inflation rose by 0.1% from October. Adding to the positives, prices of building materials dropped 0.3% in November from a month ago. The 30-year fixed-rate mortgage continued to fall to 6.27% for the week ending Dec 22 from 7.08% on Nov 10 week. Per the latest Conference Board data, U.S. consumer confidence also rose to an eight-month high in December to 108.3.
Although these point to a positive tone for housing and related industries, builders are not in favor of a rebound in the next few months.
Defying the prevailing headwinds, we have highlighted five stocks, Toll Brothers, Inc. TOL from the Zacks Building Products - Home Builders industry, AAON Inc. AAON and Comfort Systems USA, Inc. FIX from the Zacks Building Products - Air Conditioner and Heating industry, LSI Industries Inc. LYTS from the Zacks Building Products - Lighting industry and Janus International Group, Inc. JBI from the Zacks Building Products - Miscellaneous industry, that are poised to gain traction in the near term.
Other than Toll Brothers, these stocks boast a solid Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
A Look at the Above-Mentioned Stocks’ Prospects
The above-mentioned Zacks Construction sector stocks are selected with the help of the Zacks Stock Screener. Our research shows such stocks offer good investment opportunities.
The suggested stocks might have declined due to the ongoing headwinds but have a solid earnings growth rate and are expected to perform well in 2023. This positive trend signifies bullish analyst sentiment, indicating robust fundamentals and the expectation of outperformance in the near term.
Toll Brothers is a leading builder of luxury homes. The company has been benefiting from its strategy of broadening its product lines, price points and geographies. Also, it has been gaining from the lack of competition in the luxury new home market, its build-to-order approach and solid backlog level.
Although TOL carries a Zacks Rank #3 (Hold), its solid prospects is encouraging. Fiscal 2023 earnings of Toll Brothers moved up to $8.01 per share from $7.22 in the past 30 days. The stock has gained 18% over the past three months.
Comfort Systems company is a national provider of comprehensive heating, ventilation and air conditioning installation along with maintenance, repair and replacement services. A solid backlog level and substantial ongoing investments in training, productivity and technology are expected to drive growth. Overall positive trends — primarily in industrial, technology, and manufacturing markets served by the company — as well as accretive buyouts are encouraging. The acquisitions have expanded its scale, increased recurring service revenues, and enhanced expertise in complex markets, including industrial, technology and life sciences.
Comfort Systems has gained 18.5% over the past three months. The company is expected to witness 17.7% earnings growth in 2023. The Zacks Consensus Estimate for next-year earnings has improved to $6.05 per share from $5.91 in the past 60 days.
AAON engineers, manufactures and markets air conditioning as well as heating equipment. The company maintains a balance between new construction and replacement applications and is making the most of robust replacement demand, broadly across the non-residential building market. Despite inflationary cost pressures, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON. While supply-chain issues and inflation caused similar issues, BasX has been flexible in adapting to challenges.
AAON has gained 36.2% over the past three months. Earnings are expected to grow 50% in 2023.
LSI Industries makes high-quality lighting solutions primarily targeted at petroleum convenience stores, multisite retail and commercial industrial lighting markets.
LYTS has gained 61.5% in the past three months. The Zacks Consensus Estimate for fiscal 2023 and fiscal 2024 earnings has improved to 76 cents per share and 83 cents per share from 69 cents per share and 83 cents per share, respectively, in the past 60 days. These indicate 18.8% and 9.2% year-over-year growth for fiscal 2023 and fiscal 2024, respectively.
Janus manufactures and supplies turn-key self-storage and commercial and industrial building solutions. Solid backlog levels, an impressive project pipeline, productivity improvements and commercial actions, including pricing, are expected to drive growth. The company is expected to benefit from its one-stop-shop offering with a leading market share in self-storage doors and related design and installation services.
Janus’ earnings for 2023 are expected to rise 16.9% year over year. The Zacks Consensus Estimate for next-year earnings has improved to 88 cents per share from 80 cents per share in the past 60 days. The stock has gained 2.5% in the past three months.
The chart below shows the price performance of our five picks for past three months.
Image Source: Zacks Investment Research
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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Toll Brothers Inc. (TOL) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report
LSI Industries Inc. (LYTS) : Free Stock Analysis Report
Janus International Group, Inc. (JBI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Defying the prevailing headwinds, we have highlighted five stocks, Toll Brothers, Inc. TOL from the Zacks Building Products - Home Builders industry, AAON Inc. AAON and Comfort Systems USA, Inc. AAON engineers, manufactures and markets air conditioning as well as heating equipment. Despite inflationary cost pressures, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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Defying the prevailing headwinds, we have highlighted five stocks, Toll Brothers, Inc. TOL from the Zacks Building Products - Home Builders industry, AAON Inc. AAON and Comfort Systems USA, Inc. Click to get this free report Toll Brothers Inc. (TOL) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report LSI Industries Inc. (LYTS) : Free Stock Analysis Report Janus International Group, Inc. (JBI) : Free Stock Analysis Report To read this article on Zacks.com click here. AAON engineers, manufactures and markets air conditioning as well as heating equipment.
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Click to get this free report Toll Brothers Inc. (TOL) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report LSI Industries Inc. (LYTS) : Free Stock Analysis Report Janus International Group, Inc. (JBI) : Free Stock Analysis Report To read this article on Zacks.com click here. Defying the prevailing headwinds, we have highlighted five stocks, Toll Brothers, Inc. TOL from the Zacks Building Products - Home Builders industry, AAON Inc. AAON and Comfort Systems USA, Inc. AAON engineers, manufactures and markets air conditioning as well as heating equipment.
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Defying the prevailing headwinds, we have highlighted five stocks, Toll Brothers, Inc. TOL from the Zacks Building Products - Home Builders industry, AAON Inc. AAON and Comfort Systems USA, Inc. AAON engineers, manufactures and markets air conditioning as well as heating equipment. Despite inflationary cost pressures, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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10395.0
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2022-12-13 00:00:00 UTC
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Is AAON (AAON) Stock Outpacing Its Construction Peers This Year?
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AAON
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https://www.nasdaq.com/articles/is-aaon-aaon-stock-outpacing-its-construction-peers-this-year
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Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Aaon is a member of the Construction sector. This group includes 101 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Aaon is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AAON's full-year earnings has moved 6.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that AAON has returned about 0.2% since the start of the calendar year. Meanwhile, the Construction sector has returned an average of -19.3% on a year-to-date basis. As we can see, Aaon is performing better than its sector in the calendar year.
One other Construction stock that has outperformed the sector so far this year is ChampionX (CHX). The stock is up 38% year-to-date.
In ChampionX's case, the consensus EPS estimate for the current year increased 1.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Aaon belongs to the Building Products - Air Conditioner and Heating industry, which includes 6 individual stocks and currently sits at #35 in the Zacks Industry Rank. On average, this group has lost an average of 15.5% so far this year, meaning that AAON is performing better in terms of year-to-date returns.
On the other hand, ChampionX belongs to the Engineering - R and D Services industry. This 20-stock industry is currently ranked #59. The industry has moved +10.1% year to date.
Aaon and ChampionX could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
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AAON, Inc. (AAON) : Free Stock Analysis Report
ChampionX Corporation (CHX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Zacks Consensus Estimate for AAON's full-year earnings has moved 6.3% higher within the past quarter. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Aaon is a member of the Construction sector.
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Aaon and ChampionX could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report ChampionX Corporation (CHX) : Free Stock Analysis Report To read this article on Zacks.com click here. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole?
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Aaon and ChampionX could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks. Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report ChampionX Corporation (CHX) : Free Stock Analysis Report To read this article on Zacks.com click here. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole?
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On average, this group has lost an average of 15.5% so far this year, meaning that AAON is performing better in terms of year-to-date returns. Aaon (AAON) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Aaon is a member of the Construction sector.
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10396.0
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2022-12-07 00:00:00 UTC
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Pre-market Movers: MDB, LE, SAI, HTOO, MMAT…
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AAON
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https://www.nasdaq.com/articles/pre-market-movers%3A-mdb-le-sai-htoo-mmat...
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(RTTNews) - The following are some of the stocks making big moves in Wednesday's pre-market trading (as of 07.10 A.M. ET).
In the Green
MongoDB, Inc. (MDB) is up over 27% at $184.53 Lands' End, Inc. (LE) is up over 17% at $9.70 SAI.TECH Global Corporation (SAI) is up over 15% at $3.49 Fusion Fuel Green PLC (HTOO) is up over 13% at $5.75 Meta Materials Inc. (MMAT) is up over 12% at $2.19 AAON, Inc. (AAON) is up over 5% at $81.98
In the Red
TDH Holdings, Inc. (PETZ) is down over 10% at $2.01 Clearfield, Inc. (CLFD) is down over 7% at $102.50 MINISO Group Holding Limited (MNSO) is down over 7% at $10.73 Sunlands Technology Group (STG) is down over 6% at $6.50 Grindr Inc. (GRND) is down over 6% at $5.96 Ra Medical Systems, Inc. (RMED) is down over 6% at $5.17 RLX Technology Inc. (RLX) is down over 6% at $2.42 JD.com, Inc. (JD) is down over 5% at $57.05 Vipshop Holdings Limited (VIPS) is down over 5% at $12.03 XPeng Inc. (XPEV) is down over 5% at $11.04
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the Green MongoDB, Inc. (MDB) is up over 27% at $184.53 Lands' End, Inc. (LE) is up over 17% at $9.70 SAI.TECH Global Corporation (SAI) is up over 15% at $3.49 Fusion Fuel Green PLC (HTOO) is up over 13% at $5.75 Meta Materials Inc. (MMAT) is up over 12% at $2.19 AAON, Inc. (AAON) is up over 5% at $81.98 In the Red TDH Holdings, Inc. (PETZ) is down over 10% at $2.01 Clearfield, Inc. (CLFD) is down over 7% at $102.50 MINISO Group Holding Limited (MNSO) is down over 7% at $10.73 Sunlands Technology Group (STG) is down over 6% at $6.50 Grindr Inc. (GRND) is down over 6% at $5.96 Ra Medical Systems, Inc. (RMED) is down over 6% at $5.17 RLX Technology Inc. (RLX) is down over 6% at $2.42 JD.com, Inc. (JD) is down over 5% at $57.05 Vipshop Holdings Limited (VIPS) is down over 5% at $12.03 XPeng Inc. (XPEV) is down over 5% at $11.04 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Wednesday's pre-market trading (as of 07.10 A.M. ET).
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In the Green MongoDB, Inc. (MDB) is up over 27% at $184.53 Lands' End, Inc. (LE) is up over 17% at $9.70 SAI.TECH Global Corporation (SAI) is up over 15% at $3.49 Fusion Fuel Green PLC (HTOO) is up over 13% at $5.75 Meta Materials Inc. (MMAT) is up over 12% at $2.19 AAON, Inc. (AAON) is up over 5% at $81.98 In the Red TDH Holdings, Inc. (PETZ) is down over 10% at $2.01 Clearfield, Inc. (CLFD) is down over 7% at $102.50 MINISO Group Holding Limited (MNSO) is down over 7% at $10.73 Sunlands Technology Group (STG) is down over 6% at $6.50 Grindr Inc. (GRND) is down over 6% at $5.96 Ra Medical Systems, Inc. (RMED) is down over 6% at $5.17 RLX Technology Inc. (RLX) is down over 6% at $2.42 JD.com, Inc. (JD) is down over 5% at $57.05 Vipshop Holdings Limited (VIPS) is down over 5% at $12.03 XPeng Inc. (XPEV) is down over 5% at $11.04 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Wednesday's pre-market trading (as of 07.10 A.M. ET).
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In the Green MongoDB, Inc. (MDB) is up over 27% at $184.53 Lands' End, Inc. (LE) is up over 17% at $9.70 SAI.TECH Global Corporation (SAI) is up over 15% at $3.49 Fusion Fuel Green PLC (HTOO) is up over 13% at $5.75 Meta Materials Inc. (MMAT) is up over 12% at $2.19 AAON, Inc. (AAON) is up over 5% at $81.98 In the Red TDH Holdings, Inc. (PETZ) is down over 10% at $2.01 Clearfield, Inc. (CLFD) is down over 7% at $102.50 MINISO Group Holding Limited (MNSO) is down over 7% at $10.73 Sunlands Technology Group (STG) is down over 6% at $6.50 Grindr Inc. (GRND) is down over 6% at $5.96 Ra Medical Systems, Inc. (RMED) is down over 6% at $5.17 RLX Technology Inc. (RLX) is down over 6% at $2.42 JD.com, Inc. (JD) is down over 5% at $57.05 Vipshop Holdings Limited (VIPS) is down over 5% at $12.03 XPeng Inc. (XPEV) is down over 5% at $11.04 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Wednesday's pre-market trading (as of 07.10 A.M. ET).
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In the Green MongoDB, Inc. (MDB) is up over 27% at $184.53 Lands' End, Inc. (LE) is up over 17% at $9.70 SAI.TECH Global Corporation (SAI) is up over 15% at $3.49 Fusion Fuel Green PLC (HTOO) is up over 13% at $5.75 Meta Materials Inc. (MMAT) is up over 12% at $2.19 AAON, Inc. (AAON) is up over 5% at $81.98 In the Red TDH Holdings, Inc. (PETZ) is down over 10% at $2.01 Clearfield, Inc. (CLFD) is down over 7% at $102.50 MINISO Group Holding Limited (MNSO) is down over 7% at $10.73 Sunlands Technology Group (STG) is down over 6% at $6.50 Grindr Inc. (GRND) is down over 6% at $5.96 Ra Medical Systems, Inc. (RMED) is down over 6% at $5.17 RLX Technology Inc. (RLX) is down over 6% at $2.42 JD.com, Inc. (JD) is down over 5% at $57.05 Vipshop Holdings Limited (VIPS) is down over 5% at $12.03 XPeng Inc. (XPEV) is down over 5% at $11.04 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Wednesday's pre-market trading (as of 07.10 A.M. ET).
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10397.0
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2022-11-30 00:00:00 UTC
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Here's What Could Help Aaon (AAON) Maintain Its Recent Price Strength
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AAON
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https://www.nasdaq.com/articles/heres-what-could-help-aaon-aaon-maintain-its-recent-price-strength
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nan
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Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and Aaon (AAON) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. AAON is quite a good fit in this regard, gaining 39.5% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 18.3% over the past four weeks ensures that the trend is still in place for the stock of this maker of air conditioning and heating equipment.
Moreover, AAON is currently trading at 80.9% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in AAON may not reverse anytime soon.
In addition to AAON, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AAON, Inc. (AAON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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There are several stocks that passed through the screen and Aaon (AAON) is one of them. AAON is quite a good fit in this regard, gaining 39.5% over this period. Moreover, AAON is currently trading at 80.9% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
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Click to get this free report AAON, Inc. (AAON) : Free Stock Analysis Report To read this article on Zacks.com click here. There are several stocks that passed through the screen and Aaon (AAON) is one of them. AAON is quite a good fit in this regard, gaining 39.5% over this period.
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There are several stocks that passed through the screen and Aaon (AAON) is one of them. AAON is quite a good fit in this regard, gaining 39.5% over this period. Moreover, AAON is currently trading at 80.9% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
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In addition to AAON, there are several other stocks that currently pass through our "Recent Price Strength" screen. There are several stocks that passed through the screen and Aaon (AAON) is one of them. AAON is quite a good fit in this regard, gaining 39.5% over this period.
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10398.0
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2022-11-28 00:00:00 UTC
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2 Air Conditioner & Heating Stocks to Buy in a Prospering Industry
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AAON
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https://www.nasdaq.com/articles/2-air-conditioner-heating-stocks-to-buy-in-a-prospering-industry
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nan
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The Zacks Building Products - Air Conditioner & Heating industry has been benefiting from maintaining, monitoring and repairing services along with prudent cost-management practices. Also, the replacement of older systems to reduce electricity consumption and carbon footprint, as well as planned investments in technologies to capture more growth, is acting as a major tailwind for the industry participants like Comfort Systems USA, Inc. FIX and AAON, Inc. AAON. However, supply-chain disruptions and inflationary pressures are major challenges.
Industry Description
The Zacks Building Products - Air Conditioner & Heating industry comprises designers, manufacturers, and marketers of a broad range of products for heating, ventilation, air conditioning, and refrigeration markets. The products include rooftop units, chillers, air-handling units, condensing units and coils. The industry players also supply thermostats, insulation materials, refrigerants, grills, registers, sheet metal, tools, concrete pads, tape and adhesives. Air conditioning and heating equipment are sold in residential replacement, commercial and industrial HVAC (heating, ventilation and air conditioning) as well as residential new construction markets.
3 Trends Shaping the Future of the Air Conditioner & Heating Industry
U.S. Administration’s Pro-Environmental Moves: Reducing greenhouse gas emissions for a cleaner environmental footprint has been a major focus of the U.S. administration. Many industry participants remain engaged in supporting industries and facilities by selling and maintaining clean and efficient energy systems to reach their environmental goals for carbon reduction, while providing resiliency to grid outages. The companies are also gaining from the fast-growing controlled environment agriculture industry, courtesy of their consistent supply of clean cooling solutions. Overall, the companies are well positioned to gain from the renewable energy drive of the pro-environmental U.S. administration. Meanwhile, the companies have also been benefiting from an improvement in the non-residential market along with a rise in repair and remodeling activities.
Technology Augmentation & Inorganic Moves: Persistent investments in technologies designed to revolutionize customer experience seem vital for the industry. Digitization of the companies’ marketplace via e-commerce and iOS/Android-enabled apps, supported by a comprehensive database of product information, continues to see strong momentum. Importantly, new investments in the expansion of distribution, research and development projects, and marketing programs are contributing significantly to the companies’ top lines. The players are also actively pursuing accretive acquisitions to broaden their product portfolio and expand their geographic footprint as well as market share. Meanwhile, services associated with maintaining, monitoring and repairing the existing equipment are also providing the industry participants with stable revenue sources. The industry generates a major share of revenues from these services, which consumers generally cannot suspend even when the construction market fluctuates.
Supply-Chain Woes, Rising Costs, Regulations: Supply-chain disruptions and rising raw material costs have been hurting the profit margins of the industry participants. Supply-chain constraints remain a key issue, resulting in inefficiencies and larger inventory. Operating expenses of companies are rising thanks to pandemic-related business challenges and sharp rises in variable operating expenses, including company-wide, performance-based compensation, excessive logistics and freight costs. Meanwhile, the industry is also susceptible to stringent governmental regulations on energy efficiency and gas emissions. HVAC systems use refrigerants for cooling, which is harmful to humans and the environment. Also, stiff competition and the impact of seasonality on the industry’s revenues are significant risks.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Building Products - Air Conditioner & Heating industry is a six-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #39, which places it in the top 16% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates impressive near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Outperforms S&P 500, Sector
The Zacks Air Conditioner & Heating industry has outperformed the broader Zacks Construction sector and Zacks S&P 500 composite over the past year.
Over this period, the industry has lost 12.1% versus the broader sector’s 17.4% decline. Meanwhile, the Zacks S&P 500 composite has slipped 15.1% during the period.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price to earnings, which is a commonly used multiple for valuing Air Conditioner and Heating stocks, the industry is currently trading at 24.8X versus the S&P 500’s 17.9X and the sector’s 13.4X.
Over the past five years, the industry has traded as high as 39.9X, as low as 19.4X and at a median of 24.3X, as the chart below shows.
Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500
2 Air Conditioner and Heating Stocks to Buy
Below, we have discussed two stocks from the Zacks Air Conditioner & Heating universe that have solid growth potential. The chosen companies currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Comfort Systems USA, Inc.: Based in Houston, TX, this company is a national provider of comprehensive heating, ventilation and air conditioning installation along with maintenance, repair and replacement services. A solid backlog level and substantial ongoing investments in training, productivity and technology are expected to drive growth. Overall positive trends — primarily in industrial, technology, and manufacturing markets served by the company — as well as accretive buyouts are encouraging. The acquisitions have expanded its scale, increased recurring service revenues, and enhanced expertise in complex markets, including industrial, technology and life sciences.
Comfort Systems, which currently carries a Zacks Rank #2, has gained 28.8% over the past year. The company is expected to witness 17.7% earnings growth in 2023.
Price and Consensus: FIX
AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. The company maintains a balance between new construction and replacement applications and is making the most of robust replacement demand, broadly across the non-residential building market. Despite inflationary cost pressures, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON. While supply-chain issues and inflation caused similar issues, BasX has been flexible in adapting to challenges.
AAON, which currently carries a Zacks Rank #2, has gained 1.3% over the past year. Earnings are expected to grow 50% in 2023.
Price and Consensus: AAON
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report
AAON, Inc. (AAON) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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FIX and AAON, Inc. AAON. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. Despite inflationary cost pressures, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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Click to get this free report Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report AAON, Inc. (AAON) : Free Stock Analysis Report To read this article on Zacks.com click here. FIX and AAON, Inc. AAON. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment.
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FIX and AAON, Inc. AAON. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment. Despite inflationary cost pressures, the BasX acquisition, which was closed in December 2021, has been delivering solid results for AAON.
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AAON, which currently carries a Zacks Rank #2, has gained 1.3% over the past year. FIX and AAON, Inc. AAON. AAON, Inc.: Based in Tulsa, OK, AAON engineers, manufactures and markets air conditioning as well as heating equipment.
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10399.0
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2022-11-17 00:00:00 UTC
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Is AAON (AAON) Outperforming Other Construction Stocks This Year?
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AAON
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https://www.nasdaq.com/articles/is-aaon-aaon-outperforming-other-construction-stocks-this-year
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Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Aaon (AAON) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
Aaon is a member of the Construction sector. This group includes 101 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Aaon is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AAON's full-year earnings has moved 6.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AAON has gained about 1.1% so far this year. At the same time, Construction stocks have lost an average of 21%. This means that Aaon is performing better than its sector in terms of year-to-date returns.
Another stock in the Construction sector, LSI (LYTS), has outperformed the sector so far this year. The stock's year-to-date return is 52.2%.
The consensus estimate for LSI's current year EPS has increased 38.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Aaon belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 6 individual companies and currently sits at #40 in the Zacks Industry Rank. Stocks in this group have lost about 13.8% so far this year, so AAON is performing better this group in terms of year-to-date returns.
On the other hand, LSI belongs to the Building Products - Lighting industry. This 4-stock industry is currently ranked #29. The industry has moved -29.3% year to date.
Investors with an interest in Construction stocks should continue to track Aaon and LSI. These stocks will be looking to continue their solid performance.
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AAON, Inc. (AAON): Free Stock Analysis Report
LSI Industries Inc. (LYTS): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Has Aaon (AAON) been one of those stocks this year? Aaon is a member of the Construction sector. Aaon is currently sporting a Zacks Rank of #2 (Buy).
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AAON, Inc. (AAON): Free Stock Analysis Report Has Aaon (AAON) been one of those stocks this year? Aaon is a member of the Construction sector.
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Has Aaon (AAON) been one of those stocks this year? Stocks in this group have lost about 13.8% so far this year, so AAON is performing better this group in terms of year-to-date returns. Aaon is a member of the Construction sector.
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Has Aaon (AAON) been one of those stocks this year? Aaon is a member of the Construction sector. Aaon is currently sporting a Zacks Rank of #2 (Buy).
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