Wall Street analysts forecast that Oshkosh Corporation (NYSE:OSK) will post earnings of $0.53 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Oshkosh Corporation’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.64. Oshkosh Corporation posted earnings of $0.26 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 103.8%. The firm is expected to announce its next quarterly earnings results on Thursday, January 25th.
On average, analysts expect that Oshkosh Corporation will report full-year earnings of $4.51 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $4.64. For the next financial year, analysts forecast that the firm will post earnings of $5.18 per share, with EPS estimates ranging from $4.89 to $5.45. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Oshkosh Corporation.
Oshkosh Corporation (NYSE:OSK) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis.
A number of brokerages recently weighed in on OSK. Zacks Investment Research cut shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Royal Bank Of Canada lifted their price objective on shares of Oshkosh Corporation from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Deutsche Bank AG lifted their price objective on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Finally, Drexel Hamilton upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Friday, August 4th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $92.85.
In related news, VP Colleen R. Moynihan sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $87.62, for a total value of $350,480.00. Following the completion of the sale, the vice president now owns 7,347 shares of the company’s stock, valued at approximately $643,744.14. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Bradley M. Nelson sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.86, for a total value of $628,950.00. Following the completion of the sale, the senior vice president now directly owns 18,908 shares of the company’s stock, valued at approximately $1,585,624.88. The disclosure for this sale can be found here. In the last three months, insiders sold 20,128 shares of company stock valued at $1,732,248. 2.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in OSK. Algert Global LLC bought a new stake in Oshkosh Corporation during the third quarter worth approximately $2,003,000. California Public Employees Retirement System boosted its position in Oshkosh Corporation by 1.6% during the third quarter. California Public Employees Retirement System now owns 199,723 shares of the company’s stock worth $16,485,000 after purchasing an additional 3,123 shares during the period. Janney Montgomery Scott LLC boosted its position in Oshkosh Corporation by 5.6% during the third quarter. Janney Montgomery Scott LLC now owns 21,463 shares of the company’s stock worth $1,772,000 after purchasing an additional 1,143 shares during the period. Cubist Systematic Strategies LLC boosted its position in Oshkosh Corporation by 1,256.2% during the third quarter. Cubist Systematic Strategies LLC now owns 6,564 shares of the company’s stock worth $542,000 after purchasing an additional 6,080 shares during the period. Finally, Caxton Associates LP bought a new stake in Oshkosh Corporation during the third quarter worth approximately $6,191,000. 94.41% of the stock is owned by institutional investors and hedge funds.
Shares of Oshkosh Corporation (NYSE:OSK) traded up $0.68 during midday trading on Monday, hitting $85.27. 605,562 shares of the company were exchanged, compared to its average volume of 672,863. Oshkosh Corporation has a fifty-two week low of $61.74 and a fifty-two week high of $94.16. The company has a current ratio of 1.81, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $6,430.00, a PE ratio of 20.24, a P/E/G ratio of 1.15 and a beta of 1.87.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be paid a $0.24 dividend. This is a boost from Oshkosh Corporation’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.96 annualized dividend and a dividend yield of 1.13%. Oshkosh Corporation’s payout ratio is presently 25.46%.
About Oshkosh Corporation
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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