Wall Street brokerages expect Oshkosh Corp (NYSE:OSK) to announce earnings per share of $0.53 for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Oshkosh’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.39. Oshkosh posted earnings of $0.26 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 103.8%. The firm is scheduled to issue its next earnings report before the market opens on Thursday, January 25th.
On average, analysts expect that Oshkosh will report full-year earnings of $4.69 per share for the current fiscal year, with EPS estimates ranging from $4.45 to $5.05. For the next financial year, analysts anticipate that the business will post earnings of $5.40 per share, with EPS estimates ranging from $4.90 to $6.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Oshkosh.
Oshkosh (NYSE:OSK) last issued its earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.02 by $0.36. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. Oshkosh had a net margin of 4.18% and a return on equity of 15.14%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS.
Several research firms have recently issued reports on OSK. Jefferies Group lifted their price target on Oshkosh from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. JPMorgan Chase & Co. lifted their price target on Oshkosh from $80.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price target on shares of Oshkosh in a research note on Wednesday, November 1st. SunTrust Banks lifted their price target on Oshkosh to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, ValuEngine raised Oshkosh from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $93.77.
Oshkosh (NYSE OSK) traded down $1.25 during trading hours on Monday, hitting $93.60. The stock had a trading volume of 535,898 shares, compared to its average volume of 616,923. The firm has a market cap of $7,010.00, a P/E ratio of 24.89, a PEG ratio of 1.40 and a beta of 1.84. The company has a quick ratio of 1.09, a current ratio of 1.81 and a debt-to-equity ratio of 0.35. Oshkosh has a fifty-two week low of $61.74 and a fifty-two week high of $94.93.
In related news, insider Wilson R. Jones sold 40,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $85.14, for a total value of $3,405,600.00. Following the completion of the transaction, the insider now owns 159,859 shares of the company’s stock, valued at approximately $13,610,395.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bradley M. Nelson sold 7,500 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.86, for a total transaction of $628,950.00. Following the completion of the transaction, 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. Insiders sold a total of 115,153 shares of company stock valued at $9,953,433 in the last three months. 1.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Chevy Chase Trust Holdings Inc. purchased a new stake in Oshkosh in the 4th quarter valued at about $203,000. CIBC Asset Management Inc purchased a new stake in Oshkosh in the 3rd quarter valued at about $208,000. Zacks Investment Management purchased a new stake in Oshkosh in the 2nd quarter valued at about $247,000. Koch Industries Inc. purchased a new stake in Oshkosh in the 2nd quarter valued at about $264,000. Finally, HighTower Advisors LLC grew its holdings in Oshkosh by 5.5% in the 2nd quarter. HighTower Advisors LLC now owns 3,849 shares of the company’s stock valued at $264,000 after buying an additional 201 shares during the period. Institutional investors own 94.00% of the company’s stock.
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Oshkosh Company Profile
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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