Oshkosh Downgraded to “Underperform” at Zacks (OSK)
Oshkosh (NYSE:OSK) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday. They currently have a $44.20 target price on the stock. Zacks‘s target price points to a potential downside of 4.56% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus cut their price target on shares of Oshkosh from $66.00 to $60.00 in a research note on Thursday. Separately, analysts at BMO Capital Markets cut their price target on shares of Oshkosh from $66.00 to $61.00 in a research note on Thursday. Finally, analysts at RBC Capital cut their price target on shares of Oshkosh from $59.00 to $55.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $55.40.
Oshkosh (NYSE:OSK) opened at 46.31 on Friday. Oshkosh has a 52 week low of $44.33 and a 52 week high of $60.45. The stock’s 50-day moving average is $53.76 and its 200-day moving average is $55.04. The company has a market cap of $3.937 billion and a P/E ratio of 15.00.
Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.37 by $0.14. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The company’s quarterly revenue was down 12.3% on a year-over-year basis. On average, analysts predict that Oshkosh will post $3.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, August 12th.
Oshkosh Corporation (NYSE:OSK) is a designer, manufacturer and marketer of a broad range of specialty vehicles and vehicle bodies.
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