Oshkosh Corp (OSK) Expected to Announce Quarterly Sales of $1.92 Billion
Brokerages expect Oshkosh Corp (NYSE:OSK) to report $1.92 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Oshkosh Corp’s earnings. The lowest sales estimate is $1.85 billion and the highest is $2.03 billion. Oshkosh Corp reported sales of $1.75 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 9.7%. The business is expected to announce its next earnings report on Wednesday, August 2nd.
On average, analysts expect that Oshkosh Corp will report full year sales of $1.92 billion for the current fiscal year, with estimates ranging from $6.59 billion to $6.73 billion. For the next year, analysts expect that the firm will report sales of $6.86 billion per share, with estimates ranging from $6.6 billion to $7.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Oshkosh Corp.
Oshkosh Corp (NYSE:OSK) last released its earnings results on Wednesday, April 26th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.62 billion. Oshkosh Corp had a return on equity of 12.27% and a net margin of 3.54%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 EPS.
Several equities research analysts recently issued reports on OSK shares. Zacks Investment Research raised Oshkosh Corp from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Saturday, April 8th. Jefferies Group LLC reissued a “buy” rating and set a $85.00 price objective on shares of Oshkosh Corp in a research note on Friday, March 31st. Royal Bank of Canada reissued a “buy” rating and set a $79.00 price objective on shares of Oshkosh Corp in a research note on Tuesday, March 14th. Barrington Research lifted their price objective on Oshkosh Corp from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Finally, Deutsche Bank AG lifted their price objective on Oshkosh Corp from $73.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, April 6th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $70.36.
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In other news, VP David M. Sagehorn sold 47,800 shares of Oshkosh Corp stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $71.20, for a total value of $3,403,360.00. Following the transaction, the vice president now owns 131,616 shares in the company, valued at $9,371,059.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Wilson R. Jones sold 35,000 shares of Oshkosh Corp stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $69.00, for a total value of $2,415,000.00. Following the completion of the transaction, the insider now owns 142,623 shares in the company, valued at approximately $9,840,987. The disclosure for this sale can be found here. Insiders have sold 110,346 shares of company stock worth $7,713,667 in the last 90 days. Company insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. 1st Global Advisors Inc. increased its position in Oshkosh Corp by 2.2% in the first quarter. 1st Global Advisors Inc. now owns 4,303 shares of the company’s stock valued at $295,000 after buying an additional 91 shares in the last quarter. M&T Bank Corp increased its position in Oshkosh Corp by 2.0% in the first quarter. M&T Bank Corp now owns 5,074 shares of the company’s stock valued at $348,000 after buying an additional 100 shares in the last quarter. World Asset Management Inc increased its position in Oshkosh Corp by 2.0% in the first quarter. World Asset Management Inc now owns 5,554 shares of the company’s stock valued at $381,000 after buying an additional 111 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Oshkosh Corp by 1.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,025 shares of the company’s stock valued at $712,000 after buying an additional 156 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in Oshkosh Corp by 9.5% in the first quarter. Advisors Asset Management Inc. now owns 1,971 shares of the company’s stock valued at $135,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.
Oshkosh Corp (NYSE:OSK) traded up 0.13% during mid-day trading on Wednesday, hitting $66.90. The stock had a trading volume of 93,995 shares. Oshkosh Corp has a 12 month low of $44.01 and a 12 month high of $75.00. The firm’s 50-day moving average is $68.91 and its 200 day moving average is $67.14. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 23.97 and a beta of 1.75.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 12th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $0.84 dividend on an annualized basis and a yield of 1.25%. Oshkosh Corp’s payout ratio is 28.28%.
Oshkosh Corp 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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