FY2017 Earnings Forecast for Oshkosh Corporation (OSK) Issued By Seaport Global Securities
Oshkosh Corporation (NYSE:OSK) – Seaport Global Securities upped their FY2017 earnings estimates for Oshkosh Corporation in a research report issued on Thursday. Seaport Global Securities analyst M. Shlisky now forecasts that the company will post earnings of $3.88 per share for the year, up from their prior forecast of $3.49. Seaport Global Securities also issued estimates for Oshkosh Corporation’s Q1 2018 earnings at $0.41 EPS, Q3 2018 earnings at $1.78 EPS and FY2018 earnings at $4.25 EPS.
A number of other research analysts have also recently commented on the company. Drexel Hamilton upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Friday. Deutsche Bank AG raised their price target on Oshkosh Corporation from $79.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday. Bank of America Corporation upgraded Oshkosh Corporation from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $60.00 to $78.00 in a research report on Thursday. Royal Bank Of Canada raised their price target on Oshkosh Corporation from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $80.00 price target on shares of Oshkosh Corporation in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.08.
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Oshkosh Corporation (NYSE OSK) opened at 74.99 on Monday. The firm has a market cap of $5.61 billion, a P/E ratio of 22.25 and a beta of 1.81. The company’s 50-day moving average is $68.51 and its 200 day moving average is $68.23. Oshkosh Corporation has a 12 month low of $50.77 and a 12 month high of $75.27.
Oshkosh Corporation (NYSE:OSK) last posted its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in OSK. Invictus RG purchased a new stake in Oshkosh Corporation during the first quarter valued at $133,000. Advisors Asset Management Inc. boosted its stake in Oshkosh Corporation 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 during the period. James Investment Research Inc. purchased a new stake in Oshkosh Corporation during the first quarter valued at $144,000. ARP Americas LLC purchased a new stake in Oshkosh Corporation during the second quarter valued at $206,000. Finally, Raymond James Trust N.A. purchased a new stake in Oshkosh Corporation during the first quarter valued at $208,000. Institutional investors own 95.09% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio (DPR) is currently 25.07%.
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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