KeyCorp Research Analysts Cut Earnings Estimates for Oshkosh Corporation (NYSE:OSK)
Oshkosh Corporation (NYSE:OSK) – KeyCorp lowered their Q4 2017 earnings per share estimates for Oshkosh Corporation in a research report issued on Thursday. KeyCorp analyst S. Barger now expects that the company will post earnings per share of $1.01 for the quarter, down from their prior estimate of $1.07. KeyCorp also issued estimates for Oshkosh Corporation’s Q2 2018 earnings at $0.92 EPS, Q4 2018 earnings at $0.97 EPS and FY2018 earnings at $4.14 EPS.
A number of other equities analysts have also commented on OSK. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Oshkosh Corporation in a research note on Thursday. Drexel Hamilton raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Friday. Royal Bank Of Canada raised their price objective on shares of Oshkosh Corporation from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday. Deutsche Bank AG raised their price objective on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Bank of America Corporation raised shares of Oshkosh Corporation from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $60.00 to $78.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $75.08.
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Oshkosh Corporation (NYSE:OSK) opened at 74.99 on Monday. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 22.25 and a beta of 1.81. The firm’s 50 day moving average price is $68.51 and its 200-day moving average price is $68.23. Oshkosh Corporation has a 52 week low of $50.77 and a 52 week high of $75.27.
Oshkosh Corporation (NYSE:OSK) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.51. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The company 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 company posted $1.13 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year.
Several large investors have recently added to or reduced their stakes in the stock. Invictus RG acquired a new stake in Oshkosh Corporation during the first quarter valued at about $133,000. Advisors Asset Management Inc. raised 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 last quarter. James Investment Research Inc. acquired a new stake in Oshkosh Corporation during the first quarter valued at about $144,000. ARP Americas LLC acquired a new stake in Oshkosh Corporation during the second quarter valued at about $206,000. Finally, Raymond James Trust N.A. acquired a new stake in Oshkosh Corporation during the first quarter valued at about $208,000. 95.09% of the stock is owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, August 16th. Oshkosh Corporation’s payout ratio is presently 25.07%.
Oshkosh Corporation 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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