Oshkosh Corporation (NYSE:OSK) Forecasted to Post FY2017 Earnings of $3.85 Per Share
Oshkosh Corporation (NYSE:OSK) – Equities researchers at SunTrust Banks lifted their FY2017 EPS estimates for Oshkosh Corporation in a research report issued on Thursday. SunTrust Banks analyst C. Brady now forecasts that the company will post earnings of $3.85 per share for the year, up from their prior forecast of $3.36. SunTrust Banks also issued estimates for Oshkosh Corporation’s Q4 2017 earnings at $0.98 EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $1.78 EPS and Q4 2018 earnings at $1.00 EPS.
A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada boosted their price target on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. Barrington Research boosted their price target on shares of Oshkosh Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. ValuEngine raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Bank of America Corporation cut shares of Oshkosh Corporation from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $75.00 to $60.00 in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The company currently has an average 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 capitalization of $5.61 billion, a P/E ratio of 22.25 and a beta of 1.81. Oshkosh Corporation has a 52-week low of $50.77 and a 52-week high of $75.27. The company has a 50 day moving average price of $68.51 and a 200 day moving average price of $68.23.
Oshkosh Corporation (NYSE:OSK) last released its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm earned $1.13 EPS. The firm’s revenue was up 16.6% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors 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 of this dividend is Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio is currently 25.07%.
Several hedge funds have recently bought and sold shares of OSK. Invictus RG bought a new stake in Oshkosh Corporation during the first quarter valued at approximately $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 in the last quarter. James Investment Research Inc. bought a new stake in Oshkosh Corporation during the first quarter valued at approximately $144,000. ARP Americas LLC bought a new stake in Oshkosh Corporation during the second quarter valued at approximately $206,000. Finally, Raymond James Trust N.A. bought a new stake in Oshkosh Corporation during the first quarter valued at approximately $208,000. Institutional investors and hedge funds own 95.09% of the company’s stock.
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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