Research Analysts Set Expectations for Oshkosh Corporation’s Q1 2018 Earnings (NYSE:OSK)
Oshkosh Corporation (NYSE:OSK) – Equities researchers at Jefferies Group issued their Q1 2018 earnings estimates for shares of Oshkosh Corporation in a research report issued to clients and investors on Wednesday. Jefferies Group analyst S. Volkmann forecasts that the company will post earnings per share of $0.65 for the quarter. Jefferies Group has a “Buy” rating and a $85.00 price target on the stock. Jefferies Group also issued estimates for Oshkosh Corporation’s Q3 2018 earnings at $1.85 EPS and Q4 2018 earnings at $0.90 EPS.
Oshkosh Corporation (NYSE:OSK) last released its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.51. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 earnings per share. ILLEGAL ACTIVITY WARNING: “Research Analysts Set Expectations for Oshkosh Corporation’s Q1 2018 Earnings (NYSE:OSK)” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/08/07/research-analysts-set-expectations-for-oshkosh-corporations-q1-2018-earnings-nyseosk.html.
Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Oshkosh Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Royal Bank Of Canada upped their target price on Oshkosh Corporation from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Barrington Research upped their target price on Oshkosh Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. ValuEngine raised Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Bank of America Corporation lowered Oshkosh Corporation from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $75.00 to $60.00 in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $75.08.
Oshkosh Corporation (NYSE OSK) opened at 74.99 on Monday. The stock has a 50 day moving average price of $68.51 and a 200 day moving average price of $68.23. Oshkosh Corporation has a 52-week low of $50.77 and a 52-week high of $75.27. The stock has a market cap of $5.61 billion, a P/E ratio of 22.25 and a beta of 1.81.
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 $0.21 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.84 annualized dividend and a yield of 1.12%. Oshkosh Corporation’s dividend payout ratio is currently 25.07%.
Hedge funds have recently made changes to their positions in the stock. Invictus RG bought a new stake in shares of Oshkosh Corporation during the first quarter valued at about $133,000. Advisors Asset Management Inc. increased its stake in shares of 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 shares of Oshkosh Corporation during the first quarter valued at about $144,000. ARP Americas LLC bought a new stake in shares of Oshkosh Corporation during the second quarter valued at about $206,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Oshkosh Corporation during the first quarter valued at about $208,000. Hedge funds and other institutional investors own 95.09% of the company’s stock.
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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