Zacks: Analysts Anticipate Oshkosh Corporation (OSK) Will Post Earnings of $1.04 Per Share
Equities analysts expect Oshkosh Corporation (NYSE:OSK) to report earnings per share (EPS) of $1.04 for the current quarter, according to Zacks. Nine analysts have provided estimates for Oshkosh Corporation’s earnings, with estimates ranging from $0.98 to $1.11. Oshkosh Corporation posted earnings of $1.05 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 1%. The business is expected to report its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Oshkosh Corporation will report full-year earnings of $3.85 per share for the current financial year, with EPS estimates ranging from $3.40 to $3.94. For the next fiscal year, analysts expect that the business will report earnings of $4.05 per share, with EPS estimates ranging from $3.85 to $4.25. Zacks’ EPS calculations are an average based on a survey of research firms that follow Oshkosh Corporation.
Oshkosh Corporation (NYSE:OSK) last released its quarterly 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 firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 EPS.
A number of research firms recently issued reports on OSK. Zacks Investment Research downgraded shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada boosted their target price on shares of Oshkosh Corporation from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Deutsche Bank AG boosted their target price on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Finally, Drexel Hamilton upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $75.67.
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In other news, insider Joseph H. Kimmitt sold 23,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $75.83, for a total transaction of $1,744,090.00. Following the completion of the sale, the insider now owns 70,262 shares of the company’s stock, valued at $5,327,967.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig P. Omtvedt sold 7,050 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $74.82, for a total transaction of $527,481.00. Following the sale, the director now directly owns 32,374 shares of the company’s stock, valued at approximately $2,422,222.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,533 shares of company stock valued at $3,810,466. Insiders own 2.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in OSK. BlackRock Inc. increased its stake in shares of Oshkosh Corporation by 5,532.7% during the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock worth $441,107,000 after purchasing an additional 6,316,906 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Oshkosh Corporation by 85.0% during the second quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after purchasing an additional 1,063,971 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Oshkosh Corporation by 54.3% during the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock worth $202,350,000 after purchasing an additional 1,037,968 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Oshkosh Corporation by 16.8% during the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock worth $464,212,000 after purchasing an additional 973,348 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Oshkosh Corporation by 194.2% during the first quarter. Prudential Financial Inc. now owns 890,505 shares of the company’s stock worth $61,080,000 after purchasing an additional 587,822 shares in the last quarter. 94.62% of the stock is owned by institutional investors and hedge funds.
Oshkosh Corporation (NYSE:OSK) traded up 1.57% during midday trading on Friday, hitting $77.13. The stock had a trading volume of 559,245 shares. Oshkosh Corporation has a 52-week low of $50.77 and a 52-week high of $77.22. The firm has a market capitalization of $5.77 billion, a P/E ratio of 22.89 and a beta of 1.77. The firm has a 50-day moving average of $73.69 and a 200 day moving average of $69.44.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.09%. Oshkosh Corporation’s dividend payout ratio (DPR) is currently 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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