Oshkosh Corporation (NYSE:OSK) – Equities research analysts at Seaport Global Securities cut their FY2017 earnings per share estimates for shares of Oshkosh Corporation in a research note issued on Wednesday. Seaport Global Securities analyst M. Shlisky now forecasts that the company will post earnings per share of $3.87 for the year, down from their prior forecast of $3.88. Seaport Global Securities also issued estimates for Oshkosh Corporation’s Q1 2018 earnings at $0.40 EPS.

Other analysts have also recently issued reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price target on shares of Oshkosh Corporation in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 price target on shares of Oshkosh Corporation in a research note on Thursday, July 13th. Zacks Investment Research raised Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Tuesday, August 8th. Drexel Hamilton raised Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Friday, August 4th. Finally, ValuEngine raised Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Oshkosh Corporation has a consensus rating of “Buy” and a consensus price target of $85.25.

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Oshkosh Corporation (OSK) traded up 0.17% on Friday, hitting $87.18. 24,216 shares of the stock traded hands. Oshkosh Corporation has a 12-month low of $52.00 and a 12-month high of $88.20. The company’s 50 day moving average price is $80.79 and its 200-day moving average price is $71.91. The stock has a market capitalization of $6.52 billion, a P/E ratio of 25.87 and a beta of 1.77.

Oshkosh Corporation (NYSE:OSK) last released its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, topping 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 net margin of 3.83% and a return on equity of 14.49%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Trust N.A. grew its stake in shares of Oshkosh Corporation by 0.9% during the 2nd quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock worth $210,000 after acquiring an additional 28 shares in the last quarter. Hanseatic Management Services Inc. grew its stake in shares of Oshkosh Corporation by 0.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 15,738 shares of the company’s stock worth $1,084,000 after acquiring an additional 41 shares in the last quarter. M&T Bank Corp grew its stake in shares of Oshkosh Corporation by 1.2% during the 2nd quarter. M&T Bank Corp now owns 5,135 shares of the company’s stock worth $353,000 after acquiring an additional 61 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Oshkosh Corporation by 3.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock worth $140,000 after acquiring an additional 68 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC grew its stake in shares of Oshkosh Corporation by 4.7% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock worth $155,000 after acquiring an additional 100 shares in the last quarter. 94.28% of the stock is owned by institutional investors.

In other news, insider Joseph H. Kimmitt sold 23,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 70,262 shares of the company’s stock, valued at approximately $5,327,967.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP R Scott Grennier sold 4,883 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $74.40, for a total transaction of $363,295.20. Following the transaction, the vice president now directly owns 4,912 shares of the company’s stock, valued at $365,452.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,533 shares of company stock valued at $3,810,466. 2.00% of the stock is owned by company insiders.

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.

Earnings History and Estimates for Oshkosh Corporation (NYSE:OSK)

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