Equities analysts expect that Oshkosh Corporation (NYSE:OSK) will announce earnings per share of $1.02 for the current quarter, Zacks reports. Nine analysts have issued estimates for Oshkosh Corporation’s earnings. The highest EPS estimate is $1.04 and the lowest is $0.98. Oshkosh Corporation reported earnings of $1.05 per share in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The firm is expected to announce its next earnings report before the market opens on Tuesday, October 31st.

On average, analysts expect that Oshkosh Corporation will report full year earnings of $3.89 per share for the current year, with EPS estimates ranging from $3.85 to $3.93. For the next year, analysts forecast that the business will report earnings of $4.13 per share, with EPS estimates ranging from $3.90 to $4.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Oshkosh Corporation.

Oshkosh Corporation (NYSE:OSK) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.51. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.13 earnings per share.

A number of analysts have weighed in on the stock. 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 increased 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 increased 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 raised shares of Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Finally, Drexel Hamilton raised 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. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $85.25.

Oshkosh Corporation (NYSE:OSK) opened at 87.09 on Tuesday. Oshkosh Corporation has a one year low of $52.00 and a one year high of $88.20. The firm has a market cap of $6.52 billion, a PE ratio of 25.84 and a beta of 1.77. The company’s 50-day moving average is $81.49 and its 200-day moving average is $72.25.

In related news, VP Marek W. May sold 3,200 shares of Oshkosh Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $74.89, for a total value of $239,648.00. Following the completion of the sale, the vice president now owns 11,068 shares of the company’s stock, valued at approximately $828,882.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Ignacio A. Cortina sold 4,000 shares of Oshkosh Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $75.28, for a total transaction of $301,120.00. Following the completion of the sale, the executive vice president now directly owns 11,778 shares of the company’s stock, valued at approximately $886,647.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,533 shares of company stock valued at $3,810,466. Insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its position in Oshkosh Corporation by 116.7% in the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock valued at $47,467,000 after purchasing an additional 371,089 shares during the period. BNP Paribas Arbitrage SA grew its position in Oshkosh Corporation by 33.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 41,837 shares of the company’s stock valued at $2,882,000 after purchasing an additional 10,581 shares during the period. JPMorgan Chase & Co. grew its position in Oshkosh Corporation by 85.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock valued at $159,548,000 after purchasing an additional 1,063,971 shares during the period. Citigroup Inc. grew its position in Oshkosh Corporation by 270.2% in the 2nd quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock valued at $3,632,000 after purchasing an additional 38,484 shares during the period. Finally, Prudential Financial Inc. grew its position in Oshkosh Corporation by 22.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,091,575 shares of the company’s stock valued at $75,188,000 after purchasing an additional 201,070 shares during the period. 94.30% of the stock is owned by institutional investors and hedge funds.

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

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