Oshkosh Corporation (OSK) Releases Earnings Results, Beats Estimates By $0.36 EPS
Oshkosh Corporation (NYSE:OSK) posted its earnings results on Tuesday. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36, Bloomberg Earnings reports. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. Oshkosh Corporation’s quarterly revenue was up 11.8% compared to the same quarter last year. Oshkosh Corporation updated its FY18 guidance to $4.25-4.65 EPS.
Shares of Oshkosh Corporation (OSK) traded down 1.17% during mid-day trading on Wednesday, hitting $90.49. 175,595 shares of the company were exchanged. The firm has a market capitalization of $6.77 billion, a P/E ratio of 26.85 and a beta of 1.77. Oshkosh Corporation has a 12-month low of $54.18 and a 12-month high of $94.16. The company’s 50-day moving average price is $83.98 and its 200-day moving average price is $73.15.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Oshkosh Corporation’s previous quarterly dividend of $0.21. Oshkosh Corporation’s dividend payout ratio (DPR) is currently 25.07%.
In other news, VP R Scott Grennier sold 4,883 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $74.40, for a total transaction of $363,295.20. Following the completion of the transaction, the vice president now owns 4,912 shares of the company’s stock, valued at $365,452.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig P. Omtvedt sold 7,050 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $74.82, for a total transaction of $527,481.00. Following the transaction, 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. Insiders have sold 50,533 shares of company stock valued at $3,810,466 in the last ninety days. Insiders own 2.00% of the company’s stock.
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A number of research firms have recently issued reports on OSK. Robert W. Baird reiterated a “buy” rating and issued a $93.00 target price on shares of Oshkosh Corporation in a research note on Thursday, October 12th. ValuEngine upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $85.00 target price (up previously from $80.00) on shares of Oshkosh Corporation in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Finally, Deutsche Bank AG lifted their target price on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Five 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 stock. The stock has an average rating of “Buy” and a consensus target price of $88.62.
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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