Analysts Offer Predictions for Oshkosh Corporation’s Q1 2018 Earnings (OSK)
Oshkosh Corporation (NYSE:OSK) – Investment analysts at Jefferies Group lowered their Q1 2018 earnings per share (EPS) estimates for Oshkosh Corporation in a note issued to investors on Tuesday. Jefferies Group analyst S. Volkmann now expects that the company will post earnings of $0.60 per share for the quarter, down from their previous estimate of $0.65. Jefferies Group has a “Buy” rating and a $105.00 price objective on the stock. Jefferies Group also issued estimates for Oshkosh Corporation’s Q2 2018 earnings at $0.90 EPS, Q3 2018 earnings at $1.90 EPS and FY2018 earnings at $4.60 EPS.
A number of other research firms also recently commented on OSK. J P Morgan Chase & Co raised their price objective on shares of Oshkosh Corporation from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price objective on shares of Oshkosh Corporation in a report on Wednesday. Robert W. Baird reaffirmed a “buy” rating and set a $97.00 price objective on shares of Oshkosh Corporation in a report on Wednesday. KeyCorp reaffirmed an “overweight” rating and set a $100.00 price objective (up from $90.00) on shares of Oshkosh Corporation in a report on Wednesday. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $90.00 price objective on shares of Oshkosh Corporation in a report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Oshkosh Corporation presently has an average rating of “Buy” and an average target price of $91.69.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.36. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.90 billion. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. Oshkosh Corporation’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS.
Several large investors have recently modified their holdings of OSK. Teachers Advisors LLC grew its position in shares of Oshkosh Corporation by 73.7% during the 1st quarter. Teachers Advisors LLC now owns 232,256 shares of the company’s stock worth $15,930,000 after buying an additional 98,534 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Oshkosh Corporation during the 1st quarter worth approximately $447,000. State Street Corp grew its position in shares of Oshkosh Corporation by 1.6% during the 1st quarter. State Street Corp now owns 2,021,104 shares of the company’s stock worth $138,625,000 after buying an additional 32,017 shares during the period. Credit Suisse AG grew its position in shares of Oshkosh Corporation by 47.7% during the 1st quarter. Credit Suisse AG now owns 143,950 shares of the company’s stock worth $9,874,000 after buying an additional 46,470 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of Oshkosh Corporation during the 1st quarter worth approximately $247,000. Institutional investors own 94.35% of the company’s stock.
In other news, insider Joseph H. Kimmitt sold 23,000 shares of Oshkosh Corporation 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 sale, the insider now owns 70,262 shares in the company, valued at approximately $5,327,967.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Craig P. Omtvedt sold 7,050 shares of Oshkosh Corporation stock in a transaction that occurred on 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 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 sold a total of 50,533 shares of company stock valued at $3,810,466 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, November 15th. This is a boost from Oshkosh Corporation’s previous quarterly dividend of $0.21. Oshkosh Corporation’s dividend payout ratio (DPR) is presently 22.34%.
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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