Oshkosh Corporation to Post Q3 2018 Earnings of $1.88 Per Share, Seaport Global Securities Forecasts (OSK)
Oshkosh Corporation (NYSE:OSK) – Investment analysts at Seaport Global Securities lifted their Q3 2018 earnings estimates for Oshkosh Corporation in a report released on Tuesday. Seaport Global Securities analyst M. Shlisky now expects that the company will post earnings per share of $1.88 for the quarter, up from their previous forecast of $1.78. Seaport Global Securities also issued estimates for Oshkosh Corporation’s FY2018 earnings at $4.59 EPS and FY2019 earnings at $5.24 EPS.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.36. Oshkosh Corporation had a return on equity of 15.14% and a net margin of 4.18%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the company earned $1.05 EPS. Oshkosh Corporation’s revenue for the quarter was up 11.8% compared to the same quarter last year. WARNING: This article was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/11/02/oshkosh-corporation-to-post-q3-2018-earnings-of-1-88-per-share-seaport-global-securities-forecasts-osk.html.
Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada reissued a “buy” rating and set a $100.00 price objective on shares of Oshkosh Corporation in a research note on Thursday. Jefferies Group LLC boosted their price objective on Oshkosh Corporation from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday. J P Morgan Chase & Co boosted their price objective on Oshkosh Corporation from $80.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday. Robert W. Baird reissued a “buy” rating and set a $97.00 price objective on shares of Oshkosh Corporation in a research note on Wednesday. Finally, KeyCorp reissued an “overweight” rating and set a $100.00 price objective (up from $90.00) on shares of Oshkosh Corporation in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $92.85.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Oshkosh Corporation’s previous quarterly dividend of $0.21. Oshkosh Corporation’s dividend payout ratio (DPR) is currently 22.34%.
In other news, Director Craig P. Omtvedt sold 7,050 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 32,374 shares in the company, valued at approximately $2,422,222.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert S. Messina sold 3,400 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $75.23, for a total transaction of $255,782.00. Following the sale, the vice president now owns 12,558 shares of the company’s stock, valued at approximately $944,738.34. The disclosure for this sale can be found here. Insiders have sold a total of 50,533 shares of company stock valued at $3,810,466 in the last 90 days. Insiders own 2.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in Oshkosh Corporation by 3.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock valued at $140,000 after purchasing an additional 68 shares during the last quarter. Paradigm Asset Management Co. LLC increased its holdings in Oshkosh Corporation by 4.7% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock valued at $155,000 after purchasing an additional 100 shares during the last quarter. ARP Americas LLC acquired a new stake in Oshkosh Corporation in the 2nd quarter valued at approximately $206,000. Raymond James Trust N.A. increased its holdings in Oshkosh Corporation by 0.9% in the 2nd quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock valued at $210,000 after purchasing an additional 28 shares during the last quarter. Finally, CrestPoint Capital Management LLC acquired a new stake in Oshkosh Corporation in the 2nd quarter valued at approximately $234,000. Hedge funds and other institutional investors own 94.35% of the company’s stock.
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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