Oshkosh Corporation (NYSE:OSK) – Stock analysts at KeyCorp raised their Q3 2018 earnings per share (EPS) estimates for Oshkosh Corporation in a research note issued on Tuesday. KeyCorp analyst S. Barger now anticipates that the company will earn $1.99 per share for the quarter, up from their previous forecast of $1.75. KeyCorp has a “Overweight” rating and a $100.00 price target on the stock. KeyCorp also issued estimates for Oshkosh Corporation’s Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $1.02 EPS, Q3 2019 earnings at $2.17 EPS and Q4 2019 earnings at $1.41 EPS.

Oshkosh Corporation (NYSE:OSK) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.36. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. Oshkosh Corporation’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 earnings per share.

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A number of other equities analysts have also recently commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $100.00 price objective on shares of Oshkosh Corporation in a research report on Thursday. Jefferies Group LLC lifted their price objective on shares of Oshkosh Corporation from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. J P Morgan Chase & Co lifted their price objective on shares of Oshkosh Corporation from $80.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday. Robert W. Baird reaffirmed a “buy” rating and set a $97.00 price objective on shares of Oshkosh Corporation in a research report on Wednesday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price objective on shares of Oshkosh Corporation in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Oshkosh Corporation presently has a consensus rating of “Buy” and a consensus target price of $92.85.

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 given a $0.24 dividend. This is a positive change from Oshkosh Corporation’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, November 15th. Oshkosh Corporation’s dividend payout ratio is presently 22.34%.

In related news, VP Robert S. Messina sold 3,400 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $75.23, for a total value of $255,782.00. Following the completion of the sale, the vice president now directly owns 12,558 shares of the company’s stock, valued at approximately $944,738.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph H. Kimmitt sold 23,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $75.83, for a total value of $1,744,090.00. Following the completion of the sale, the insider now directly owns 70,262 shares of the company’s stock, valued at $5,327,967.46. 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 over the last three months. 2.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC purchased a new stake in Oshkosh Corporation in the 2nd quarter valued at $7,006,000. American Century Companies Inc. raised 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 buying an additional 371,089 shares during the last quarter. BNP Paribas Arbitrage SA raised 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 buying an additional 10,581 shares during the last quarter. JPMorgan Chase & Co. raised 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 buying an additional 1,063,971 shares during the last quarter. Finally, Citigroup Inc. raised 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 buying an additional 38,484 shares during the last quarter. 94.35% of the stock is owned by institutional investors and hedge funds.

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.

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

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