SunTrust Banks Weighs in on Oshkosh Corporation’s Q3 2018 Earnings (OSK)
Oshkosh Corporation (NYSE:OSK) – Research analysts at SunTrust Banks raised their Q3 2018 EPS estimates for Oshkosh Corporation in a note issued to investors on Tuesday. SunTrust Banks analyst C. Brady now forecasts that the company will post earnings of $1.94 per share for the quarter, up from their prior forecast of $1.78. SunTrust Banks currently has a “Buy” rating and a $90.00 target price on the stock. SunTrust Banks also issued estimates for Oshkosh Corporation’s Q2 2019 earnings at $1.11 EPS, Q3 2019 earnings at $2.18 EPS and FY2019 earnings at $5.45 EPS.
Oshkosh Corporation (NYSE:OSK) last posted 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 firm 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%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS.
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Several other equities analysts have also commented on OSK. Bank of America Corporation lowered shares of Oshkosh Corporation from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $75.00 to $60.00 in a research report on Friday, July 7th. Zacks Investment Research lowered shares of Oshkosh Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of Oshkosh Corporation in a research report on Thursday, July 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price target on shares of Oshkosh Corporation in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada upped their price target on shares of Oshkosh Corporation from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $92.85.
Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake in Oshkosh Corporation by 3.5% during the second quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock worth $140,000 after buying an additional 68 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its stake in Oshkosh Corporation by 4.7% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock worth $155,000 after buying an additional 100 shares in the last quarter. ARP Americas LLC acquired a new stake in Oshkosh Corporation during the second quarter worth $206,000. Raymond James Trust N.A. boosted its stake in Oshkosh Corporation by 0.9% during the second quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock worth $210,000 after buying an additional 28 shares in the last quarter. Finally, CrestPoint Capital Management LLC acquired a new stake in Oshkosh Corporation during the second quarter worth $234,000. Hedge funds and other institutional investors own 94.35% of the company’s stock.
In other Oshkosh Corporation 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 transaction of $239,648.00. Following the sale, the vice president now owns 11,068 shares in the company, valued at $828,882.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig P. Omtvedt sold 7,050 shares of Oshkosh Corporation stock in a transaction 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 in the company, valued at approximately $2,422,222.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,533 shares of company stock worth $3,810,466. 2.00% of the stock is currently owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be paid a $0.24 dividend. This is an increase from Oshkosh Corporation’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, November 15th. This represents a $0.96 annualized dividend and a dividend yield of 1.05%. 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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