Zacks: Brokerages Anticipate Oshkosh Corporation (OSK) Will Post Earnings of $0.53 Per Share
Analysts expect that Oshkosh Corporation (NYSE:OSK) will report earnings per share (EPS) of $0.53 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Oshkosh’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.64. Oshkosh posted earnings of $0.26 per share in the same quarter last year, which would suggest a positive year over year growth rate of 103.8%. The firm is expected to issue its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that Oshkosh will report full-year earnings of $4.55 per share for the current fiscal year, with EPS estimates ranging from $4.39 to $4.65. For the next financial year, analysts expect that the company will post earnings of $5.18 per share, with EPS estimates ranging from $4.89 to $5.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Oshkosh.
Oshkosh (NYSE:OSK) last released its quarterly earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.36. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Oshkosh had a net margin of 4.18% and a return on equity of 15.14%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share.
In other Oshkosh news, VP Colleen R. Moynihan sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $87.62, for a total transaction of $350,480.00. Following the completion of the sale, the vice president now directly owns 7,347 shares in the company, valued at $643,744.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Colleen R. Moynihan sold 5,259 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $88.19, for a total transaction of $463,791.21. Following the sale, the vice president now owns 4,647 shares of the company’s stock, valued at $409,818.93. The disclosure for this sale can be found here. In the last three months, insiders sold 92,853 shares of company stock worth $7,933,276. 2.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in Oshkosh by 3.5% during the second quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock valued at $140,000 after buying an additional 68 shares during the period. Paradigm Asset Management Co. LLC boosted its position in Oshkosh by 4.7% during the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock valued at $155,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc purchased a new stake in Oshkosh during the third quarter valued at about $208,000. ARP Americas LLC purchased a new stake in Oshkosh during the second quarter valued at about $206,000. Finally, Raymond James Trust N.A. boosted its position in Oshkosh by 0.9% during the second quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock valued at $210,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.
Oshkosh (NYSE:OSK) opened at $88.89 on Friday. The firm has a market cap of $6,768.33, a price-to-earnings ratio of 21.24, a PEG ratio of 1.20 and a beta of 1.85. Oshkosh has a 1-year low of $61.74 and a 1-year high of $94.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.81 and a quick ratio of 1.09.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Wednesday, November 15th. This is a boost from Oshkosh’s previous quarterly dividend of $0.21. Oshkosh’s dividend payout ratio is currently 25.53%.
Oshkosh Company Profile
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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