Oshkosh Corp (NYSE:OSK) – Equities researchers at SunTrust Banks dropped their Q1 2018 earnings per share estimates for Oshkosh in a report released on Wednesday. SunTrust Banks analyst C. Brady now forecasts that the company will post earnings of $0.50 per share for the quarter, down from their previous estimate of $0.52. SunTrust Banks currently has a “Buy” rating and a $102.00 target price on the stock. SunTrust Banks also issued estimates for Oshkosh’s Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.98 EPS, Q4 2018 earnings at $1.31 EPS, FY2018 earnings at $4.82 EPS, Q1 2019 earnings at $0.71 EPS, Q2 2019 earnings at $1.25 EPS, Q3 2019 earnings at $2.12 EPS, Q4 2019 earnings at $1.51 EPS and FY2019 earnings at $5.60 EPS.

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

Other equities research analysts have also recently issued research reports about the stock. Jefferies Group increased their target price on shares of Oshkosh from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 target price on shares of Oshkosh in a research note on Wednesday, November 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $100.00 target price on shares of Oshkosh in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, October 4th. Finally, Robert W. Baird reissued a “buy” rating and issued a $97.00 price target on shares of Oshkosh in a research report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Oshkosh has a consensus rating of “Buy” and a consensus target price of $93.77.

Shares of Oshkosh (NYSE:OSK) opened at $91.15 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.81 and a quick ratio of 1.09. Oshkosh has a one year low of $61.74 and a one year high of $94.16. The firm has a market cap of $6,850.00, a PE ratio of 24.24, a P/E/G ratio of 1.19 and a beta of 1.84.

In other news, insider Wilson R. Jones sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $85.14, for a total transaction of $3,405,600.00. Following the completion of the sale, the insider now owns 159,859 shares of the company’s stock, valued at $13,610,395.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP R Scott Grennier sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $86.18, for a total transaction of $77,562.00. Following the sale, the vice president now directly owns 3,581 shares of the company’s stock, valued at approximately $308,610.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,153 shares of company stock valued at $9,953,433. Company insiders own 1.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in OSK. JPMorgan Chase & Co. grew its stake in shares of Oshkosh by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 2,742,675 shares of the company’s stock valued at $226,765,000 after purchasing an additional 426,359 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Oshkosh by 999.8% during the second quarter. Macquarie Group Ltd. now owns 313,099 shares of the company’s stock valued at $21,566,000 after purchasing an additional 284,631 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Oshkosh during the second quarter valued at approximately $264,000. Vanguard Group Inc. grew its stake in shares of Oshkosh by 3.7% during the second quarter. Vanguard Group Inc. now owns 7,019,731 shares of the company’s stock valued at $483,519,000 after purchasing an additional 251,809 shares during the last quarter. Finally, UBS Oconnor LLC bought a new stake in shares of Oshkosh during the second quarter valued at approximately $16,531,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.

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About Oshkosh

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 (NYSE:OSK)

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