Oshkosh Corp (OSK) Expected to Announce Earnings of $1.06 Per Share

Analysts expect that Oshkosh Corp (NYSE:OSK) will announce $1.06 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Oshkosh’s earnings, with estimates ranging from $0.93 to $1.26. Oshkosh posted earnings per share of $0.76 in the same quarter last year, which would suggest a positive year-over-year growth rate of 39.5%. The business is expected to report its next earnings results on Wednesday, April 25th.

According to Zacks, analysts expect that Oshkosh will report full year earnings of $5.32 per share for the current fiscal year, with EPS estimates ranging from $4.78 to $5.50. For the next year, analysts forecast that the company will post earnings of $6.01 per share, with EPS estimates ranging from $5.66 to $6.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Oshkosh.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.29. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.43 billion. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. Oshkosh’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share.

A number of analysts recently commented on the company. ValuEngine upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus lifted their price target on Oshkosh from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, January 26th. KeyCorp restated a “buy” rating and issued a $104.00 target price on shares of Oshkosh in a research note on Friday, January 26th. SunTrust Banks restated a “buy” rating on shares of Oshkosh in a research note on Friday, January 26th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $100.00 target price on shares of Oshkosh in a research note on Thursday, November 2nd. Three 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. Oshkosh currently has an average rating of “Buy” and an average price target of $94.54.

Shares of Oshkosh (NYSE OSK) traded up $0.20 during trading on Thursday, reaching $85.32. The company had a trading volume of 1,162,626 shares, compared to its average volume of 810,915. The company has a market capitalization of $6,540.00, a price-to-earnings ratio of 20.15, a P/E/G ratio of 1.11 and a beta of 1.53. Oshkosh has a 1-year low of $61.74 and a 1-year high of $100.26. The company has a quick ratio of 1.08, a current ratio of 1.86 and a debt-to-equity ratio of 0.35.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.13%. Oshkosh’s payout ratio is presently 22.59%.

In other news, VP Colleen R. Moynihan sold 5,325 shares of Oshkosh stock in a transaction on Monday, November 27th. The stock was sold at an average price of $85.85, for a total value of $457,151.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bradley M. Nelson sold 7,500 shares of Oshkosh stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.86, for a total value of $628,950.00. Following the completion of the transaction, the senior vice president now owns 18,908 shares of the company’s stock, valued at $1,585,624.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,455 shares of company stock worth $9,373,417. Corporate insiders own 2.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in OSK. FMR LLC grew its position in shares of Oshkosh by 89.3% in the second quarter. FMR LLC now owns 10,600 shares of the company’s stock valued at $730,000 after purchasing an additional 5,000 shares in the last quarter. M&T Bank Corp grew its position in shares of Oshkosh by 1.2% in the second quarter. M&T Bank Corp now owns 5,135 shares of the company’s stock valued at $353,000 after purchasing an additional 61 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Oshkosh by 78.1% in the second quarter. Voya Investment Management LLC now owns 39,057 shares of the company’s stock valued at $2,690,000 after purchasing an additional 17,126 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Oshkosh by 5.5% in the second quarter. HighTower Advisors LLC now owns 3,849 shares of the company’s stock valued at $264,000 after purchasing an additional 201 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of Oshkosh by 999.8% in 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 in the last quarter. Institutional investors own 94.25% of the company’s stock.

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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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Earnings History and Estimates for Oshkosh (NYSE:OSK)

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