SunTrust Banks Reiterates “Buy” Rating for Oshkosh (NYSE:OSK)

SunTrust Banks reiterated their buy rating on shares of Oshkosh (NYSE:OSK) in a research note published on Friday, January 26th. SunTrust Banks also issued estimates for Oshkosh’s Q1 2018 earnings at $0.60 EPS, Q2 2018 earnings at $1.00 EPS, Q3 2018 earnings at $1.95 EPS, Q4 2018 earnings at $1.38 EPS, FY2018 earnings at $4.86 EPS, Q1 2019 earnings at $0.74 EPS, Q2 2019 earnings at $1.33 EPS, Q4 2019 earnings at $1.66 EPS and FY2019 earnings at $5.63 EPS.

“On Wednesday (1/24), B. Riley FBR hosted TransAct Technologies’ (TACT) CEO Bart Schulman on a non-deal roadshow. Unsurprisingly, discussions were focused on the large market opportunity for its restaurant solutions terminals and the ancillary recurring revenue. While TransAct continues to serve as a key printer supplier for the lottery market and one of the major players for TITO slot machines which combined provide steady cash flow, strategic focus has shifted to industries with higher margin and growth prospects that helped recent margin expansion and growth in profitability. We continue to believe the pipeline for higher-margin products (restaurant terminals, spare parts, labels, service, and casino bonusing products) is strong and we expect a 260 bps adjusted EBITDA margin expansion and 22.2% EBITDA growth for FY17 as a result.”,” SunTrust Banks’ analyst commented.

Several other research analysts have also commented on the company. Deutsche Bank reiterated a hold rating and set a $86.00 price target (up previously from $80.00) on shares of Oshkosh in a report on Monday, October 9th. Citigroup boosted their price objective on shares of Oshkosh from $85.00 to $100.00 and gave the company a buy rating in a report on Friday, October 13th. Royal Bank of Canada restated a buy rating and issued a $100.00 price objective on shares of Oshkosh in a report on Thursday, November 2nd. Robert W. Baird restated a buy rating and issued a $93.00 price objective on shares of Oshkosh in a report on Thursday, October 12th. Finally, ValuEngine upgraded shares of Oshkosh from a hold rating to a buy rating in a report on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $94.54.

Oshkosh (NYSE OSK) opened at $86.15 on Friday. Oshkosh has a fifty-two week low of $61.74 and a fifty-two week high of $100.26. The company has a current ratio of 1.86, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $6,480.00, a price-to-earnings ratio of 20.27, a PEG ratio of 1.12 and a beta of 1.53.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.55 by $0.29. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. research analysts expect that Oshkosh will post 5.32 earnings per share for the current year.

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 given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, February 9th. Oshkosh’s dividend payout ratio is currently 22.59%.

In other news, Director Leslie F. Kenne sold 1,061 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $90.82, for a total transaction of $96,360.02. Following the completion of the transaction, the director now directly owns 25,320 shares of the company’s stock, valued at $2,299,562.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Duncan Palmer sold 1,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $91.93, for a total value of $137,895.00. Following the transaction, the director now directly owns 23,095 shares of the company’s stock, valued at $2,123,123.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,586 shares of company stock valued at $8,455,440. 1.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in OSK. Cerebellum GP LLC acquired a new position in shares of Oshkosh during the fourth quarter worth about $130,000. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Oshkosh during the fourth quarter worth about $203,000. CIBC Asset Management Inc purchased a new stake in Oshkosh during the third quarter worth approximately $208,000. Rothschild Investment Corp IL purchased a new stake in Oshkosh during the fourth quarter worth approximately $218,000. Finally, Essex Financial Services Inc. purchased a new stake in Oshkosh during the fourth quarter worth approximately $218,000. 93.08% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Oshkosh (NYSE:OSK)

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