Equities analysts expect that Oshkosh Corp (NYSE:OSK) will post earnings per share (EPS) of $1.45 for the current quarter, according to Zacks. Seven analysts have made estimates for Oshkosh’s earnings, with estimates ranging from $1.33 to $1.53. Oshkosh posted earnings per share of $1.38 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The firm is scheduled to issue its next earnings results on Thursday, November 1st.
On average, analysts expect that Oshkosh will report full-year earnings of $6.03 per share for the current financial year, with EPS estimates ranging from $5.91 to $6.10. For the next year, analysts expect that the business will post earnings of $6.46 per share, with EPS estimates ranging from $6.24 to $6.79. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Oshkosh.
Oshkosh (NYSE:OSK) last released its earnings results on Thursday, November 1st. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.35. Oshkosh had a return on equity of 19.19% and a net margin of 5.44%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the business posted $1.38 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis.
Several research firms recently issued reports on OSK. Royal Bank of Canada reiterated a “buy” rating and set a $98.00 target price on shares of Oshkosh in a research report on Wednesday, August 1st. ValuEngine cut Oshkosh from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 6th. Credit Suisse Group cut their price target on Oshkosh from $96.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, August 1st. Stifel Nicolaus cut their price target on Oshkosh from $106.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. Finally, KeyCorp cut their price target on Oshkosh from $104.00 to $88.00 and set an “overweight” rating for the company in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $87.92.
NYSE:OSK opened at $68.16 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.88 and a quick ratio of 1.16. Oshkosh has a 12-month low of $51.42 and a 12-month high of $100.26. The stock has a market cap of $3.96 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 0.46 and a beta of 1.48.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 19th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.58%. This is a boost from Oshkosh’s previous quarterly dividend of $0.24. Oshkosh’s dividend payout ratio (DPR) is currently 22.59%.
In other Oshkosh news, VP David M. Sagehorn sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $75.40, for a total transaction of $3,393,000.00. Following the completion of the transaction, the vice president now owns 179,097 shares in the company, valued at approximately $13,503,913.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management boosted its holdings in shares of Oshkosh by 8.9% in the 2nd quarter. LSV Asset Management now owns 1,079,709 shares of the company’s stock worth $75,925,000 after purchasing an additional 88,038 shares during the period. FMR LLC boosted its holdings in shares of Oshkosh by 292.0% in the 2nd quarter. FMR LLC now owns 893,679 shares of the company’s stock worth $62,843,000 after purchasing an additional 665,690 shares during the period. Bank of America Corp DE boosted its holdings in shares of Oshkosh by 2.9% in the 2nd quarter. Bank of America Corp DE now owns 501,999 shares of the company’s stock worth $35,300,000 after purchasing an additional 13,938 shares during the period. Davis R M Inc. boosted its holdings in shares of Oshkosh by 1.2% in the 3rd quarter. Davis R M Inc. now owns 474,893 shares of the company’s stock worth $33,831,000 after purchasing an additional 5,441 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Oshkosh by 6.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 455,206 shares of the company’s stock worth $32,011,000 after purchasing an additional 26,829 shares during the period. Institutional investors and hedge funds own 89.46% of the company’s stock.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.
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