Analysts expect Oshkosh Corp (NYSE:OSK) to report sales of $1.67 billion for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Oshkosh’s earnings, with the highest sales estimate coming in at $1.73 billion and the lowest estimate coming in at $1.58 billion. Oshkosh reported sales of $1.59 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5%. The firm is expected to report its next quarterly earnings report on Thursday, January 24th.
According to Zacks, analysts expect that Oshkosh will report full year sales of $8.03 billion for the current fiscal year, with estimates ranging from $7.92 billion to $8.15 billion. For the next financial year, analysts expect that the company will post sales of $8.46 billion, with estimates ranging from $7.98 billion to $9.12 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Oshkosh.
Oshkosh (NYSE:OSK) last issued its quarterly earnings data 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. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Oshkosh had a return on equity of 19.93% and a net margin of 6.12%. Oshkosh’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 earnings per share.
OSK has been the subject of several research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $98.00 price objective on shares of Oshkosh in a report on Wednesday, August 1st. Stifel Nicolaus reduced their price objective on Oshkosh from $106.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Sunday, July 15th. Longbow Research initiated coverage on Oshkosh in a report on Friday, July 13th. They set a “buy” rating and a $88.00 price objective for the company. Finally, SunTrust Banks lifted their price objective on Oshkosh to $96.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Oshkosh currently has a consensus rating of “Hold” and a consensus target price of $86.75.
OSK stock traded up $2.19 during midday trading on Thursday, hitting $66.93. 1,008,800 shares of the stock were exchanged, compared to its average volume of 769,247. The stock has a market cap of $4.73 billion, a PE ratio of 10.52, a P/E/G ratio of 0.54 and a beta of 1.71. Oshkosh has a fifty-two week low of $51.42 and a fifty-two week high of $100.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.21 and a current ratio of 1.93.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from Oshkosh’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, November 16th. Oshkosh’s payout ratio is 15.09%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Oshkosh by 49.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,138 shares of the company’s stock worth $318,000 after acquiring an additional 1,378 shares during the last quarter. LPL Financial LLC grew its position in shares of Oshkosh by 47.8% in the first quarter. LPL Financial LLC now owns 10,854 shares of the company’s stock valued at $839,000 after purchasing an additional 3,511 shares during the period. Legal & General Group Plc grew its position in shares of Oshkosh by 1.9% in the first quarter. Legal & General Group Plc now owns 111,005 shares of the company’s stock valued at $8,577,000 after purchasing an additional 2,079 shares during the period. Principal Financial Group Inc. grew its position in shares of Oshkosh by 2.4% in the first quarter. Principal Financial Group Inc. now owns 392,756 shares of the company’s stock valued at $30,348,000 after purchasing an additional 9,342 shares during the period. Finally, Suntrust Banks Inc. grew its position in shares of Oshkosh by 7.6% in the first quarter. Suntrust Banks Inc. now owns 22,014 shares of the company’s stock valued at $1,699,000 after purchasing an additional 1,557 shares during the period. 89.36% of the stock is owned by institutional investors.
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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