Equities research analysts expect Oshkosh Corp (NYSE:OSK) to post $0.53 earnings per share for the current quarter, according to Zacks. Eight analysts have made estimates for Oshkosh’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.39. Oshkosh posted earnings of $0.26 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 103.8%. The business is scheduled to report its next earnings report before the market opens on Thursday, January 25th.
On average, analysts expect that Oshkosh will report full-year earnings of $4.69 per share for the current fiscal year, with EPS estimates ranging from $4.45 to $5.05. For the next year, analysts expect that the company will post earnings of $5.40 per share, with EPS estimates ranging from $4.90 to $6.08. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Oshkosh.
Oshkosh (NYSE:OSK) last announced its earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.36. Oshkosh had a return on equity of 15.14% and a net margin of 4.18%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis.
Several brokerages recently weighed in on OSK. Jefferies Group raised their target price on Oshkosh from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 target price on shares of Oshkosh in a report on Wednesday, November 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $100.00 target price on shares of Oshkosh in a report on Thursday, November 2nd. Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Wednesday, October 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $97.00 target price on shares of Oshkosh in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $93.77.
In related news, VP Colleen R. Moynihan sold 5,259 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $88.19, for a total value of $463,791.21. Following the completion of the sale, the vice president now directly owns 4,647 shares of the company’s stock, valued at approximately $409,818.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Colleen R. Moynihan sold 4,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $87.62, for a total value of $350,480.00. Following the completion of the sale, the vice president now directly owns 7,347 shares of the company’s stock, valued at $643,744.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,153 shares of company stock valued at $9,953,433. 1.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Chevy Chase Trust Holdings Inc. purchased a new stake in Oshkosh in the 4th quarter worth about $203,000. State of Alaska Department of Revenue purchased a new stake in shares of Oshkosh during the 4th quarter worth about $399,000. Acadian Asset Management LLC raised its stake in shares of Oshkosh by 400.4% during the 4th quarter. Acadian Asset Management LLC now owns 30,003 shares of the company’s stock worth $2,727,000 after purchasing an additional 24,007 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Oshkosh by 4.0% during the 4th quarter. Bank of Montreal Can now owns 14,226 shares of the company’s stock worth $1,293,000 after purchasing an additional 550 shares in the last quarter. Finally, Davis R M Inc. raised its stake in shares of Oshkosh by 0.8% during the 4th quarter. Davis R M Inc. now owns 438,319 shares of the company’s stock worth $39,839,000 after purchasing an additional 3,526 shares in the last quarter. 94.00% of the stock is owned by hedge funds and other institutional investors.
Shares of Oshkosh (NYSE OSK) traded down $1.25 during mid-day trading on Monday, reaching $93.60. The company had a trading volume of 535,898 shares, compared to its average volume of 616,923. Oshkosh has a fifty-two week low of $61.74 and a fifty-two week high of $94.93. The company has a market capitalization of $7,010.00, a PE ratio of 24.89, a P/E/G ratio of 1.40 and a beta of 1.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.81 and a quick ratio of 1.09.
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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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