Equities analysts expect that Oshkosh Corporation (NYSE:OSK) will report earnings of $1.33 per share for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Oshkosh Corporation’s earnings, with the lowest EPS estimate coming in at $1.26 and the highest estimate coming in at $1.40. Oshkosh Corporation reported earnings per share of $1.13 during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.7%. The company is expected to announce its next earnings report before the market opens on Wednesday, August 2nd.
On average, analysts expect that Oshkosh Corporation will report full year earnings of $3.44 per share for the current financial year, with EPS estimates ranging from $3.35 to $3.53. For the next fiscal year, analysts anticipate that the company will report earnings of $3.79 per share, with EPS estimates ranging from $3.55 to $4.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Oshkosh Corporation.
Oshkosh Corporation (NYSE:OSK) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Oshkosh Corporation had a net margin of 3.30% and a return on equity of 12.12%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share.
A number of brokerages recently weighed in on OSK. BidaskClub raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Jefferies Group LLC reissued a “buy” rating and issued a $85.00 price target on shares of Oshkosh Corporation in a report on Thursday, June 8th. Royal Bank Of Canada boosted their price target on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. ValuEngine raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG upped their price objective on shares of Oshkosh Corporation from $73.00 to $76.00 and gave the company a “hold” rating in a report on Thursday, April 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Oshkosh Corporation presently has a consensus rating of “Hold” and an average price target of $70.18.
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Shares of Oshkosh Corporation (NYSE:OSK) traded up 0.72% during mid-day trading on Friday, reaching $69.66. 292,544 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $67.64 and its 200 day moving average price is $68.08. The company has a market cap of $5.21 billion, a PE ratio of 24.96 and a beta of 1.82. Oshkosh Corporation has a 52-week low of $48.18 and a 52-week high of $75.00.
In other Oshkosh Corporation news, Director Steven Mizell sold 1,800 shares of the stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $69.80, for a total transaction of $125,640.00. Following the transaction, the director now directly owns 8,188 shares in the company, valued at $571,522.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of OSK. Russell Investments Group Ltd. acquired a new position in shares of Oshkosh Corporation during the fourth quarter worth approximately $2,156,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Oshkosh Corporation by 48.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,855 shares of the company’s stock worth $120,000 after buying an additional 603 shares during the period. Norges Bank bought a new stake in Oshkosh Corporation during the fourth quarter worth $32,993,000. USA Financial Portformulas Corp bought a new stake in Oshkosh Corporation during the fourth quarter worth $365,000. Finally, Highbridge Capital Management LLC raised its stake in Oshkosh Corporation by 216.2% in the fourth quarter. Highbridge Capital Management LLC now owns 56,323 shares of the company’s stock worth $3,639,000 after buying an additional 38,510 shares during the period. Institutional investors and hedge funds own 94.54% of the company’s stock.
Oshkosh Corporation 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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