Oshkosh Corporation (NYSE:OSK) - Stock analysts at Seaport Global Securities boosted their Q3 2017 earnings per share estimates for shares of Oshkosh Corporation in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Shlisky now forecasts that the company will post earnings per share of $1.31 for the quarter, up from their prior forecast of $1.26. Seaport Global Securities also issued estimates for Oshkosh Corporation’s FY2017 earnings at $3.49 EPS, Q3 2018 earnings at $1.42 EPS and FY2018 earnings at $3.82 EPS.
Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Wednesday, April 26th. The company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. Oshkosh Corporation had a net margin of 3.30% and a return on equity of 12.12%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the firm earned $0.76 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year.
A number of other research analysts have also recently weighed in on the stock. Jefferies Group LLC restated a “buy” rating and issued a $85.00 price objective on shares of Oshkosh Corporation in a report on Thursday, July 13th. Zacks Investment Research cut shares of Oshkosh Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Bank of America Corporation cut shares of Oshkosh Corporation from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $75.00 to $60.00 in a report on Friday, July 7th. BidaskClub upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, ValuEngine upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Oshkosh Corporation currently has a consensus rating of “Hold” and a consensus target price of $70.18.
Oshkosh Corporation (NYSE:OSK) opened at 69.74 on Friday. The stock’s 50 day moving average is $67.64 and its 200-day moving average is $68.08. The company has a market capitalization of $5.22 billion, a P/E ratio of 24.99 and a beta of 1.82. Oshkosh Corporation has a 1-year low of $48.18 and a 1-year high of $75.00.
Several hedge funds have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Oshkosh Corporation by 48.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,855 shares of the company’s stock valued at $120,000 after buying an additional 603 shares in the last quarter. Invictus RG bought a new stake in shares of Oshkosh Corporation during the first quarter valued at $133,000. Advisors Asset Management Inc. increased its stake in shares of Oshkosh Corporation by 9.5% in the first quarter. Advisors Asset Management Inc. now owns 1,971 shares of the company’s stock valued at $135,000 after buying an additional 171 shares in the last quarter. James Investment Research Inc. bought a new stake in shares of Oshkosh Corporation during the first quarter valued at $144,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Oshkosh Corporation during the first quarter valued at $208,000. Institutional investors and hedge funds own 94.54% of the company’s stock.
In other Oshkosh Corporation news, Director Steven Mizell sold 1,800 shares of the business’s 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 completion of the transaction, the director now owns 8,188 shares in the company, valued at approximately $571,522.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% 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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