Oshkosh Co. (OSK) Expected to Post Earnings of $1.47 Per Share

Analysts expect Oshkosh Co. (NYSE:OSK) to announce earnings of $1.47 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Oshkosh’s earnings, with estimates ranging from $1.42 to $1.53. Oshkosh reported earnings per share of $1.38 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, October 30th.

On average, analysts expect that Oshkosh will report full year earnings of $6.01 per share for the current fiscal year, with EPS estimates ranging from $5.80 to $6.10. For the next financial year, analysts expect that the firm will report earnings of $6.50 per share, with EPS estimates ranging from $6.25 to $6.79. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Oshkosh.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.18. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.16 billion. Oshkosh had a return on equity of 19.19% and a net margin of 5.44%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 earnings per share.

Several equities research analysts have weighed in on OSK shares. Zacks Investment Research raised Oshkosh from a “hold” rating to a “strong-buy” rating and set a $82.00 price target for the company in a report on Thursday, May 3rd. SunTrust Banks raised their price target on Oshkosh to $110.00 and gave the stock a “buy” rating in a report on Friday, April 20th. ValuEngine downgraded Oshkosh from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Longbow Research started coverage on Oshkosh in a report on Friday, July 13th. They issued a “buy” rating and a $88.00 price target for the company. Finally, Stifel Nicolaus lowered 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. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $92.15.

NYSE OSK traded up $1.31 during trading on Thursday, hitting $69.23. The company’s stock had a trading volume of 876,600 shares, compared to its average volume of 775,314. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.88. The company has a market cap of $5.15 billion, a PE ratio of 16.29, a P/E/G ratio of 0.64 and a beta of 1.51. Oshkosh has a fifty-two week low of $66.77 and a fifty-two week high of $100.26.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 30th. Shareholders of record on Thursday, August 16th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.39%. The ex-dividend date is Wednesday, August 15th. Oshkosh’s dividend payout ratio is presently 22.59%.

In other news, insider Wilson R. Jones sold 47,000 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $72.02, for a total value of $3,384,940.00. Following the completion of the transaction, the insider now directly owns 180,862 shares in the company, valued at $13,025,681.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David M. Sagehorn sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $75.40, for a total value of $3,393,000.00. Following the completion of the transaction, the vice president now owns 179,097 shares of the company’s stock, valued at $13,503,913.80. The disclosure for this sale can be found here. In the last three months, insiders sold 99,180 shares of company stock valued at $7,346,740. Corporate insiders own 1.60% of the company’s stock.

Several large investors have recently made changes to their positions in OSK. JPMorgan Chase & Co. raised its stake in shares of Oshkosh by 31.7% in the first quarter. JPMorgan Chase & Co. now owns 3,574,951 shares of the company’s stock worth $276,236,000 after purchasing an additional 860,630 shares during the last quarter. FMR LLC raised its stake in shares of Oshkosh by 292.0% in the second 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 last quarter. Aristotle Capital Management LLC raised its stake in shares of Oshkosh by 8.9% in the first quarter. Aristotle Capital Management LLC now owns 5,035,322 shares of the company’s stock worth $389,079,000 after purchasing an additional 410,630 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Oshkosh during the second quarter valued at approximately $23,987,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in Oshkosh by 76.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 602,050 shares of the company’s stock valued at $46,521,000 after acquiring an additional 260,910 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Oshkosh Company Profile

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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Earnings History and Estimates for Oshkosh (NYSE:OSK)

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