$1.45 EPS Expected for Oshkosh Corp (OSK) This Quarter

Equities research analysts predict that Oshkosh Corp (NYSE:OSK) will announce $1.45 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Oshkosh’s earnings. The lowest EPS estimate is $1.33 and the highest is $1.53. Oshkosh reported earnings of $1.38 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The business is expected to report its next earnings results before the market opens on Thursday, November 1st.

On average, analysts expect that Oshkosh will report full-year earnings of $6.03 per share for the current year, with EPS estimates ranging from $5.91 to $6.10. For the next fiscal year, analysts anticipate that the business will post earnings of $6.47 per share, with EPS estimates ranging from $6.25 to $6.79. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Oshkosh.

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

OSK has been the subject of several recent research reports. Buckingham Research initiated coverage on shares of Oshkosh in a research note on Tuesday, August 28th. They issued a “neutral” rating and a $76.00 price target for the company. Zacks Investment Research raised shares of Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Sunday, July 15th. ValuEngine raised shares of Oshkosh from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 13th. Bank of America lowered their price target on shares of Oshkosh from $84.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. Finally, Longbow Research initiated coverage on shares of Oshkosh in a research note on Friday, July 13th. They issued a “buy” rating and a $88.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $89.87.

In other Oshkosh news, insider Wilson R. Jones sold 47,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $72.02, for a total value of $3,384,940.00. Following the transaction, the insider now owns 180,862 shares in the company, valued at $13,025,681.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Sagehorn sold 45,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $75.40, for a total transaction of $3,393,000.00. Following the completion of the transaction, the vice president now owns 179,097 shares in the company, valued at approximately $13,503,913.80. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Trexquant Investment LP purchased a new position in shares of Oshkosh in the second quarter valued at about $218,000. Systematic Financial Management LP increased its position in shares of Oshkosh by 32.6% in the second quarter. Systematic Financial Management LP now owns 173,218 shares of the company’s stock valued at $12,181,000 after acquiring an additional 42,592 shares during the period. Natixis purchased a new position in shares of Oshkosh in the second quarter valued at about $5,239,000. Oakbrook Investments LLC increased its position in shares of Oshkosh by 104.3% in the second quarter. Oakbrook Investments LLC now owns 7,050 shares of the company’s stock valued at $496,000 after acquiring an additional 3,600 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of Oshkosh by 6.0% in the second quarter. Canada Pension Plan Investment Board now owns 402,786 shares of the company’s stock valued at $28,324,000 after acquiring an additional 22,700 shares during the period. Hedge funds and other institutional investors own 89.34% of the company’s stock.

Oshkosh stock opened at $69.90 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.88 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 0.65 and a beta of 1.48. Oshkosh has a twelve month low of $66.77 and a twelve month high of $100.26.

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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