Oshkosh Corp (NYSE:OSK) has earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $87.36.
OSK has been the subject of a number of research reports. Royal Bank of Canada reiterated a “buy” rating and set a $98.00 target price on shares of Oshkosh in a research report on Wednesday, August 1st. ValuEngine lowered shares of Oshkosh from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 6th. Credit Suisse Group cut their target price on shares of Oshkosh from $96.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, August 1st. Stifel Nicolaus cut their target price on shares of Oshkosh from $106.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. Finally, KeyCorp cut their target price on shares of Oshkosh from $104.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, August 1st.
A number of large investors have recently modified their holdings of the business. Natixis purchased a new stake in shares of Oshkosh in the second quarter worth about $5,239,000. Systematic Financial Management LP lifted its holdings 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 worth $12,181,000 after buying an additional 42,592 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Oshkosh in the second quarter worth about $218,000. Oakbrook Investments LLC lifted its holdings in shares of Oshkosh by 104.3% in the second quarter. Oakbrook Investments LLC now owns 7,050 shares of the company’s stock worth $496,000 after buying an additional 3,600 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Oshkosh in the second quarter worth about $1,399,000. Hedge funds and other institutional investors own 89.36% of the company’s stock.
Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, November 1st. The company reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.35. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.98 billion. Oshkosh had a net margin of 6.12% and a return on equity of 19.93%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.38 EPS. On average, research analysts anticipate that Oshkosh will post 6.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 19th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, November 16th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.24. Oshkosh’s dividend payout ratio (DPR) is currently 15.09%.
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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