Oshkosh Corp (OSK) Expected to Post Quarterly Sales of $1.97 Billion

Brokerages forecast that Oshkosh Corp (NYSE:OSK) will report $1.97 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Oshkosh’s earnings, with estimates ranging from $1.91 billion to $2.02 billion. Oshkosh reported sales of $1.89 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The business is scheduled to report its next earnings report before the market opens on Tuesday, April 30th.

On average, analysts expect that Oshkosh will report full year sales of $8.20 billion for the current year, with estimates ranging from $8.04 billion to $8.30 billion. For the next year, analysts anticipate that the company will post sales of $8.41 billion, with estimates ranging from $8.01 billion to $8.86 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Oshkosh.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, January 30th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.67. Oshkosh had a return on equity of 21.83% and a net margin of 6.62%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis.

OSK has been the topic of several recent research reports. Zacks Investment Research downgraded Oshkosh from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Royal Bank of Canada reissued a “buy” rating and issued a $82.00 price target on shares of Oshkosh in a research note on Monday, January 7th. JPMorgan Chase & Co. raised Oshkosh from a “neutral” rating to an “overweight” rating and set a $80.00 price target on the stock in a research note on Thursday, January 10th. Bank of America raised Oshkosh from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Thursday, January 31st. Finally, ValuEngine raised Oshkosh from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $83.83.

In related news, EVP John J. Bryant sold 4,819 shares of Oshkosh stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $77.85, for a total value of $375,159.15. Following the sale, the executive vice president now owns 6,309 shares of the company’s stock, valued at $491,155.65. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Wilson R. Jones sold 16,000 shares of Oshkosh stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $79.04, for a total value of $1,264,640.00. Following the completion of the sale, the insider now directly owns 168,274 shares in the company, valued at approximately $13,300,376.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,928 shares of company stock worth $6,771,979. 1.90% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its position in shares of Oshkosh by 3.3% in the fourth quarter. California Public Employees Retirement System now owns 161,313 shares of the company’s stock valued at $9,890,000 after acquiring an additional 5,181 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Oshkosh by 2.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 42,405 shares of the company’s stock valued at $2,600,000 after acquiring an additional 1,135 shares during the last quarter. Jane Street Group LLC bought a new position in Oshkosh during the fourth quarter worth about $697,000. Murphy Middleton Hinkle & Parker Inc. bought a new position in Oshkosh during the fourth quarter worth about $981,000. Finally, Bank of New York Mellon Corp grew its holdings in Oshkosh by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 892,149 shares of the company’s stock worth $63,557,000 after purchasing an additional 22,252 shares during the period. 89.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of OSK traded up $1.67 during midday trading on Thursday, hitting $81.72. The stock had a trading volume of 336,782 shares, compared to its average volume of 702,522. Oshkosh has a twelve month low of $51.42 and a twelve month high of $82.48. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 0.95 and a beta of 1.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.99 and a quick ratio of 1.12.

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 services; and chassis and service parts sales.

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Earnings History and Estimates for Oshkosh (NYSE:OSK)

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