Oshkosh Corp (NYSE:OSK) Expected to Announce Earnings of $1.90 Per Share

Analysts expect Oshkosh Corp (NYSE:OSK) to post earnings of $1.90 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Oshkosh’s earnings. The lowest EPS estimate is $1.83 and the highest is $2.06. Oshkosh reported earnings of $1.78 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The business is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, October 30th.

According to Zacks, analysts expect that Oshkosh will report full year earnings of $8.04 per share for the current year, with EPS estimates ranging from $7.97 to $8.16. For the next financial year, analysts forecast that the firm will report earnings of $7.97 per share, with EPS estimates ranging from $7.40 to $8.40. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Oshkosh.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, August 1st. The company reported $2.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.35. Oshkosh had a return on equity of 22.70% and a net margin of 7.04%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the business earned $2.20 EPS. Oshkosh’s revenue for the quarter was up 10.0% compared to the same quarter last year.

Several equities analysts recently weighed in on OSK shares. Citigroup cut their price target on Oshkosh from $95.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Dougherty & Co started coverage on Oshkosh in a research note on Wednesday, August 28th. They issued a “buy” rating and a $80.00 price target for the company. Zacks Investment Research upgraded Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Thursday, July 11th. JPMorgan Chase & Co. upgraded Oshkosh from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $85.00 to $90.00 in a research note on Wednesday, September 11th. Finally, ValuEngine lowered Oshkosh from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $84.00.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Oshkosh by 8.8% during the 2nd quarter. BlackRock Inc. now owns 6,823,696 shares of the company’s stock worth $569,711,000 after buying an additional 549,796 shares in the last quarter. Vanguard Group Inc. increased its stake in Oshkosh by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,622,346 shares of the company’s stock worth $552,900,000 after buying an additional 59,234 shares in the last quarter. AQR Capital Management LLC increased its stake in Oshkosh by 47.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,999,373 shares of the company’s stock worth $166,128,000 after buying an additional 639,237 shares in the last quarter. Prudential Financial Inc. increased its stake in Oshkosh by 95.6% during the 2nd quarter. Prudential Financial Inc. now owns 1,775,463 shares of the company’s stock worth $148,234,000 after buying an additional 867,889 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Oshkosh by 12.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,018,075 shares of the company’s stock worth $85,000,000 after buying an additional 112,256 shares in the last quarter. Institutional investors own 90.21% of the company’s stock.

Shares of Oshkosh stock traded down $0.83 on Wednesday, hitting $73.46. The company’s stock had a trading volume of 18,553 shares, compared to its average volume of 538,870. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.99. Oshkosh has a 1 year low of $51.42 and a 1 year high of $86.45. The firm has a fifty day moving average price of $72.62 and a 200-day moving average price of $77.18. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 0.71 and a beta of 1.97.

About Oshkosh

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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