Oshkosh Corp. (NYSE:OSK) – Research analysts at SunTrust Banks raised their FY2016 EPS estimates for shares of Oshkosh Corp. in a research report issued to clients and investors on Monday. SunTrust Banks analyst C. Brady now expects that the firm will earn $2.92 per share for the year, up from their previous estimate of $2.76. SunTrust Banks also issued estimates for Oshkosh Corp.’s Q4 2016 earnings at $0.83 EPS, Q1 2017 earnings at $0.09 EPS, Q2 2017 earnings at $0.56 EPS, Q3 2017 earnings at $1.53 EPS, Q4 2017 earnings at $1.09 EPS and FY2018 earnings at $3.36 EPS.
Other research analysts also recently issued reports about the company. Macquarie dropped their price target on Oshkosh Corp. from $53.50 to $50.00 and set a “neutral” rating on the stock in a research report on Monday. Deutsche Bank AG dropped their price target on Oshkosh Corp. from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday. Drexel Hamilton reaffirmed a “hold” rating on shares of Oshkosh Corp. in a research report on Monday. Jefferies Group reaffirmed a “buy” rating on shares of Oshkosh Corp. in a research report on Monday. Finally, Stifel Nicolaus dropped their price target on Oshkosh Corp. from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Oshkosh Corp. currently has an average rating of “Buy” and a consensus target price of $53.63.
Oshkosh Corp. (NYSE:OSK) traded up 0.99% during trading on Tuesday, hitting $52.94. The stock had a trading volume of 362,011 shares. The company’s 50-day moving average is $54.51 and its 200 day moving average is $47.42. The firm has a market cap of $3.89 billion, a PE ratio of 19.41 and a beta of 1.98. Oshkosh Corp. has a 52 week low of $29.59 and a 52 week high of $57.75.
Oshkosh Corp. (NYSE:OSK) last released its earnings results on Thursday, July 28th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.13. The company earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Oshkosh Corp. had a return on equity of 11.02% and a net margin of 3.36%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 EPS.
Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC increased its stake in Oshkosh Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,666 shares of the company’s stock worth $604,000 after buying an additional 52 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in Oshkosh Corp. during the second quarter worth $1,596,000. Public Employees Retirement System of Ohio increased its stake in Oshkosh Corp. by 111.5% in the second quarter. Public Employees Retirement System of Ohio now owns 48,927 shares of the company’s stock worth $2,334,000 after buying an additional 25,795 shares during the last quarter. Calvert Investment Management Inc. increased its stake in Oshkosh Corp. by 2.7% in the second quarter. Calvert Investment Management Inc. now owns 5,930 shares of the company’s stock worth $283,000 after buying an additional 154 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Oshkosh Corp. by 8.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 291,372 shares of the company’s stock worth $13,902,000 after buying an additional 23,539 shares during the last quarter. Institutional investors own 95.60% of the company’s stock.
In other Oshkosh Corp. news, insider Joseph H. Kimmitt sold 18,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $54.50, for a total value of $981,000.00. Following the transaction, the insider now owns 61,282 shares of the company’s stock, valued at $3,339,869. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP R Scott Grennier sold 6,430 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $54.12, for a total value of $347,991.60. Following the completion of the transaction, the vice president now directly owns 14,366 shares in the company, valued at approximately $777,487.92. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, August 11th. Oshkosh Corp.’s dividend payout ratio is currently 27.94%.
Oshkosh Corp. Company Profile
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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