Oshkosh Corp (OSK) Expected to Post Quarterly Sales of $1.72 Billion

Brokerages expect Oshkosh Corp (NYSE:OSK) to announce $1.72 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Oshkosh’s earnings, with estimates ranging from $1.67 billion to $1.76 billion. Oshkosh posted sales of $1.62 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The company is expected to issue its next earnings report on Wednesday, April 25th.

On average, analysts expect that Oshkosh will report full-year sales of $1.72 billion for the current fiscal year, with estimates ranging from $7.20 billion to $7.35 billion. For the next fiscal year, analysts expect that the company will report sales of $7.75 billion per share, with estimates ranging from $7.61 billion to $7.95 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Oshkosh.

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Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.29. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was up 31.0% on a year-over-year basis.

A number of analysts have recently commented on OSK shares. ValuEngine raised Oshkosh from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price target on Oshkosh from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, January 26th. KeyCorp reissued a “buy” rating and set a $104.00 price target on shares of Oshkosh in a research note on Friday, January 26th. SunTrust Banks reissued a “buy” rating on shares of Oshkosh in a research note on Friday, January 26th. Finally, Deutsche Bank raised Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Monday. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $93.00.

Shares of Oshkosh stock traded down $0.90 during mid-day trading on Friday, hitting $78.42. The stock had a trading volume of 579,924 shares, compared to its average volume of 887,799. Oshkosh has a 12-month low of $61.74 and a 12-month high of $100.26. The firm has a market capitalization of $5,919.18, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. The company has a quick ratio of 1.08, a current ratio of 1.86 and a debt-to-equity ratio of 0.35.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.22%. Oshkosh’s dividend payout ratio (DPR) is 22.64%.

In other news, Director Duncan Palmer sold 1,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $91.93, for a total transaction of $137,895.00. Following the completion of the transaction, the director now directly owns 23,095 shares in the company, valued at $2,123,123.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie F. Kenne sold 1,061 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $90.82, for a total value of $96,360.02. Following the transaction, the director now owns 25,320 shares of the company’s stock, valued at $2,299,562.40. The disclosure for this sale can be found here. Insiders have sold 6,361 shares of company stock valued at $564,480 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in Oshkosh by 12.0% in the fourth quarter. BlackRock Inc. now owns 6,870,772 shares of the company’s stock worth $624,485,000 after purchasing an additional 736,440 shares in the last quarter. Lodge Hill Capital LLC bought a new stake in Oshkosh in the fourth quarter worth approximately $51,807,000. JPMorgan Chase & Co. increased its holdings in Oshkosh by 18.4% in the third quarter. JPMorgan Chase & Co. now owns 2,742,675 shares of the company’s stock worth $226,765,000 after purchasing an additional 426,359 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Oshkosh in the fourth quarter worth approximately $31,006,000. Finally, Two Sigma Investments LP bought a new stake in Oshkosh in the fourth quarter worth approximately $30,612,000. Institutional investors own 91.87% of the company’s stock.

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About Oshkosh

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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Earnings History and Estimates for Oshkosh (NYSE:OSK)

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