Oshkosh Corp (OSK) Expected to Announce Earnings of $1.45 Per Share

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Wall Street analysts expect Oshkosh Corp (NYSE:OSK) to report earnings per share (EPS) of $1.45 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Oshkosh’s earnings. The lowest EPS estimate is $1.33 and the highest is $1.53. Oshkosh reported earnings of $1.38 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The firm is expected to report its next earnings results before the market opens on Thursday, November 1st.

On average, analysts expect that Oshkosh will report full year earnings of $6.03 per share for the current financial year, with EPS estimates ranging from $5.91 to $6.10. For the next fiscal year, analysts forecast that the company will post earnings of $6.47 per share, with EPS estimates ranging from $6.25 to $6.79. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Oshkosh.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $2.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.18. Oshkosh had a return on equity of 19.19% and a net margin of 5.44%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the company posted $1.84 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year.

Several research analysts have weighed in on OSK shares. ValuEngine downgraded Oshkosh from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. Zacks Investment Research cut Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday, June 30th. Longbow Research started coverage on Oshkosh in a report on Friday, July 13th. They set a “buy” rating and a $88.00 price objective on the stock. KeyCorp decreased their price objective on Oshkosh from $104.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, August 1st. Finally, Stifel Nicolaus decreased their price objective on Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. Oshkosh presently has a consensus rating of “Hold” and an average price target of $89.87.

In related news, insider Wilson R. Jones sold 47,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $72.02, for a total transaction of $3,384,940.00. Following the sale, the insider now owns 180,862 shares in the company, valued at approximately $13,025,681.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David M. Sagehorn sold 45,000 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $75.40, for a total value of $3,393,000.00. Following the sale, the vice president now owns 179,097 shares in the company, valued at approximately $13,503,913.80. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Aristotle Capital Management LLC raised its holdings in Oshkosh by 8.9% during the 1st quarter. Aristotle Capital Management LLC now owns 5,035,322 shares of the company’s stock valued at $389,079,000 after buying an additional 410,630 shares during the period. LSV Asset Management raised its holdings in Oshkosh by 8.9% during the 2nd quarter. LSV Asset Management now owns 1,079,709 shares of the company’s stock valued at $75,925,000 after buying an additional 88,038 shares during the period. Millennium Management LLC raised its holdings in Oshkosh by 24.5% during the 1st quarter. Millennium Management LLC now owns 1,065,126 shares of the company’s stock valued at $82,302,000 after buying an additional 209,324 shares during the period. FMR LLC raised its holdings in Oshkosh by 292.0% during the 2nd quarter. FMR LLC now owns 893,679 shares of the company’s stock valued at $62,843,000 after buying an additional 665,690 shares during the period. Finally, Northern Trust Corp raised its holdings in Oshkosh by 4.0% during the 1st quarter. Northern Trust Corp now owns 669,971 shares of the company’s stock valued at $51,769,000 after buying an additional 25,797 shares during the period. Institutional investors own 89.34% of the company’s stock.

OSK stock traded down $1.83 during midday trading on Friday, hitting $61.53. The company’s stock had a trading volume of 1,207,290 shares, compared to its average volume of 740,207. Oshkosh has a 12 month low of $60.87 and a 12 month high of $100.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.88 and a quick ratio of 1.16. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 0.65 and a beta of 1.48.

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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Earnings History and Estimates for Oshkosh (NYSE:OSK)

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