Equities research analysts predict that Oshkosh Corp (NYSE:OSK) will report $1.90 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Oshkosh’s earnings. The highest EPS estimate is $2.06 and the lowest is $1.83. Oshkosh posted earnings of $1.78 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The company is expected to announce its next earnings report before the market opens on Wednesday, October 30th.
On average, 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 company will report earnings of $7.98 per share, with EPS estimates ranging from $7.40 to $8.40. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Oshkosh.
Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, August 1st. The company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.35. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Oshkosh had a return on equity of 22.70% and a net margin of 7.04%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.20 EPS.
A number of equities research analysts recently weighed in on OSK shares. Citigroup decreased their price objective on Oshkosh from $95.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. ValuEngine cut Oshkosh from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 price objective 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 increased their price target for the company from $85.00 to $90.00 in a research note on Wednesday, September 11th. Finally, 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. Four analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $84.00.
Shares of NYSE OSK traded up $0.77 during mid-day trading on Wednesday, reaching $70.50. 7,393 shares of the company were exchanged, compared to its average volume of 622,490. The company has a quick ratio of 1.19, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 0.72 and a beta of 1.97. Oshkosh has a 1 year low of $51.42 and a 1 year high of $86.45. The firm has a 50-day moving average of $72.49 and a 200 day moving average of $77.20.
A number of institutional investors have recently added to or reduced their stakes in OSK. Prudential Financial Inc. raised its stake in Oshkosh by 95.6% in the second quarter. Prudential Financial Inc. now owns 1,775,463 shares of the company’s stock valued at $148,234,000 after buying an additional 867,889 shares during the last quarter. AQR Capital Management LLC raised its stake in Oshkosh by 47.0% in the second quarter. AQR Capital Management LLC now owns 1,999,373 shares of the company’s stock valued at $166,128,000 after buying an additional 639,237 shares during the last quarter. BlackRock Inc. raised its stake in Oshkosh by 8.8% in the second quarter. BlackRock Inc. now owns 6,823,696 shares of the company’s stock valued at $569,711,000 after buying an additional 549,796 shares during the last quarter. Bank of America Corp DE raised its stake in Oshkosh by 37.7% in the second quarter. Bank of America Corp DE now owns 924,393 shares of the company’s stock valued at $77,179,000 after buying an additional 252,874 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Oshkosh by 61.0% in the second quarter. Nuveen Asset Management LLC now owns 574,057 shares of the company’s stock valued at $47,928,000 after purchasing an additional 217,498 shares during the period. Institutional investors own 89.80% of the company’s stock.
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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