Oshkosh Corporation (NYSE:OSK) – Equities research analysts at Seaport Global Securities boosted their FY2017 earnings per share (EPS) estimates for Oshkosh Corporation in a research note issued on Thursday. Seaport Global Securities analyst M. Shlisky now expects that the company will earn $3.88 per share for the year, up from their previous estimate of $3.49. Seaport Global Securities also issued estimates for Oshkosh Corporation’s Q1 2018 earnings at $0.41 EPS, Q3 2018 earnings at $1.78 EPS and FY2018 earnings at $4.25 EPS.
Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.51. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS.
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Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada upped their price target on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. Barrington Research upped their price target on shares of Oshkosh Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. ValuEngine upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Bank of America Corporation lowered shares of Oshkosh Corporation from a “neutral” rating to an “underperform” rating and cut their price target for the company from $75.00 to $60.00 in a research report on Friday, July 7th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Oshkosh Corporation currently has an average rating of “Buy” and an average target price of $75.67.
Shares of Oshkosh Corporation (NYSE:OSK) opened at 74.76 on Monday. The firm has a 50 day moving average price of $68.51 and a 200-day moving average price of $68.23. Oshkosh Corporation has a one year low of $50.77 and a one year high of $75.86. The firm has a market cap of $5.59 billion, a P/E ratio of 22.18 and a beta of 1.81.
Institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in Oshkosh Corporation by 10.2% in the fourth quarter. Macquarie Group Ltd. now owns 27,321 shares of the company’s stock worth $1,765,000 after buying an additional 2,521 shares during the last quarter. Raymond James Trust N.A. bought a new position in Oshkosh Corporation during the first quarter worth about $208,000. Bremer Trust National Association increased its position in Oshkosh Corporation by 8.7% in the first quarter. Bremer Trust National Association now owns 18,396 shares of the company’s stock worth $1,262,000 after buying an additional 1,479 shares during the last quarter. Skylands Capital LLC increased its position in Oshkosh Corporation by 117.2% in the first quarter. Skylands Capital LLC now owns 69,600 shares of the company’s stock worth $4,774,000 after buying an additional 37,550 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Oshkosh Corporation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the company’s stock worth $1,289,000 after buying an additional 400 shares during the last quarter. 95.09% of the stock is owned by institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Wednesday, August 16th. Oshkosh Corporation’s payout ratio is currently 25.07%.
About Oshkosh Corporation
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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