Oshkosh Corp. (NYSE:OSK) – Barrington Research raised their FY2016 earnings estimates for Oshkosh Corp. in a research note issued on Monday. Barrington Research analyst R. Hokanson now anticipates that the brokerage will post earnings per share of $2.92 for the year, up from their prior forecast of $2.72. Barrington Research has a “Outperform” rating and a $62.00 price target on the stock. Barrington Research also issued estimates for Oshkosh Corp.’s FY2017 earnings at $3.30 EPS.
Oshkosh Corp. (NYSE:OSK) last posted its earnings results on Thursday, July 28th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.13. The firm earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Oshkosh Corp. had a net margin of 3.36% and a return on equity of 11.02%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 earnings per share.
Other research analysts also recently issued reports about the company. Bank of America Corp. set a $62.00 price target on Oshkosh Corp. and gave the company a “buy” rating in a report on Saturday, September 17th. Stifel Nicolaus lowered their price target on Oshkosh Corp. from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Monday. Jefferies Group reaffirmed a “buy” rating and set a $53.00 price target on shares of Oshkosh Corp. in a report on Tuesday, June 7th. RBC Capital Markets raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $46.00 to $63.00 in a report on Friday, July 29th. Finally, Macquarie lowered their price target on Oshkosh Corp. from $53.50 to $50.00 and set a “neutral” rating on the stock in a report on Monday. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $54.94.
Oshkosh Corp. (NYSE:OSK) opened at 54.45 on Tuesday. The stock has a 50 day moving average of $54.53 and a 200-day moving average of $47.59. The company has a market cap of $4.00 billion, a PE ratio of 19.97 and a beta of 1.98. Oshkosh Corp. has a 12-month low of $29.59 and a 12-month high of $57.75.
Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors L.L.C. raised its stake in Oshkosh Corp. by 38.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 120,000 shares of the company’s stock valued at $4,904,000 after buying an additional 33,600 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Oshkosh Corp. by 25.5% in the first quarter. TIAA CREF Investment Management LLC now owns 139,338 shares of the company’s stock valued at $5,695,000 after buying an additional 28,303 shares during the last quarter. Teachers Advisors Inc. raised its stake in Oshkosh Corp. by 13.7% in the first quarter. Teachers Advisors Inc. now owns 130,955 shares of the company’s stock valued at $5,352,000 after buying an additional 15,739 shares during the last quarter. Prudential Financial Inc. raised its stake in Oshkosh Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 360,422 shares of the company’s stock valued at $14,731,000 after buying an additional 12,499 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Oshkosh Corp. by 18.5% in the first quarter. BlackRock Inc. now owns 34,427 shares of the company’s stock valued at $1,407,000 after buying an additional 5,383 shares during the last quarter. 95.60% of the stock is owned by institutional investors and hedge funds.
In other Oshkosh Corp. news, VP Mark M. Radue sold 3,133 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $54.37, for a total transaction of $170,341.21. Following the completion of the transaction, the vice president now owns 41,105 shares in the company, valued at approximately $2,234,878.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard G. Sim sold 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $53.95, for a total value of $183,430.00. Following the transaction, the director now owns 50,553 shares of the company’s stock, valued at approximately $2,727,334.35. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
About Oshkosh Corp.
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.
Receive News & Ratings for Oshkosh Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh Corp. and related companies with MarketBeat.com's FREE daily email newsletter.