Oshkosh Corp. (NYSE:OSK) – Stock analysts at Seaport Global Securities upped their FY2016 earnings per share (EPS) estimates for Oshkosh Corp. in a research report issued on Monday. Seaport Global Securities analyst M. Shlisky now forecasts that the firm will earn $2.96 per share for the year, up from their previous forecast of $2.71. Seaport Global Securities also issued estimates for Oshkosh Corp.’s Q2 2017 earnings at $0.86 EPS, Q3 2017 earnings at $1.21 EPS, Q4 2017 earnings at $1.03 EPS and FY2018 earnings at $3.56 EPS.
Oshkosh Corp. (NYSE:OSK) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.00 by $0.13. The company earned $1.75 billion during the quarter, compared to analyst estimates of $1.61 billion. Oshkosh Corp. had a net margin of 3.36% and a return on equity of 11.02%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS.
OSK has been the topic of several other reports. Credit Suisse Group AG upgraded shares of Oshkosh Corp. from an “underperform” rating to a “neutral” rating and increased their price target for the company from $50.00 to $54.00 in a research note on Monday. Zacks Investment Research lowered shares of Oshkosh Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. JPMorgan Chase & Co. upgraded shares of Oshkosh Corp. from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a research note on Monday. Deutsche Bank AG assumed coverage on Oshkosh Corp. in a report on Tuesday, September 6th. They issued a “buy” rating and a $62.00 price objective for the company. Finally, Stifel Nicolaus increased their price objective on Oshkosh Corp. from $53.00 to $63.00 and gave the company a “buy” rating in a report on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Oshkosh Corp. presently has a consensus rating of “Buy” and a consensus target price of $54.94.
Shares of Oshkosh Corp. (NYSE:OSK) opened at 54.45 on Tuesday. Oshkosh Corp. has a one year low of $29.59 and a one year high of $57.75. The company has a 50-day moving average of $54.53 and a 200 day moving average of $47.59. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 19.97 and a beta of 1.98.
In other Oshkosh Corp. news, VP Mark M. Radue sold 3,133 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $54.37, for a total value of $170,341.21. Following the completion of the sale, the vice president now owns 41,105 shares of the company’s stock, valued at $2,234,878.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP R Scott Grennier sold 1,000 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $54.78, for a total value of $54,780.00. Following the completion of the sale, the vice president now directly owns 6,336 shares of the company’s stock, valued at approximately $347,086.08. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in OSK. BlackRock Japan Co. Ltd acquired a new stake in Oshkosh Corp. during the second quarter worth approximately $127,000. US Bancorp DE increased its stake in Oshkosh Corp. by 1.1% in the second quarter. US Bancorp DE now owns 3,154 shares of the company’s stock worth $150,000 after buying an additional 34 shares during the period. Pacer Advisors Inc. acquired a new stake in Oshkosh Corp. during the second quarter worth approximately $201,000. 1st Global Advisors Inc. acquired a new stake in Oshkosh Corp. during the second quarter worth approximately $205,000. Finally, Oarsman Capital Inc. acquired a new stake in Oshkosh Corp. during the second quarter worth approximately $208,000. 95.60% of the stock is owned by institutional investors.
Oshkosh Corp. Company Profile
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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