Oshkosh Corp. (NYSE:OSK) issued an update on its FY16 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.85-3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.78. The company issued revenue guidance of $6.1-6.2 billion, compared to the consensus revenue estimate of $6.10 billion.Oshkosh Corp. also updated its FY17 guidance to $3.00-3.40 EPS.
Oshkosh Corp. (NYSE:OSK) opened at 52.42 on Tuesday. The company has a market cap of $3.85 billion, a P/E ratio of 19.22 and a beta of 1.98. Oshkosh Corp. has a 12 month low of $29.59 and a 12 month high of $57.75. The firm has a 50-day moving average price of $54.51 and a 200 day moving average price of $47.42.
Oshkosh Corp. (NYSE:OSK) last released its earnings results on Thursday, July 28th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.13. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.61 billion. Oshkosh Corp. had a return on equity of 11.02% and a net margin of 3.36%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 earnings per share. Equities research analysts predict that Oshkosh Corp. will post $2.78 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. Oshkosh Corp.’s dividend payout ratio (DPR) is presently 27.94%.
Several research firms have recently weighed in on OSK. JPMorgan Chase & Co. upgraded Oshkosh Corp. from a neutral rating to an overweight rating in a research report on Monday. Drexel Hamilton restated a hold rating on shares of Oshkosh Corp. in a research report on Monday. Bank of America Corp. set a $62.00 target price on Oshkosh Corp. and gave the company a buy rating in a research report on Saturday, September 17th. Macquarie reduced their price objective on Oshkosh Corp. from $53.50 to $50.00 and set a neutral rating on the stock in a research report on Monday. Finally, Jefferies Group reiterated a buy rating on shares of Oshkosh Corp. in a research report on Monday. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Oshkosh Corp. presently has an average rating of Buy and an average price target of $53.63.
In other news, VP David M. Sagehorn sold 49,495 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $54.13, for a total value of $2,679,164.35. Following the completion of the sale, the vice president now directly owns 111,113 shares of the company’s stock, valued at approximately $6,014,546.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark M. Radue sold 3,133 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were 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 directly owns 41,105 shares of the company’s stock, valued at $2,234,878.85. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Fund Advisors increased its stake in Oshkosh Corp. by 5.2% in the second quarter. BlackRock Fund Advisors now owns 2,544,627 shares of the company’s stock valued at $121,404,000 after buying an additional 125,623 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in Oshkosh Corp. during the second quarter valued at $4,776,000. UBS Oconnor LLC purchased a new stake in Oshkosh Corp. during the second quarter valued at $4,428,000. BlackRock Institutional Trust Company N.A. increased its stake in Oshkosh Corp. by 3.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,213,536 shares of the company’s stock valued at $105,608,000 after buying an additional 81,728 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Oshkosh Corp. by 23.6% in the second quarter. AQR Capital Management LLC now owns 303,558 shares of the company’s stock valued at $14,483,000 after buying an additional 57,909 shares during the last quarter. 95.60% of the stock is owned by institutional investors and hedge funds.
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.
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