Oshkosh Corp (OSK) Earning Somewhat Favorable News Coverage, Analysis Shows
Media stories about Oshkosh Corp (NYSE:OSK) have been trending somewhat positive on Tuesday, Alpha One reports. The research firm, a subsidiary of Accern, ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oshkosh Corp earned a media sentiment score of 0.15 on Alpha One’s scale. Alpha One also assigned news headlines about the company an impact score of 77 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected AlphaOne Sentiment’s rankings:
- Oshkosh Defense Awarded $258 Million from U.S. Army for Recapitalization of Heavy Vehicle Fleet (finance.yahoo.com)
- Oshkosh Corp (OSK) Expected to Post Earnings of $0.74 Per Share (americanbankingnews.com)
- Oshkosh Gets $260M Army Recapitalization Funds for Mobility Tactical Trucks, Palletized Load Systems (govconwire.com)
- Pierce to Display New Ascendant Aerial Offerings at FDIC; Host NFFF 9/11 Stair Climb Kickoff – Firefighter Nation (firefighternation.com)
- Oshkosh Corporation to Announce Second Quarter Earnings April 26, 2017 (finance.yahoo.com)
Shares of Oshkosh Corp (NYSE:OSK) traded up 1.26% during midday trading on Tuesday, reaching $69.01. 835,948 shares of the company traded hands. The company has a market capitalization of $5.15 billion, a PE ratio of 23.18 and a beta of 1.75. The company has a 50 day moving average price of $68.84 and a 200 day moving average price of $65.45. Oshkosh Corp has a 1-year low of $38.59 and a 1-year high of $74.16.
Oshkosh Corp (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 26th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.12 by $0.14. Oshkosh Corp had a net margin of 3.54% and a return on equity of 12.27%. The business earned $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business posted $0.19 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts expect that Oshkosh Corp will post $3.41 earnings per share for the current year.
OSK has been the topic of a number of recent research reports. Jefferies Group LLC upped their price objective on shares of Oshkosh Corp from $78.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Zacks Investment Research upgraded shares of Oshkosh Corp from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, January 10th. Royal Bank of Canada restated a “buy” rating and issued a $79.00 price objective on shares of Oshkosh Corp in a report on Tuesday, March 14th. Seaport Global Securities upgraded shares of Oshkosh Corp from an “accumulate” rating to a “buy” rating in a report on Wednesday, February 1st. Finally, Deutsche Bank AG upped their price objective on shares of Oshkosh Corp from $73.00 to $76.00 and gave the stock a “hold” rating in a report on Thursday, April 6th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $67.00.
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In other news, insider Wilson R. Jones sold 25,000 shares of the business’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $71.00, for a total value of $1,775,000.00. Following the completion of the sale, the insider now owns 117,623 shares in the company, valued at approximately $8,351,233. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Wilson R. Jones sold 35,000 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $69.00, for a total transaction of $2,415,000.00. Following the completion of the sale, the insider now owns 142,623 shares of the company’s stock, valued at approximately $9,840,987. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,300 shares of company stock valued at $9,346,105. Company insiders own 2.00% 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.
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