Q4 2017 EPS Estimates for Oshkosh Corporation (OSK) Cut by KeyCorp
Oshkosh Corporation (NYSE:OSK) – Investment analysts at KeyCorp decreased their Q4 2017 earnings per share estimates for shares of Oshkosh Corporation in a research report issued on Thursday. KeyCorp analyst S. Barger now forecasts that the company will post earnings per share of $1.01 for the quarter, down from their previous forecast of $1.07. KeyCorp also issued estimates for Oshkosh Corporation’s Q2 2018 earnings at $0.92 EPS, Q4 2018 earnings at $0.97 EPS and FY2018 earnings at $4.14 EPS.
A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Tuesday. Drexel Hamilton upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Friday. Deutsche Bank AG increased their price target on Oshkosh Corporation from $79.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Bank of America Corporation upgraded Oshkosh Corporation from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $60.00 to $78.00 in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada increased their price target on Oshkosh Corporation from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $75.67.
Oshkosh Corporation (OSK) opened at 74.83 on Monday. The firm’s 50-day moving average price is $68.51 and its 200 day moving average price is $68.23. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 22.20 and a beta of 1.81. Oshkosh Corporation has a 12-month low of $50.77 and a 12-month high of $75.00.
Oshkosh Corporation (NYSE:OSK) last posted its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.51. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates 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 for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be given a $0.21 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.84 annualized dividend and a yield of 1.12%. Oshkosh Corporation’s payout ratio is 25.07%.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock valued at $464,212,000 after buying an additional 973,348 shares during the last quarter. BlackRock Inc. boosted its position in shares of Oshkosh Corporation by 5,532.7% in the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock valued at $441,107,000 after buying an additional 6,316,906 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Oshkosh Corporation by 4.4% in the first quarter. Alliancebernstein L.P. now owns 4,279,772 shares of the company’s stock valued at $293,550,000 after buying an additional 178,674 shares during the last quarter. Aristotle Capital Management LLC boosted its position in shares of Oshkosh Corporation by 4.6% in the first quarter. Aristotle Capital Management LLC now owns 4,268,889 shares of the company’s stock valued at $292,803,000 after buying an additional 188,368 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Oshkosh Corporation by 54.3% in the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock valued at $202,350,000 after buying an additional 1,037,968 shares during the last quarter. 95.09% of the stock is currently owned by institutional investors and hedge funds.
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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