$1.43 Billion in Sales Expected for Oshkosh Corporation (OSK) This Quarter
Equities research analysts expect that Oshkosh Corporation (NYSE:OSK) will report $1.43 billion in sales for the current quarter, according to Zacks. Eight analysts have provided estimates for Oshkosh Corporation’s earnings. The lowest sales estimate is $1.31 billion and the highest is $1.53 billion. Oshkosh Corporation reported sales of $1.21 billion in the same quarter last year, which would suggest a positive year over year growth rate of 18.2%. The business is scheduled to issue its next earnings results on Thursday, January 25th.
On average, analysts expect that Oshkosh Corporation will report full-year sales of $1.43 billion for the current fiscal year, with estimates ranging from $6.81 billion to $7.18 billion. For the next financial year, analysts anticipate that the firm will report sales of $7.54 billion per share, with estimates ranging from $7.37 billion to $7.89 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Oshkosh Corporation.
Oshkosh Corporation (NYSE:OSK) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.36. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.90 billion. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. Oshkosh Corporation’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 earnings per share.
A number of equities research analysts have recently weighed in on OSK shares. Stifel Nicolaus reissued a “buy” rating and set a $80.00 price objective on shares of Oshkosh Corporation in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Tuesday, August 8th. Drexel Hamilton raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Friday, August 4th. KeyCorp reissued a “buy” rating and set a $85.00 price objective on shares of Oshkosh Corporation in a report on Sunday, September 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 price target on shares of Oshkosh Corporation in a report on Thursday, September 7th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Oshkosh Corporation currently has an average rating of “Buy” and a consensus price target of $92.85.
Oshkosh Corporation (NYSE OSK) opened at $85.81 on Wednesday. The stock has a market capitalization of $6,353.02, a price-to-earnings ratio of 20.02, a PEG ratio of 1.14 and a beta of 1.87. The company has a current ratio of 1.81, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35. Oshkosh Corporation has a 12-month low of $61.74 and a 12-month high of $94.16.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a $0.24 dividend. This is an increase from Oshkosh Corporation’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.96 dividend on an annualized basis and a yield of 1.12%. Oshkosh Corporation’s dividend payout ratio is presently 22.34%.
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In other news, SVP Bradley M. Nelson sold 7,500 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.86, for a total value of $628,950.00. Following the completion of the sale, the senior vice president now owns 18,908 shares of the company’s stock, valued at approximately $1,585,624.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Colleen R. Moynihan sold 5,259 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $88.19, for a total transaction of $463,791.21. Following the completion of the sale, the vice president now directly owns 4,647 shares of the company’s stock, valued at approximately $409,818.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,759 shares of company stock valued at $1,443,221. 2.00% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Oshkosh Corporation by 85.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock valued at $159,548,000 after buying an additional 1,063,971 shares during the period. American Century Companies Inc. boosted its position in Oshkosh Corporation by 116.7% in the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock valued at $47,467,000 after buying an additional 371,089 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Oshkosh Corporation by 93.9% in the 2nd quarter. Principal Financial Group Inc. now owns 593,678 shares of the company’s stock valued at $40,893,000 after purchasing an additional 287,560 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Oshkosh Corporation by 999.8% in the 2nd quarter. Macquarie Group Ltd. now owns 313,099 shares of the company’s stock valued at $21,566,000 after purchasing an additional 284,631 shares in the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Oshkosh Corporation in the 2nd quarter valued at $264,000. 94.41% of the stock is owned by hedge funds and other institutional investors.
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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