Brokerages Expect Oshkosh Corp (OSK) Will Announce Earnings of $1.45 Per Share
Brokerages expect Oshkosh Corp (NYSE:OSK) to post earnings per share (EPS) of $1.45 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Oshkosh’s earnings, with the highest EPS estimate coming in at $1.53 and the lowest estimate coming in at $1.33. Oshkosh reported earnings per share of $1.38 during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The firm is expected to announce its next earnings report before the market opens on Thursday, November 1st.
According to Zacks, analysts expect that Oshkosh will report full-year earnings of $6.03 per share for the current financial year, with EPS estimates ranging from $5.91 to $6.10. For the next year, analysts expect that the company will post earnings of $6.47 per share, with EPS estimates ranging from $6.25 to $6.79. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Oshkosh.
Oshkosh (NYSE:OSK) last released its quarterly earnings data on Tuesday, July 31st. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.18. Oshkosh had a net margin of 5.44% and a return on equity of 19.19%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the business earned $1.84 earnings per share. Oshkosh’s revenue was up 6.8% compared to the same quarter last year.
Shares of OSK stock traded down $1.83 during trading hours on Friday, reaching $61.53. The stock had a trading volume of 1,207,290 shares, compared to its average volume of 740,207. The company has a current ratio of 1.88, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. Oshkosh has a 12 month low of $60.87 and a 12 month high of $100.26. The firm has a market capitalization of $5.21 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 0.65 and a beta of 1.48.
In other Oshkosh news, VP David M. Sagehorn sold 45,000 shares of Oshkosh stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $75.40, for a total transaction of $3,393,000.00. Following the transaction, the vice president now directly owns 179,097 shares of the company’s stock, valued at $13,503,913.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wilson R. Jones sold 47,000 shares of Oshkosh stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $72.02, for a total transaction of $3,384,940.00. Following the transaction, the insider now directly owns 180,862 shares in the company, valued at $13,025,681.24. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Sawtooth Solutions LLC purchased a new position in shares of Oshkosh during the second quarter worth approximately $202,000. Koch Industries Inc. purchased a new position in shares of Oshkosh during the first quarter worth approximately $231,000. Trexquant Investment LP purchased a new position in shares of Oshkosh during the second quarter worth approximately $218,000. Meeder Asset Management Inc. raised its stake in shares of Oshkosh by 229.2% during the second quarter. Meeder Asset Management Inc. now owns 3,470 shares of the company’s stock worth $244,000 after acquiring an additional 2,416 shares in the last quarter. Finally, Clinton Group Inc. purchased a new position in shares of Oshkosh during the third quarter worth approximately $267,000. 89.34% of the stock is currently owned by hedge funds and other institutional investors.
Oshkosh Company Profile
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.
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