Q4 2016 Earnings Estimate for Oshkosh Corp. (OSK) Issued By Jefferies Group
Oshkosh Corp. (NYSE:OSK) – Jefferies Group lifted their Q4 2016 EPS estimates for Oshkosh Corp. in a note issued to investors on Sunday. Jefferies Group analyst S. Volkmann now anticipates that the firm will post earnings per share of $0.70 for the quarter, up from their prior forecast of $0.65. Jefferies Group currently has a “Buy” rating and a $65.00 target price on the stock. Jefferies Group also issued estimates for Oshkosh Corp.’s Q3 2017 earnings at $1.45 EPS, Q4 2017 earnings at $0.95 EPS and FY2018 earnings at $3.95 EPS.
Several other analysts also recently commented on OSK. JPMorgan Chase & Co. raised Oshkosh Corp. from a “neutral” rating to an “overweight” rating and set a $60.00 price objective for the company in a research note on Monday. Bank of America Corp. set a $62.00 price objective on Oshkosh Corp. and gave the stock a “buy” rating in a research note on Saturday, September 17th. Drexel Hamilton reissued a “hold” rating on shares of Oshkosh Corp. in a research note on Monday. Macquarie lowered their price objective on Oshkosh Corp. from $53.50 to $50.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Stifel Nicolaus lowered their price objective on Oshkosh Corp. from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Monday. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Oshkosh Corp. currently has a consensus rating of “Buy” and an average price target of $54.94.
Oshkosh Corp. (NYSE:OSK) traded up 0.64% during mid-day trading on Wednesday, reaching $53.76. The company had a trading volume of 615,431 shares. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 19.71 and a beta of 1.98. The stock has a 50-day moving average of $54.49 and a 200 day moving average of $47.54. Oshkosh Corp. has a 12-month low of $29.59 and a 12-month high of $57.75.
Oshkosh Corp. (NYSE:OSK) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.13. The business earned $1.75 billion during 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 firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, August 11th. Oshkosh Corp.’s dividend payout ratio is 27.94%.
In related news, insider Joseph H. Kimmitt sold 18,000 shares of Oshkosh Corp. stock in a transaction on Monday, August 1st. The stock was sold at an average price of $54.50, for a total transaction of $981,000.00. Following the completion of the sale, the insider now owns 61,282 shares of the company’s stock, valued at $3,339,869. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Sagehorn sold 49,495 shares of Oshkosh Corp. stock in a transaction on Monday, August 1st. The shares were sold at an average price of $54.13, for a total value of $2,679,164.35. Following the sale, the vice president now directly owns 111,113 shares of the company’s stock, valued at approximately $6,014,546.69. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC raised its stake in Oshkosh Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,666 shares of the company’s stock valued at $604,000 after buying an additional 52 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in Oshkosh Corp. during the second quarter worth $1,596,000. Public Employees Retirement System of Ohio increased its stake in Oshkosh Corp. by 111.5% in the second quarter. Public Employees Retirement System of Ohio now owns 48,927 shares of the company’s stock worth $2,334,000 after buying an additional 25,795 shares during the last quarter. Calvert Investment Management Inc. increased its stake in Oshkosh Corp. by 2.7% in the second quarter. Calvert Investment Management Inc. now owns 5,930 shares of the company’s stock worth $283,000 after buying an additional 154 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Oshkosh Corp. by 8.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 291,372 shares of the company’s stock worth $13,902,000 after buying an additional 23,539 shares during the last quarter. 95.60% of the stock is owned by institutional investors.
Oshkosh Corp. Company Profile
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.
Receive News & Stock Ratings for Oshkosh Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh Corp. and related stocks with our FREE daily email newsletter.