Analysts Expect Oshkosh Corp (NYSE:OSK) Will Post Quarterly Sales of $2.16 Billion

Brokerages predict that Oshkosh Corp (NYSE:OSK) will post sales of $2.16 billion for the current quarter, Zacks reports. Five analysts have provided estimates for Oshkosh’s earnings, with the highest sales estimate coming in at $2.23 billion and the lowest estimate coming in at $2.12 billion. Oshkosh posted sales of $2.06 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.9%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Oshkosh will report full-year sales of $8.30 billion for the current year, with estimates ranging from $8.20 billion to $8.41 billion. For the next year, analysts forecast that the firm will post sales of $8.38 billion, with estimates ranging from $8.05 billion to $8.78 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Oshkosh.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, August 1st. The company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.37 by $0.35. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.29 billion. Oshkosh had a net margin of 7.04% and a return on equity of 22.70%. Oshkosh’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.20 EPS.

Several brokerages recently commented on OSK. ValuEngine downgraded shares of Oshkosh from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Thursday, July 11th. UBS Group began coverage on shares of Oshkosh in a report on Tuesday, April 23rd. They issued a “neutral” rating and a $85.00 price objective for the company. Evercore ISI raised shares of Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 price objective for the company in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. downgraded shares of Oshkosh from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $80.00 to $85.00 in a report on Wednesday, May 1st. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $82.55.

In related news, VP James W. Johnson sold 11,029 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $76.05, for a total transaction of $838,755.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management increased its position in Oshkosh by 47.3% during the 1st quarter. LSV Asset Management now owns 3,251,606 shares of the company’s stock worth $244,293,000 after purchasing an additional 1,044,322 shares in the last quarter. Norges Bank bought a new stake in Oshkosh during the 4th quarter worth approximately $51,926,000. FMR LLC grew its holdings in Oshkosh by 24.5% during the 1st quarter. FMR LLC now owns 753,984 shares of the company’s stock worth $56,646,000 after acquiring an additional 148,585 shares during the last quarter. Bank of Montreal Can grew its holdings in Oshkosh by 49.9% during the 1st quarter. Bank of Montreal Can now owns 661,383 shares of the company’s stock worth $49,690,000 after acquiring an additional 220,082 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Oshkosh by 3.8% during the 1st quarter. Wells Fargo & Company MN now owns 465,943 shares of the company’s stock worth $35,007,000 after acquiring an additional 16,871 shares during the last quarter. Institutional investors and hedge funds own 88.21% of the company’s stock.

Shares of OSK stock traded down $0.34 during midday trading on Friday, hitting $74.67. 19,101 shares of the company were exchanged, compared to its average volume of 680,114. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 0.82 and a beta of 1.95. The company has a quick ratio of 1.19, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average price of $82.55. Oshkosh has a 52 week low of $51.42 and a 52 week high of $86.45.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, August 16th. Oshkosh’s payout ratio is presently 16.98%.

About Oshkosh

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 services; and chassis and service parts sales.

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Earnings History and Estimates for Oshkosh (NYSE:OSK)

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