Analysts Anticipate Oshkosh Corp (OSK) Will Announce Quarterly Sales of $2.30 Billion

Analysts expect that Oshkosh Corp (NYSE:OSK) will announce sales of $2.30 billion for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Oshkosh’s earnings. The highest sales estimate is $2.35 billion and the lowest is $2.25 billion. Oshkosh posted sales of $2.18 billion in the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The business is expected to announce its next quarterly earnings report on Tuesday, July 30th.

On average, analysts expect that Oshkosh will report full year sales of $8.25 billion for the current financial year, with estimates ranging from $8.20 billion to $8.31 billion. For the next financial year, analysts anticipate that the firm will post sales of $8.43 billion, with estimates ranging from $8.17 billion to $8.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Oshkosh.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.20. Oshkosh had a return on equity of 21.98% and a net margin of 6.76%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the firm earned $1.54 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis.

OSK has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Oshkosh from a “neutral” rating to an “overweight” rating and set a $80.00 price target on the stock in a research note on Thursday, January 10th. ValuEngine raised Oshkosh from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Citigroup boosted their price target on Oshkosh from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered Oshkosh from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Finally, Bank of America raised Oshkosh from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Thursday, January 31st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $85.07.

In other news, EVP John J. Bryant sold 4,819 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $77.85, for a total transaction of $375,159.15. Following the transaction, the executive vice president now directly owns 6,309 shares of the company’s stock, valued at $491,155.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David M. Sagehorn sold 29,200 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $79.20, for a total value of $2,312,640.00. Following the transaction, the vice president now directly owns 166,310 shares in the company, valued at $13,171,752. The disclosure for this sale can be found here. Insiders have sold 80,928 shares of company stock worth $6,398,679 over the last ninety days. 1.90% of the stock is owned by insiders.

Several large investors have recently modified their holdings of OSK. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Oshkosh during the fourth quarter worth approximately $26,000. FinTrust Capital Advisors LLC raised its position in shares of Oshkosh by 1,128.6% during the first quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock worth $26,000 after purchasing an additional 316 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Oshkosh by 6,031.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,790,926 shares of the company’s stock worth $29,000 after purchasing an additional 1,761,717 shares during the period. Capital Investment Advisory Services LLC acquired a new position in shares of Oshkosh during the fourth quarter worth approximately $35,000. Finally, Gemmer Asset Management LLC raised its position in shares of Oshkosh by 99.6% during the first quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock worth $42,000 after purchasing an additional 281 shares during the period. 89.93% of the stock is currently owned by institutional investors.

OSK traded up $0.93 during trading on Friday, hitting $79.28. The company’s stock had a trading volume of 527,530 shares, compared to its average volume of 691,350. Oshkosh has a twelve month low of $51.42 and a twelve month high of $84.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.86. The firm has a market cap of $5.48 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 0.90 and a beta of 1.94.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Wednesday, May 15th. Oshkosh’s payout ratio is 16.98%.

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 services; and chassis and service parts sales.

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Earnings History and Estimates for Oshkosh (NYSE:OSK)

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