Oshkosh (NYSE:OSK) Posts Earnings Results, Beats Estimates By $0.80 EPS

Oshkosh (NYSE:OSK) released its quarterly earnings results on Thursday. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.80, MarketWatch Earnings reports. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Oshkosh had a net margin of 5.15% and a return on equity of 14.93%. The company’s revenue was down 33.9% compared to the same quarter last year. During the same period last year, the business earned $2.72 EPS.

Shares of NYSE OSK traded down $1.56 during midday trading on Friday, reaching $78.72. The company’s stock had a trading volume of 490,952 shares, compared to its average volume of 386,758. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.04 and a current ratio of 2.12. Oshkosh has a fifty-two week low of $46.72 and a fifty-two week high of $95.62. The business’s 50 day moving average price is $74.00 and its two-hundred day moving average price is $72.87. The company has a market cap of $5.46 billion, a P/E ratio of 14.50, a P/E/G ratio of 2.31 and a beta of 1.54.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.52%. Oshkosh’s dividend payout ratio (DPR) is presently 14.44%.

A number of research firms recently issued reports on OSK. Stifel Nicolaus lifted their price target on shares of Oshkosh from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley lowered their price objective on Oshkosh from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday. ValuEngine raised Oshkosh from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Credit Suisse Group cut their price target on Oshkosh from $83.00 to $82.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Finally, Bank of America lowered Oshkosh from a “buy” rating to a “neutral” rating and set a $66.00 target price on the stock. in a report on Monday, April 13th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $83.44.

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 for Oshkosh (NYSE:OSK)

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