Oshkosh Corporation (NYSE:OSK) released its quarterly earnings data on Tuesday. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.36, Bloomberg Earnings reports. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue was up 11.8% on a year-over-year basis. Oshkosh Corporation updated its FY18 guidance to $4.25-4.65 EPS.
Oshkosh Corporation (NYSE OSK) traded down 2.23% during midday trading on Wednesday, hitting $89.52. 337,650 shares of the stock were exchanged. Oshkosh Corporation has a one year low of $54.18 and a one year high of $94.16. The stock has a market cap of $6.70 billion, a P/E ratio of 26.56 and a beta of 1.77. The firm has a 50-day moving average price of $83.98 and a 200-day moving average price of $73.15.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, November 15th. This is a positive change from Oshkosh Corporation’s previous quarterly dividend of $0.21. Oshkosh Corporation’s payout ratio is presently 25.07%.
In related news, EVP Frank R. Nerenhausen sold 5,000 shares of Oshkosh Corporation stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $75.81, for a total transaction of $379,050.00. Following the completion of the sale, the executive vice president now owns 34,918 shares in the company, valued at approximately $2,647,133.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph H. Kimmitt sold 23,000 shares of Oshkosh Corporation stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $75.83, for a total value of $1,744,090.00. Following the sale, the insider now owns 70,262 shares of the company’s stock, valued at approximately $5,327,967.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,533 shares of company stock valued at $3,810,466. 2.00% of the stock is currently owned by company insiders.
OSK has been the subject of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price objective on shares of Oshkosh Corporation in a research note on Wednesday. Drexel Hamilton upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Friday, August 4th. Citigroup Inc. lifted their price objective on shares of Oshkosh Corporation from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Bank of America Corporation raised shares of Oshkosh Corporation from an “underperform” rating to a “neutral” rating and raised their price target for the company from $60.00 to $78.00 in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $85.00 price target on shares of Oshkosh Corporation in a report on Thursday, July 13th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $90.15.
Oshkosh Corporation 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.
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