Jefferies Group Equities Analysts Lower Earnings Estimates for Oshkosh Corporation (OSK)

Oshkosh Corporation (NYSE:OSK) – Analysts at Jefferies Group dropped their Q1 2018 earnings per share estimates for shares of Oshkosh Corporation in a research note issued to investors on Tuesday. Jefferies Group analyst S. Volkmann now expects that the company will post earnings per share of $0.60 for the quarter, down from their prior forecast of $0.65. Jefferies Group currently has a “Buy” rating and a $105.00 price target on the stock. Jefferies Group also issued estimates for Oshkosh Corporation’s Q2 2018 earnings at $0.90 EPS, Q3 2018 earnings at $1.90 EPS and FY2018 earnings at $4.60 EPS.

Oshkosh Corporation (NYSE:OSK) last released its quarterly earnings data on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.02 by $0.36. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year.

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OSK has been the topic of several other reports. Citigroup Inc boosted their price objective on shares of Oshkosh Corporation from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. ValuEngine upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. KeyCorp reiterated a “buy” rating and issued a $85.00 price objective on shares of Oshkosh Corporation in a research report on Sunday, September 17th. Zacks Investment Research lowered shares of Oshkosh Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $86.00 price objective (up from $80.00) on shares of Oshkosh Corporation in a research report on Monday, October 9th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $92.85.

Shares of Oshkosh Corporation (OSK) opened at $86.64 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 1.81. The stock has a market capitalization of $6.51 billion, a P/E ratio of 20.53, a PEG ratio of 1.42 and a beta of 1.87.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC acquired a new position in shares of Oshkosh Corporation during the 2nd quarter valued at about $7,006,000. American Century Companies Inc. increased its stake in shares of Oshkosh Corporation by 116.7% during the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock valued at $47,467,000 after acquiring an additional 371,089 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Oshkosh Corporation by 33.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 41,837 shares of the company’s stock valued at $2,882,000 after acquiring an additional 10,581 shares during the last quarter. JPMorgan Chase & Co. increased its position in Oshkosh Corporation by 85.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after purchasing an additional 1,063,971 shares in the last quarter. Finally, Citigroup Inc. increased its position in Oshkosh Corporation by 270.2% during the 2nd quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock worth $3,632,000 after purchasing an additional 38,484 shares in the last quarter. 94.35% of the stock is owned by institutional investors.

In other news, VP Robert S. Messina sold 3,400 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $75.23, for a total transaction of $255,782.00. Following the completion of the transaction, the vice president now owns 12,558 shares of the company’s stock, valued at approximately $944,738.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Colleen R. Moynihan sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $87.62, for a total transaction of $350,480.00. Following the transaction, the vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $643,744.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,283 shares of company stock valued at $3,393,817. Corporate insiders own 2.00% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from Oshkosh Corporation’s previous quarterly dividend of $0.21. Oshkosh Corporation’s dividend payout ratio is currently 22.34%.

About Oshkosh Corporation

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.

Earnings History and Estimates for Oshkosh Corporation (NYSE:OSK)

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