Oshkosh Corporation (NYSE:OSK) – Research analysts at SunTrust Banks increased their Q3 2018 earnings per share (EPS) estimates for shares of Oshkosh Corporation in a research note issued to investors on Tuesday. SunTrust Banks analyst C. Brady now expects that the company will post earnings per share of $1.94 for the quarter, up from their prior forecast of $1.78. SunTrust Banks has a “Buy” rating and a $90.00 price target on the stock. SunTrust Banks also issued estimates for Oshkosh Corporation’s Q2 2019 earnings at $1.11 EPS, Q3 2019 earnings at $2.18 EPS and FY2019 earnings at $5.45 EPS.
Several other analysts have also issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $100.00 target price on shares of Oshkosh Corporation in a report on Thursday. Jefferies Group LLC upped their target price on Oshkosh Corporation from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday. J P Morgan Chase & Co upped their target price on Oshkosh Corporation from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday. Robert W. Baird reiterated a “buy” rating and set a $97.00 target price on shares of Oshkosh Corporation in a report on Wednesday. Finally, KeyCorp reiterated an “overweight” rating and set a $100.00 target price (up previously from $90.00) on shares of Oshkosh Corporation in a report on Wednesday. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $92.85.
Shares of Oshkosh Corporation (NYSE:OSK) opened at $86.64 on Thursday. Oshkosh Corporation has a twelve month low of $54.18 and a twelve month high of $94.16. The stock has a market capitalization of $6.48 billion, a PE ratio of 20.53, a P/E/G ratio of 1.42 and a beta of 1.87. The company has a current ratio of 1.81, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35.
Oshkosh Corporation (NYSE:OSK) last released its earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.36. Oshkosh Corporation had a return on equity of 15.14% and a net margin of 4.18%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. Oshkosh Corporation’s revenue was up 11.8% on a year-over-year basis.
Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its position in shares of Oshkosh Corporation by 3.5% in the second quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock valued at $140,000 after purchasing an additional 68 shares during the last quarter. Paradigm Asset Management Co. LLC grew its position in shares of Oshkosh Corporation by 4.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock valued at $155,000 after purchasing an additional 100 shares during the last quarter. ARP Americas LLC acquired a new position in shares of Oshkosh Corporation in the second quarter valued at approximately $206,000. Raymond James Trust N.A. grew its position in shares of Oshkosh Corporation by 0.9% in the second quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock valued at $210,000 after purchasing an additional 28 shares during the last quarter. Finally, CrestPoint Capital Management LLC acquired a new position in shares of Oshkosh Corporation in the second quarter valued at approximately $234,000. 94.35% of the stock is currently owned by institutional investors.
In other news, VP Colleen R. Moynihan sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $87.62, for a total value of $350,480.00. Following the transaction, the vice president now owns 7,347 shares of the company’s stock, valued at $643,744.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert S. Messina sold 3,400 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $75.23, for a total value of $255,782.00. Following the completion of the transaction, the vice president now directly owns 12,558 shares in the company, valued at approximately $944,738.34. The disclosure for this sale can be found here. Insiders sold 44,283 shares of company stock worth $3,393,817 in the last ninety days. 2.00% of the stock is owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, November 15th. This is an increase from Oshkosh Corporation’s previous quarterly dividend of $0.21. Oshkosh Corporation’s payout ratio is 22.28%.
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.
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