Dougherty & Co Comments on Oshkosh Corp’s Q4 2019 Earnings (NYSE:OSK)

Oshkosh Corp (NYSE:OSK) – Stock analysts at Dougherty & Co issued their Q4 2019 earnings per share estimates for shares of Oshkosh in a research report issued to clients and investors on Tuesday, October 8th. Dougherty & Co analyst M. Shlisky forecasts that the company will post earnings per share of $1.88 for the quarter. Dougherty & Co currently has a “Buy” rating and a $80.00 target price on the stock.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, August 1st. The company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.35. Oshkosh had a net margin of 7.04% and a return on equity of 22.70%. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis.

Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Oshkosh from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $85.00 to $90.00 in a report on Wednesday, September 11th. Evercore ISI raised shares of Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 target price on the stock in a report on Thursday, August 1st. Zacks Investment Research raised shares of Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Thursday, July 11th. Citigroup lowered their target price on shares of Oshkosh from $95.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, ValuEngine downgraded shares of Oshkosh from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $84.00.

Shares of NYSE:OSK opened at $74.29 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.19. Oshkosh has a 1-year low of $51.42 and a 1-year high of $86.45. The company has a market capitalization of $4.77 billion, a P/E ratio of 11.68, a P/E/G ratio of 0.69 and a beta of 1.97. The firm’s 50 day simple moving average is $72.62 and its two-hundred day simple moving average is $77.18.

Several hedge funds have recently added to or reduced their stakes in the company. Personal Wealth Partners bought a new stake in Oshkosh in the second quarter worth $25,000. Pearl River Capital LLC bought a new stake in Oshkosh in the second quarter worth $45,000. Machina Capital S.A.S. increased its position in Oshkosh by 255.9% in the second quarter. Machina Capital S.A.S. now owns 573 shares of the company’s stock worth $48,000 after purchasing an additional 412 shares during the last quarter. NEXT Financial Group Inc bought a new stake in Oshkosh in the second quarter worth $54,000. Finally, North Star Investment Management Corp. bought a new stake in Oshkosh in the third quarter worth $61,000. 89.80% of the stock is currently owned by hedge funds and other institutional investors.

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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