Oshkosh Corp (NYSE:OSK) Expected to Post Earnings of $1.90 Per Share

Wall Street analysts expect Oshkosh Corp (NYSE:OSK) to report earnings of $1.90 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Oshkosh’s earnings, with the lowest EPS estimate coming in at $1.83 and the highest estimate coming in at $2.06. Oshkosh reported earnings of $1.78 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The firm is expected to issue its next quarterly earnings report before the market opens on Wednesday, October 30th.

According to Zacks, analysts expect that Oshkosh will report full-year earnings of $8.04 per share for the current year, with EPS estimates ranging from $7.97 to $8.16. For the next fiscal year, analysts expect that the firm will report earnings of $7.97 per share, with EPS estimates ranging from $7.40 to $8.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Oshkosh.

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

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Thursday, July 11th. JPMorgan Chase & Co. raised Oshkosh from a “neutral” rating to an “overweight” rating and upped their target price for the company from $85.00 to $90.00 in a research report on Wednesday, September 11th. ValuEngine downgraded Oshkosh from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Dougherty & Co assumed coverage on Oshkosh in a research report on Wednesday, August 28th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Evercore ISI raised Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 target price on the stock in a research report on Thursday, August 1st. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Oshkosh presently has an average rating of “Hold” and an average target price of $84.00.

A number of large investors have recently bought and sold shares of OSK. Prudential Financial Inc. boosted its holdings in Oshkosh by 95.6% in the second quarter. Prudential Financial Inc. now owns 1,775,463 shares of the company’s stock valued at $148,234,000 after purchasing an additional 867,889 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Oshkosh by 47.0% in the second quarter. AQR Capital Management LLC now owns 1,999,373 shares of the company’s stock valued at $166,128,000 after purchasing an additional 639,237 shares during the last quarter. BlackRock Inc. boosted its holdings in Oshkosh by 8.8% in the second quarter. BlackRock Inc. now owns 6,823,696 shares of the company’s stock valued at $569,711,000 after purchasing an additional 549,796 shares during the last quarter. Bank of America Corp DE boosted its holdings in Oshkosh by 37.7% in the second quarter. Bank of America Corp DE now owns 924,393 shares of the company’s stock valued at $77,179,000 after purchasing an additional 252,874 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in Oshkosh by 61.0% in the second quarter. Nuveen Asset Management LLC now owns 574,057 shares of the company’s stock valued at $47,928,000 after purchasing an additional 217,498 shares during the last quarter. 89.80% of the stock is currently owned by institutional investors.

NYSE OSK opened at $74.29 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.19. The stock’s fifty day moving average price is $72.62 and its 200 day moving average price is $77.18. Oshkosh has a 1 year low of $51.42 and a 1 year high of $86.45. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.70 and a beta of 1.97.

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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