Oshkosh Corp (OSK) Expected to Post Quarterly Sales of $1.64 Billion

Analysts forecast that Oshkosh Corp (NYSE:OSK) will report sales of $1.64 billion for the current quarter, according to Zacks. Six analysts have provided estimates for Oshkosh’s earnings, with estimates ranging from $1.54 billion to $1.70 billion. Oshkosh posted sales of $1.59 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The business is scheduled to issue its next earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Oshkosh will report full-year sales of $8.02 billion for the current fiscal year, with estimates ranging from $7.68 billion to $8.26 billion. For the next financial year, analysts expect that the business will report sales of $8.46 billion, with estimates ranging from $7.98 billion to $9.12 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Oshkosh.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, November 1st. The company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.35. Oshkosh had a return on equity of 19.93% and a net margin of 6.12%. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the company earned $1.38 EPS. Oshkosh’s revenue for the quarter was up 4.8% compared to the same quarter last year.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $98.00 target price on shares of Oshkosh in a research note on Wednesday, August 1st. ValuEngine upgraded Oshkosh from a “strong sell” rating to a “sell” rating in a report on Thursday. Credit Suisse Group lowered their price target on Oshkosh from $96.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, August 1st. KeyCorp lowered their price target on Oshkosh from $104.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, August 1st. Finally, Stifel Nicolaus lowered their price target on Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $86.75.

In related news, VP David M. Sagehorn sold 45,000 shares of Oshkosh stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $75.40, for a total transaction of $3,393,000.00. Following the completion of the transaction, the vice president now directly owns 179,097 shares of the company’s stock, valued at approximately $13,503,913.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Natixis purchased a new stake in Oshkosh during the second quarter worth about $5,239,000. Trexquant Investment LP bought a new stake in shares of Oshkosh in the 2nd quarter valued at approximately $218,000. Systematic Financial Management LP grew its stake in shares of Oshkosh by 32.6% in the 2nd quarter. Systematic Financial Management LP now owns 173,218 shares of the company’s stock valued at $12,181,000 after purchasing an additional 42,592 shares during the period. Oakbrook Investments LLC grew its stake in shares of Oshkosh by 104.3% in the 2nd quarter. Oakbrook Investments LLC now owns 7,050 shares of the company’s stock valued at $496,000 after purchasing an additional 3,600 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Oshkosh in the 2nd quarter valued at approximately $1,399,000. 89.46% of the stock is owned by institutional investors.

Oshkosh stock traded down $3.43 during mid-day trading on Thursday, reaching $64.73. 1,833,428 shares of the company’s stock traded hands, compared to its average volume of 948,115. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 0.54 and a beta of 1.71. The company has a quick ratio of 1.16, a current ratio of 1.93 and a debt-to-equity ratio of 0.33. Oshkosh has a 12-month low of $51.42 and a 12-month high of $100.26.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 19th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, November 16th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.24. Oshkosh’s dividend payout ratio (DPR) is 15.09%.

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; and chassis and service parts sales.

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Earnings History and Estimates for Oshkosh (NYSE:OSK)

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