Oshkosh Corporation (OSK) Posts Quarterly Earnings Results, Beats Estimates By $0.36 EPS
Oshkosh Corporation (NYSE:OSK) posted its earnings results on Tuesday. The company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.36, Bloomberg Earnings reports. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 EPS. Oshkosh Corporation updated its FY18 guidance to $4.25-4.65 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be paid a $0.24 dividend. This is a positive change from Oshkosh Corporation’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Wednesday, November 15th. Oshkosh Corporation’s dividend payout ratio is currently 22.34%.
Several research firms recently weighed in on OSK. Deutsche Bank AG lifted their target price on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price objective on shares of Oshkosh Corporation in a report on Wednesday. KeyCorp reiterated an “overweight” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Oshkosh Corporation in a report on Wednesday. Robert W. Baird reiterated a “buy” rating and issued a $97.00 price objective on shares of Oshkosh Corporation in a report on Wednesday. Finally, J P Morgan Chase & Co boosted their price objective on shares of Oshkosh Corporation from $80.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Oshkosh Corporation presently has an average rating of “Buy” and an average target price of $91.69.
In other Oshkosh Corporation news, VP Robert S. Messina sold 3,400 shares of the firm’s stock in a transaction dated 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 sale, the vice president now owns 12,558 shares in the company, valued at approximately $944,738.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ignacio A. Cortina sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $75.28, for a total transaction of $301,120.00. Following the completion of the sale, the executive vice president now owns 11,778 shares of the company’s stock, valued at approximately $886,647.84. The disclosure for this sale can be found here. Insiders have sold a total of 50,533 shares of company stock valued at $3,810,466 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.
Oshkosh Corporation Company Profile
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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