Analysts Expect Oshkosh Corp (NYSE:OSK) Will Announce Quarterly Sales of $2.14 Billion
Equities analysts predict that Oshkosh Corp (NYSE:OSK) will report sales of $2.14 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Oshkosh’s earnings. The highest sales estimate is $2.23 billion and the lowest is $2.11 billion. Oshkosh reported sales of $2.06 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.9%. The firm is scheduled to issue its next earnings results on Thursday, November 7th.
According to Zacks, analysts expect that Oshkosh will report full year sales of $8.33 billion for the current year, with estimates ranging from $8.30 billion to $8.41 billion. For the next financial year, analysts expect that the business will report sales of $8.37 billion, with estimates ranging from $8.05 billion to $8.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Oshkosh.
Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, August 1st. The company reported $2.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business posted $2.20 EPS. Oshkosh’s revenue was up 10.0% on a year-over-year basis.
Institutional investors have recently added to or reduced their stakes in the business. Personal Wealth Partners bought a new position in Oshkosh in the 2nd quarter valued at about $25,000. FinTrust Capital Advisors LLC raised its holdings in Oshkosh by 1,128.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock valued at $26,000 after acquiring an additional 316 shares during the period. Pearl River Capital LLC bought a new position in shares of Oshkosh during the second quarter worth approximately $45,000. Machina Capital S.A.S. increased its holdings in shares of Oshkosh by 255.9% during 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 period. Finally, NEXT Financial Group Inc bought a new position in shares of Oshkosh during the second quarter worth approximately $54,000. 89.80% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:OSK traded down $0.07 during mid-day trading on Wednesday, hitting $75.20. The stock had a trading volume of 1,111,877 shares, compared to its average volume of 473,001. Oshkosh has a twelve month low of $51.42 and a twelve month high of $86.45. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 0.74 and a beta of 1.99. The company’s 50 day simple moving average is $72.29 and its 200 day simple moving average is $77.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.99.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.27 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.08 annualized dividend and a yield of 1.44%. Oshkosh’s dividend payout ratio is currently 16.98%.
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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