Oshkosh Co. (OSK) Expected to Announce Quarterly Sales of $2.15 Billion

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Brokerages expect that Oshkosh Co. (NYSE:OSK) will announce $2.15 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Oshkosh’s earnings. The lowest sales estimate is $2.09 billion and the highest is $2.21 billion. Oshkosh reported sales of $2.04 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 1st.

On average, analysts expect that Oshkosh will report full year sales of $7.57 billion for the current year, with estimates ranging from $7.49 billion to $7.66 billion. For the next year, analysts anticipate that the firm will report sales of $8.02 billion per share, with estimates ranging from $7.87 billion to $8.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Oshkosh.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 26th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.08 by $0.46. Oshkosh had a net margin of 5.21% and a return on equity of 18.63%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the firm earned $0.76 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year.

Several equities research analysts recently commented on the stock. SunTrust Banks boosted their price objective on shares of Oshkosh to $110.00 and gave the stock a “buy” rating in a research report on Friday, April 20th. Deutsche Bank upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Monday, March 19th. Zacks Investment Research lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Thursday, March 15th. Morgan Stanley assumed coverage on shares of Oshkosh in a report on Friday, March 2nd. They issued an “equal weight” rating and a $86.00 target price on the stock. Finally, Robert W. Baird lowered shares of Oshkosh from an “outperform” rating to a “neutral” rating and set a $90.00 target price on the stock. in a report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $93.23.

Oshkosh opened at $69.58 on Wednesday, Marketbeat reports. Oshkosh has a 52 week low of $64.14 and a 52 week high of $100.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.05 and a current ratio of 1.81. The stock has a market capitalization of $5.17 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 0.67 and a beta of 1.60.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 29th. Shareholders of record on Monday, May 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, May 11th. This represents a $0.96 dividend on an annualized basis and a yield of 1.38%. Oshkosh’s dividend payout ratio (DPR) is 22.59%.

In other news, VP Marek W. May sold 7,180 shares of the stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $79.22, for a total transaction of $568,799.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in OSK. Penserra Capital Management LLC purchased a new position in shares of Oshkosh during the 1st quarter worth about $105,000. Optimum Investment Advisors purchased a new position in shares of Oshkosh during the 1st quarter worth about $106,000. Pitcairn Co. purchased a new position in shares of Oshkosh during the 4th quarter worth about $202,000. Koch Industries Inc. purchased a new position in shares of Oshkosh during the 1st quarter worth about $231,000. Finally, Gabelli Funds LLC purchased a new position in shares of Oshkosh during the 1st quarter worth about $255,000. Institutional investors and hedge funds own 90.57% of the company’s stock.

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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