$1.98 Billion in Sales Expected for Oshkosh Corp (OSK) This Quarter
Wall Street analysts expect that Oshkosh Corp (NYSE:OSK) will post sales of $1.98 billion for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Oshkosh’s earnings, with estimates ranging from $1.95 billion to $2.03 billion. Oshkosh posted sales of $1.96 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The business is expected to announce its next earnings results before the market opens on Thursday, November 1st.
According to Zacks, analysts expect that Oshkosh will report full year sales of $7.63 billion for the current financial year, with estimates ranging from $7.59 billion to $7.68 billion. For the next financial year, analysts forecast that the company will post sales of $8.07 billion, with estimates ranging from $7.68 billion to $8.28 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Oshkosh.
Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $2.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.18. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.16 billion. Oshkosh had a net margin of 5.44% and a return on equity of 19.19%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.84 earnings per share.
In other news, VP David M. Sagehorn sold 45,000 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $75.40, for a total value of $3,393,000.00. Following the sale, the vice president now directly owns 179,097 shares of the company’s stock, valued at $13,503,913.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Wilson R. Jones sold 47,000 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $72.02, for a total transaction of $3,384,940.00. Following the completion of the sale, the insider now directly owns 180,862 shares in the company, valued at $13,025,681.24. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in OSK. Northern Trust Corp lifted its holdings in shares of Oshkosh by 4.0% in the first quarter. Northern Trust Corp now owns 669,971 shares of the company’s stock worth $51,769,000 after buying an additional 25,797 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Oshkosh by 6.8% in the first quarter. New York State Common Retirement Fund now owns 192,296 shares of the company’s stock worth $14,859,000 after buying an additional 12,264 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Oshkosh by 33.5% in the first quarter. Hsbc Holdings PLC now owns 11,030 shares of the company’s stock worth $852,000 after buying an additional 2,766 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Oshkosh in the first quarter worth about $231,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Oshkosh by 2.4% in the first quarter. Principal Financial Group Inc. now owns 392,756 shares of the company’s stock worth $30,348,000 after buying an additional 9,342 shares in the last quarter. 89.34% of the stock is currently owned by hedge funds and other institutional investors.
OSK traded down $1.83 during trading on Monday, hitting $61.53. 1,207,290 shares of the company traded hands, compared to its average volume of 740,207. The firm has a market cap of $5.21 billion, a P/E ratio of 14.48, a PEG ratio of 0.65 and a beta of 1.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.88. Oshkosh has a one year low of $60.87 and a one year high of $100.26.
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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