Zacks: Brokerages Anticipate Oshkosh Corp (NYSE:OSK) Will Announce Quarterly Sales of $2.11 Billion
Brokerages forecast that Oshkosh Corp (NYSE:OSK) will report sales of $2.11 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Oshkosh’s earnings. The lowest sales estimate is $2.07 billion and the highest is $2.13 billion. Oshkosh posted sales of $2.06 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, October 30th.
On average, analysts expect that Oshkosh will report full year sales of $8.30 billion for the current year, with estimates ranging from $8.25 billion to $8.34 billion. For the next fiscal year, analysts forecast that the business will report sales of $8.30 billion, with estimates ranging from $8.05 billion to $8.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Oshkosh.
Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, August 1st. The company reported $2.72 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 for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the firm earned $2.20 earnings per share. Oshkosh’s revenue was up 10.0% compared to the same quarter last year.
NYSE OSK traded down $1.03 during trading hours on Friday, hitting $73.71. The company’s stock had a trading volume of 524,714 shares, compared to its average volume of 621,379. The stock has a fifty day moving average of $73.10 and a 200 day moving average of $77.20. Oshkosh has a twelve month low of $51.42 and a twelve month high of $86.45. The firm has a market capitalization of $5.08 billion, a P/E ratio of 11.59, a PEG ratio of 0.74 and a beta of 1.97. The company has a quick ratio of 1.19, a current ratio of 1.99 and a debt-to-equity ratio of 0.32.
Institutional investors and hedge funds have recently bought and sold shares of the business. Personal Wealth Partners acquired a new stake in Oshkosh in the second quarter worth $25,000. Pearl River Capital LLC acquired a new stake in Oshkosh in the second quarter worth $45,000. Machina Capital S.A.S. raised its holdings in Oshkosh by 255.9% in 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. NEXT Financial Group Inc acquired a new stake in Oshkosh in the second quarter worth $54,000. Finally, Point72 Asset Management L.P. acquired a new stake in Oshkosh in the second quarter worth $67,000. Institutional investors own 90.21% 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 services; and chassis and service parts sales.
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