Jefferies Group Weighs in on Oshkosh Corporation’s Q2 2017 Earnings (OSK)

Jefferies Group Weighs in on Oshkosh Corporation’s Q2 2017 Earnings (OSK)

Oshkosh Corporation (NYSE:OSK) – Investment analysts at Jefferies Group reduced their Q2 2017 earnings per share (EPS) estimates for Oshkosh Corporation in a report released on Thursday. Jefferies Group analyst S. Volkmann now anticipates that the firm will earn $0.65 per share for the quarter, down from their previous forecast of $0.80. Jefferies Group also issued estimates for Oshkosh Corporation’s Q3 2017 earnings at $1.39 EPS, Q4 2017 earnings at $1.15 EPS and FY2019 earnings at $4.40 EPS.

Several other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Oshkosh Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. J P Morgan Chase & Co cut shares of Oshkosh Corporation from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $60.00 to $68.00 in a report on Friday, December 9th. Bank of America Corporation cut shares of Oshkosh Corporation from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a report on Thursday, November 17th. They noted that the move was a valuation call. KeyCorp boosted their price objective on shares of Oshkosh Corporation from $59.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 29th. Finally, Deutsche Bank AG downgraded shares of Oshkosh Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $72.00 to $71.00 in a research report on Wednesday, January 4th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Oshkosh Corporation has a consensus rating of “Buy” and an average price target of $65.29.

Shares of Oshkosh Corporation (NYSE:OSK) opened at 72.55 on Monday. Oshkosh Corporation has a 52-week low of $29.75 and a 52-week high of $74.16. The company’s 50-day moving average is $68.05 and its 200 day moving average is $59.16. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 24.37 and a beta of 1.78.

A number of large investors have recently modified their holdings of the stock. BlackRock Japan Co. Ltd acquired a new stake in shares of Oshkosh Corporation during the second quarter worth approximately $127,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Oshkosh Corporation by 11.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,665 shares of the company’s stock worth $149,000 after buying an additional 282 shares during the last quarter. US Bancorp DE boosted its stake in shares of Oshkosh Corporation by 1.1% in the second quarter. US Bancorp DE now owns 3,154 shares of the company’s stock worth $150,000 after buying an additional 34 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Oshkosh Corporation during the second quarter worth approximately $201,000. Finally, Oarsman Capital Inc. acquired a new stake in shares of Oshkosh Corporation during the second quarter worth approximately $208,000. 93.25% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Craig P. Omtvedt sold 2,300 shares of the company’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $70.00, for a total transaction of $161,000.00. Following the transaction, the director now directly owns 28,392 shares of the company’s stock, valued at approximately $1,987,440. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph H. Kimmitt sold 47,722 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $63.84, for a total transaction of $3,046,572.48. Following the transaction, the insider now directly owns 64,790 shares in the company, valued at $4,136,193.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,603 shares of company stock worth $6,364,409. Corporate insiders own 2.00% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 27th. Stockholders of record on Monday, February 13th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, February 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.16%. Oshkosh Corporation’s dividend payout ratio (DPR) is presently 28.28%.

About Oshkosh Corporation

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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