Oshkosh (NYSE:OSK) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $7.50-7.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.47. The company issued revenue guidance of $8.2-8.3 billion, compared to the consensus revenue estimate of $8.19 billion.Oshkosh also updated its FY 2019 guidance to $7.50-7.80 EPS.
Shares of NYSE OSK traded down $0.29 during trading hours on Wednesday, hitting $76.57. The company had a trading volume of 589,700 shares, compared to its average volume of 675,114. The company has a market cap of $5.36 billion, a PE ratio of 12.04, a PEG ratio of 0.83 and a beta of 1.94. The company has a current ratio of 1.86, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. Oshkosh has a 1-year low of $51.42 and a 1-year high of $84.86.
Oshkosh (NYSE:OSK) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.62 by $0.20. Oshkosh had a return on equity of 21.98% and a net margin of 6.76%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm posted $1.54 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Oshkosh will post 7.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.41%. The ex-dividend date is Wednesday, May 15th. Oshkosh’s payout ratio is 16.98%.
Several research analysts have weighed in on OSK shares. ValuEngine upgraded Oshkosh from a sell rating to a hold rating in a research report on Wednesday, February 13th. Citigroup increased their price objective on Oshkosh from $85.00 to $95.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Zacks Investment Research cut Oshkosh from a buy rating to a hold rating in a research report on Friday, May 10th. JPMorgan Chase & Co. lowered Oshkosh from an overweight rating to a neutral rating and increased their target price for the stock from $80.00 to $85.00 in a report on Wednesday, May 1st. Finally, Bank of America raised Oshkosh from a neutral rating to a buy rating and set a $86.00 target price on the stock in a report on Thursday, January 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Oshkosh presently has a consensus rating of Hold and a consensus price target of $85.21.
In other news, EVP John J. Bryant sold 4,819 shares of Oshkosh stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $77.85, for a total transaction of $375,159.15. Following the sale, the executive vice president now directly owns 6,309 shares of the company’s stock, valued at $491,155.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP R Scott Grennier sold 3,784 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $80.67, for a total value of $305,255.28. Following the transaction, the vice president now owns 4,780 shares of the company’s stock, valued at $385,602.60. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
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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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