DA Davidson Analysts Lower Earnings Estimates for Oshkosh Co. (NYSE:OSK)

Oshkosh Co. (NYSE:OSKGet Rating) – Research analysts at DA Davidson cut their FY2022 EPS estimates for shares of Oshkosh in a note issued to investors on Tuesday, August 2nd. DA Davidson analyst M. Shlisky now forecasts that the company will post earnings of $3.53 per share for the year, down from their previous forecast of $5.45. The consensus estimate for Oshkosh’s current full-year earnings is $3.43 per share.

A number of other equities analysts have also commented on OSK. KeyCorp cut their price objective on shares of Oshkosh from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Wells Fargo & Company cut their price objective on shares of Oshkosh from $117.00 to $104.00 in a report on Thursday, April 28th. Morgan Stanley cut their price objective on shares of Oshkosh from $111.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday. Credit Suisse Group set a $97.00 target price on shares of Oshkosh in a research note on Tuesday, July 19th. Finally, Bank of America lowered shares of Oshkosh from a “neutral” rating to an “underperform” rating and cut their target price for the company from $103.00 to $92.00 in a research note on Friday, May 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $104.87.

Oshkosh Stock Performance

NYSE:OSK opened at $82.98 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.06 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 46.88, a PEG ratio of 1.14 and a beta of 1.32. The firm’s fifty day simple moving average is $85.65 and its 200 day simple moving average is $97.44. Oshkosh has a twelve month low of $77.89 and a twelve month high of $125.16.

Oshkosh (NYSE:OSKGet Rating) last posted its earnings results on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.53). The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.21 billion. Oshkosh had a net margin of 1.53% and a return on equity of 4.02%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 EPS.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Monday, August 15th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, August 12th. Oshkosh’s dividend payout ratio (DPR) is presently 83.62%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OSK. National Bank of Canada FI acquired a new stake in Oshkosh during the fourth quarter valued at approximately $25,000. CX Institutional acquired a new stake in Oshkosh during the second quarter valued at approximately $25,000. KRS Capital Management LLC acquired a new stake in Oshkosh during the fourth quarter valued at approximately $35,000. HHM Wealth Advisors LLC acquired a new stake in Oshkosh during the first quarter valued at approximately $46,000. Finally, Eagle Bay Advisors LLC lifted its stake in Oshkosh by 214.4% during the first quarter. Eagle Bay Advisors LLC now owns 481 shares of the company’s stock valued at $49,000 after purchasing an additional 328 shares during the last quarter. 94.89% of the stock is currently owned by institutional investors.

Oshkosh Company Profile

(Get Rating)

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.

See Also

Earnings History and Estimates for Oshkosh (NYSE:OSK)

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