Oshkosh Corp (OSK) Releases Earnings Results, Beats Expectations By $0.35 EPS

Oshkosh Corp (OSK) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.76 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.35. Analysts had a consensus of $0.41. The company posted revenue of $1524.30 million in the period, compared to analysts expectations of $1368.80 million. The company’s revenue was down -1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on Oshkosh Corp. Oshkosh Corp was Upgraded by BofA/Merrill to ” Neutral” on Apr 29, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Sector Perform” and Lowered the Price Target to $ 37 from a previous price target of $40 .Oshkosh Corp was Downgraded by Drexel Hamilton to ” Hold” on Feb 1, 2016.

Oshkosh Corp opened for trading at $39.85 and hit $41.88 on the upside on Wednesday, eventually ending the session at $41.8, with a gain of 5.32% or 2.11 points. The heightened volatility saw the trading volume jump to 19,96,619 shares. Company has a market cap of $3,056 M.

In a different news, on Nov 20, 2015, Colleen R. Moynihan (Senior VP, Quality & Cont Impr) sold 10,808 shares at $42.37 per share price. According to the SEC, on Sep 3, 2015, Charles L Szews (Chief Executive Officer) sold 31,549 shares at $42.10 per share price. On Aug 6, 2015, Richard G Sim (director) purchased 1,200 shares at $36.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Oshkosh Corporation is a designer manufacturer and marketer of a range of specialty vehicles and vehicle bodies including access equipment defense trucks and trailers fire and emergency vehicles concrete mixers and refuse collection vehicles. The Company’s segments are Access Equipment Defense Fire & Emergency and Commercial. The Access equipment segment offers aerial work platforms and telehandlers used in construction agricultural industrial institutional and general maintenance applications. The Defense segment offers tactical trucks trailers and supply parts and services sold to the United States military. The Fire & emergency segment offers custom and commercial firefighting vehicles and equipment aircraft rescue and firefighting (ARFF) vehicles snow removal vehicles simulators and other emergency vehicles. The Commercial segment offers concrete mixers refuse collection vehicles portable and stationary concrete batch plants and vehicle components.

Oshkosh Corp

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