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Oshkosh (OSK) to Grow From Rising Demand, Better Margins
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On Jul 17, we issued a research report on Oshkosh Corporation (OSK - Free Report) .
Robust economic growth and a favorable job market are anticipated to drive the demand for Oshkosh’s access equipment segment. In second-quarter fiscal 2018, the segment witnessed 31% year-over-year rise in order, partly due to the replacement equipment orders. This trend is expected to continue in fiscal 2018, thus, encouraging the company to raise its guidance for the segment. In fiscal 2018, access equipment business is anticipated to generate $3.6-$3.7 billion in sales, an increase of $300 million projected earlier.
In second-quarter fiscal 2018, the company witnessed a year-over-year increase in adjusted earnings and revenues. Moreover, both the figures surpassed their respective Zacks Consensus Estimate. Improved margins in Oshkosh’s defense, and fire & emergency segments, apart from the access equipment segment, has made the company optimistic for fiscal 2018, leading to revised estimates. For the fiscal, consolidated sales are projected to be $7.4-$7.6 billion compared with the previous estimation of $7.1-$7.3 billion.
Over the past seven days, the company’s stock has seen the Zacks Consensus Estimate for the to-be-released third quarter and fiscal-end earnings being revised 0.5% and 0.3% upward, respectively. Further, the long-term growth rate for Oshkosh is 18.3%.
Moreover, the company pays regular dividends and engages in share repurchase programs. In the last reported quarter, it paid a quarterly dividend of 24 cents and bought 839,013 shares worth $65 million.
However, rising raw material costs might impact its fiscal earnings. Also, Oshkosh is struggling to hire employees to meet its production targets and the expanding product demand. This might negatively impact Oshkosh’s order delivery targets.
Price Performance
Over a month, Oshkosh’s stock has gained 4.2%, outperforming 6.2% decline recorded by the industry it belongs to.
Zacks Rank & Other Stocks to Consider
Currently, Oshkosh has a Zacks Rank #2 (Buy). A few other top-ranked stocks in the auto space are Visteon Corporation (VC - Free Report) , LKQ Corporation (LKQ - Free Report) and General Motor Company (GM - Free Report) . Visteon and LKQ sport a Zacks Rank #1 (Strong Buy) while General Motor carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Visteon has an expected long-term growth rate of 15%. Shares of the company have gained 20.6% over the past year.
LKQ has an expected long-term growth rate of 15%. Shares of the company have inched up 0.9% over the past year.
General Motor has an expected long-term growth rate of 5.5%. Shares of the company have gained 9.8% over the past year.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Oshkosh (OSK) to Grow From Rising Demand, Better Margins
On Jul 17, we issued a research report on Oshkosh Corporation (OSK - Free Report) .
Robust economic growth and a favorable job market are anticipated to drive the demand for Oshkosh’s access equipment segment. In second-quarter fiscal 2018, the segment witnessed 31% year-over-year rise in order, partly due to the replacement equipment orders. This trend is expected to continue in fiscal 2018, thus, encouraging the company to raise its guidance for the segment. In fiscal 2018, access equipment business is anticipated to generate $3.6-$3.7 billion in sales, an increase of $300 million projected earlier.
In second-quarter fiscal 2018, the company witnessed a year-over-year increase in adjusted earnings and revenues. Moreover, both the figures surpassed their respective Zacks Consensus Estimate. Improved margins in Oshkosh’s defense, and fire & emergency segments, apart from the access equipment segment, has made the company optimistic for fiscal 2018, leading to revised estimates. For the fiscal, consolidated sales are projected to be $7.4-$7.6 billion compared with the previous estimation of $7.1-$7.3 billion.
Oshkosh Corporation Price and Consensus
Oshkosh Corporation Price and Consensus | Oshkosh Corporation Quote
Over the past seven days, the company’s stock has seen the Zacks Consensus Estimate for the to-be-released third quarter and fiscal-end earnings being revised 0.5% and 0.3% upward, respectively. Further, the long-term growth rate for Oshkosh is 18.3%.
Moreover, the company pays regular dividends and engages in share repurchase programs. In the last reported quarter, it paid a quarterly dividend of 24 cents and bought 839,013 shares worth $65 million.
However, rising raw material costs might impact its fiscal earnings. Also, Oshkosh is struggling to hire employees to meet its production targets and the expanding product demand. This might negatively impact Oshkosh’s order delivery targets.
Price Performance
Over a month, Oshkosh’s stock has gained 4.2%, outperforming 6.2% decline recorded by the industry it belongs to.
Zacks Rank & Other Stocks to Consider
Currently, Oshkosh has a Zacks Rank #2 (Buy). A few other top-ranked stocks in the auto space are Visteon Corporation (VC - Free Report) , LKQ Corporation (LKQ - Free Report) and General Motor Company (GM - Free Report) . Visteon and LKQ sport a Zacks Rank #1 (Strong Buy) while General Motor carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Visteon has an expected long-term growth rate of 15%. Shares of the company have gained 20.6% over the past year.
LKQ has an expected long-term growth rate of 15%. Shares of the company have inched up 0.9% over the past year.
General Motor has an expected long-term growth rate of 5.5%. Shares of the company have gained 9.8% over the past year.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>