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Tuesday, January 31, 2023

Analyst Expects Oshkosh Corporation (NYSE: OSK) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Oshkosh Corporation (OSK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.06%, to $89.90. The Oshkosh Corporation has recorded 3,442 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Oshkosh Corporation Named Among Computerworld’s 2023 Best Places to Work in IT.


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Stocks Info

As a NYSE listed company, OSK falls under the Industrials sector while operating within the Farm & Heavy Construction Machinery industry segment. At the end of the last regular session, the stock closed at $89.85 and fluctuated between $89.85 as its day high and $87.56 as its day low. The current market capitalization of Oshkosh Corporation is $5.84B. A total of 0.55 million shares were traded on the day, compared to an average of 403.14K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, OSK has seen 110 BUY and 98 SELL insider trades, representing the acquisition of 67,956 and the disposition of 31,337 shares. Over the last 12 months, there were 151 BUYs and 106 SELLs from insiders. Insiders purchased 114,406 shares during that period but sold 48,790.

In the most recent transaction, Hawkins Thomas P sold 3,500 shares of OSK for 112.47 per share on Jan 31. After the transaction, the SVP, Government Relations now owns 4,280 company shares.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Oshkosh Corporation pays an annual dividend of $1.48, resulting in a dividend yield of 1.65%, and it has a price to earnings (P/E) ratio of 65.63. OSK’s most recent ex-dividend date was 11/10/2022 when it declared a $0.37 quarterly dividend that was paid in cash on 11/28/2022. Previously, the company paid the dividend on 8/29/2022 with an ex-dividend date of 8/12/2022. The OSK stock dividend was $0.37 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for OSK in the last 3 months, the mean price target is $94.12 with high estimates of $114.00 and low estimates of $75.00. In terms of 52-week highs and lows, OSK has a high of $125.16 and a low of $69.30.

As of this writing, OSK has an earnings estimate of $1.64 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $2.1 per share and a lower estimate of $1.28. The company reported an EPS of $0.41 in the last quarter, which was -53.90% lower than expectations of $0.89.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OSK is Underweight with a score of 3.75. A total of 7 analysts rated the stock as Buy while 2 rated it as Overweight while 9 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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