Revenue Update on Oshkosh Corp(NYSE:OSK)

Oshkosh Corp(NYSE:OSK) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $1.75B. Analysts estimated a revenue of $1.61B. Earnings per share were $1.13. Analysts had estimated an EPS of $1.00.

In a different note, On Jul 15, 2016, Jefferies said it Maintains its rating on Oshkosh Corp. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Buy’ by the firm.

Oshkosh Corp (OSK) shares turned negative on Thursdays trading session with the shares closing down -0.24 points or -0.45% at a volume of 5,92,573. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $54.2073. The peak price level was also seen at $54.2073 while the days lowest was $53.54. Finally the shares closed at $53.6. The 52-week high of the shares is $55.6299 while the 52-week low is $29.59. According to the latest information available, the market cap of the company is $3,939 M.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Richard M Donnelly (director) sold 900 shares at $45.39 per share price.Also, On May 4, 2016, Marek W. May (Senior VP, Operations) sold 1,667 shares at $47.43 per share price.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 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.

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