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Oshkosh Truck (OSK) Updates FY13 Earnings Guidance - OSK up 10% overnight

• Jags Report
Oshkosh Truck (OSK) updated its FY13 earnings guidance on Friday. The company provided EPS guidance of $2.80-3.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.63.

OSK has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a buy rating on shares of Oshkosh Truck in a research note to investors on Friday, January 11th. They now have a $40.00 price target on the stock, up previously from $36.00. On a related note, analysts at Drexel Hamilton upgraded shares of Oshkosh Truck to a buy rating in a research note to investors on Tuesday, January 8th. Finally, analysts at ISI Group upgraded shares of Oshkosh Truck from a neutral rating to a buy rating in a research note to investors on Wednesday, January 2nd. They now have a $39.00 price target on the stock, up previously from $32.00.

Oshkosh Truck (OSK) opened at 34.58 on Friday. Oshkosh Truck (OSK) has a 1-year low of $18.49 and a 1-year high of $34.98. The stock’s 50-day moving average is currently $30.86. The company has a market cap of $3.166 billion and a price-to-earnings ratio of 13.76.

Oshkosh Truck last issued its quarterly earnings data on Friday, January 25th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.29. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Oshkosh Truck has set its FY13 guidance at $2.80-3.05 EPS. On average, analysts predict that Oshkosh Truck (OSK) will post $2.63 earnings per share for the current fiscal year.

 

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