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News Breaks | | | | September 14, 2012 | | 10:47 EDT |  | OSK, NAV | Oshkosh jumps after estimating EPS will double
Vehicle maker Oshkosh (OSK) is surging after the company predicted that its earnings per share, or EPS, would double by fiscal 2015. Specifically, the company predicted that its EPS would reach $4.00-$4.50 in fiscal 2015, up from fiscal 2012 levels of $2.05-$2.15. Oshkosh, which presented the information in slides at its Analyst Day, expects its EPS to grow at a compound annual growth rate of 23%-30% between fiscal 2012 and fiscal 2015. For fiscal 2013, Oshkosh provided EPS guidance of $2.35-$2.60, versus analysts' consensus estimate of $2.51. The truck maker, however, expects its fiscal 2013 revenue to come in at $7.5B-$7.8B, versus the consensus of $7.84B. Furthermore, the company expects its free cash flow to decline in fiscal 2013, compared with fiscal 2012. In North America, however, Oshkosh anticipates that it will benefit from a favorable construction spending outlook, a strong truck rental market, and strong demand for trucks for use in energy projects and industrial retooling. Oshkosh indicated that it would "opportunistically" use its capital for share repurchases or acquisitions. In mid-morning trading, Oshkosh rose $1.35, or 4.91%, to $28.85. Oshkosh peer Navistar (NAV) is also trading higher in mid-morning trading. | |
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News For OSK;NAV From The Last 14 Days Check below for free stories on OSK;NAV the last two weeks. |
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| May 20, 2013 | | 14:49 EDT | | NAV | Navistar appoints Bill Kozek as president North America truck business
Navistar (NAV) announced it has appointed Bill Kozek as president of the company's North America Truck and Parts business. He succeeds Jack Allen, who was promoted to COO last month. Kozek joins Navistar following a 26-year career at PACCAR (PCAR), where he most recently served as vice president and general manager of its Peterbilt Motors. | | | May 16, 2013 | | 08:49 EDT | | NAV | Navistar sells recreational vehicle business
 Subscribe for More Information | | | May 13, 2013 | | 10:38 EDT |  | NAV, OSK | Oshkosh vehicle design rejected by Pentagon, Defense News says
Subscribe for More Information | | | May 9, 2013 | | 07:32 EDT |  | NAV | Wells Fargo to host a conference
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