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Stock Market & Financial Investment News

News Breaks
October 11, 2012
11:27 EDTOSKIcahn announces intention for $32.50 per share tender offer for Oshkosh
Carl Icahn announced his intention to initiate a tender offer for the outstanding shares of Oshkosh at $32.50 per share in cash. Icahn also announced his intention to nominate a slate of directors for election to the Oshkosh board at the upcoming annual meeting. The tender offer is not subject to due diligence or financing, but will be subject to the election of Mr. Icahn’s nominees to the Oshkosh board, Icahn said in a statement. The tender offer will have an initial expiration date of 45 days following commencement.
News For OSK From The Last 14 Days
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July 31, 2014
14:35 EDTOSKOshkosh poised for 20% plus upside, Barron's reports
Although Oshkosh shares have fallen 15% this month, shares are poised for a 20% plus upside move over the next year as increased construction activity should fuel orders for aerial work platforms, the company's biggest profit contributor, Barron's reports. Reference Link
July 30, 2014
11:24 EDTOSKOshkosh rebounds after analysts defend stock
Oshkosh's (OSK) stock is climbing as a number of analysts defended the shares after the company reported lower than expected profits yesterday morning. Oshkosh designs and manufacturers specialty vehicles and vehicle bodies for the defense, fire and emergency and commercial industries. WHAT'S NEW: After Oshkosh reported significantly lower than expected Q3 EPS and its shares fell yesterday, Robert W. Baird analyst Mircea Dobre upgraded his rating on the stock to Outperform from Neutral this morning. The risks facing the company from weaker profit margins for its Access unit, along with more uncertainty about demand for the equipment, is already priced into the stock, Dobre believes. The company should benefit from rebounding construction activity and the potential for stronger than expected results from its Defense unit, the analyst forecast. Additionally, Oshkosh's management has performed well, according to the analyst, who cut his price target on the shares to $55 from $58. Meanwhile, BMO Capital analyst Charles Brady was also upbeat on the stock's outlook. The company's results were disappointing, but the fundamentals of its Access Equipment business remain solid, while its Commercial business continues to improve, Brady wrote. Additionally, like Dobre, Brady believes that the company's Defense business could surpass expectations. Calling Oshkosh the cheapest stock among the companies he covers, Brady kept an Outperform rating on the shares but trimmed his price target on the stock to $61 from $66. Oshkosh's profit margins can continue to improve and the company may obtain contracts for its Joint Light Tactical Vehicle, Stifel analyst Stanley Elliot wrote. The stock is attractive following its pullback, according to the analyst, who kept a Buy rating on the shares. PRICE ACTION: In late morning trading, Oshkosh climbed $1, or 2.4%, to trade near $47 per share. The stock closed at $53.19 on July 28.
10:00 EDTOSKOn The Fly: Analyst Upgrade Summary
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08:20 EDTOSKOshkosh outlook still attractive, says BMO Capital
After Oshkosh reported lower than expected Q3 EPS and reduced the top end of its full-year guidance, BMO Capital still thinks the fundamentals of the company's Access Equipment unit remains solid. The firm believes that the defense business may beat expectations and it says the stock is the cheapest in its coverage universe. It keeps an Outperform rating on the shares.
07:54 EDTOSKOshkosh EPS miss creates opportunity, says Stifel
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05:26 EDTOSKOshkosh upgraded to Outperform from Neutral at RW Baird
RW Baird upgraded Oshkosh to Outperform citing the pullback in shares following the company's Q3 miss. The firm lowered its price target for the stock to $55 from $58.
July 29, 2014
13:29 EDTOSKOshkosh pullback a buying opportunity, says JPMorgan
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09:10 EDTOSKOshkosh says non-defense markets improving, not all at previously expected pace
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07:03 EDTOSKOshkosh narrows FY14 adjusted EPS view $3.40-$3.55, consensus $3.61
Sees FY14 consolidated sales $6.7B-$6.75B, consensus $6.77B. The Company’s estimated sales range reflects slightly lower expectations in the Company’s non-defense segments. The Company expects adjusted1 consolidated operating income to be between $490 million and $505 million. The adjusted consolidated operating income expectations reflect operating income margins of approximately 14.6 percent in the Company’s access equipment segment, operating income margins in the defense segment at the high end of previous expectations and operating income margins in the Company’s fire & emergency and commercial segments at the low end of previous expectations. "Looking forward, we continue to believe the outlook for our non-defense markets in 2015 is positive, and we expect MOVE initiatives to continue to contribute to margin expansion in 2015 and beyond,” the company said.
07:02 EDTOSKOshkosh reports Q3 adjusted EPS $1.23, consensus $1.37
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