Price movement of Oshkosh
Oshkosh Corporation (OSK) has a market cap of $2.8 billion. It rose by 2.0% to close at $47.00 per share on June 6, 2016.
The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.2%, 2.9%, and 21.6%, respectively, on the same day. This means that OSK is trading 2.9% above its 20-day moving average, 9.2% above its 50-day moving average, and 20.3% above its 200-day moving average.
Related ETFs and peers
The PowerShares Aerospace & Defense Portfolio (PPA) invests 1.0% of its holdings in Oshkosh. The ETF tracks a market-cap-weighted index of US-listed stocks involved in the defense, military, homeland security, and space industries. The YTD price movement of PPA was 5.9% on June 6, 2016.
The iShares Morningstar Small Value ETF (JKL) invests 0.64% of its holdings in Oshkosh. The ETF tracks a market-cap-weighted index of US small cap value stocks. The index tracks stocks from the 90th to the 97th percentile of the market-cap spectrum, using fundamental factors.
The market caps of Oshkosh’s competitors are as follows:
John Bryant has been promoted to Oshkosh Defense’s president and Oshkosh Corporation’s senior vice president, effective immediately.
Performance of Oshkosh in fiscal 2Q16
Oshkosh Corporation (OSK) reported fiscal 2Q16 net sales of ~$1.5 billion, a fall of 1.9% compared to net sales of ~$1.6 billion in fiscal 2Q15. Its net income and EPS (earnings per share) rose to $56.1 million and $0.76, respectively, in fiscal 2Q16, compared to $54.5 million and $0.69, respectively, in fiscal 2Q15.
Oshkosh’s cash and cash equivalents fell by 10.5%, and its inventories rose by 5.5% in fiscal 2Q16 compared to fiscal 4Q15. Its current ratio fell to 1.6x and its debt-to-equity ratio rose to 1.5x in fiscal 2Q16, compared to a current ratio and a debt-to-equity ratio of 1.7x and 1.4x, respectively, in fiscal 4Q15.
Oshkosh Corporation (OSK) has made the following projections for fiscal 2016:
- net sales in the range of $5.7 billion–$6.0 billion
- EPS in the range of $2.30–$2.70
This projection reflects a lower estimated tax rate as a result of discrete tax benefits in fiscal 2Q16 and increased expectation from its Defense segment results, partially offset by higher corporate costs.
In the next part, we’ll discuss Under Armour.