Oshkosh lowered its fiscal 2015 EPS estimates to a range of $3.75 to $4 a share, down from its previous EPS estimates of a range of $4 to $4.25 a share. Analysts expect the company to report earnings of $4.04 a share for fiscal 2015.
The company said the lower EPS guidance is due to the impact of severe weather conditions, potential rental industry consolidation, and new product launch delays.
About 1.2 million shares of Oshkosh were traded by 10:27 a.m. Tuesday, above the company's average trading of about 829,000 shares a day.
TheStreet Ratings team rates OSHKOSH CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate OSHKOSH CORP (OSK) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: