Oshkosh Truck (OSK) NewsBite - OSK Jumps on Q4 Earnings
Posted: Tuesday, November 03, 2009 10:01 AM EDT
By: Market Intelligence Center Staff
Oshkosh Truck (NYSE: OSK) opened at $32.65. So far today, the stock has hit a low of $32.65 and a high of $34.33. OSK is now trading at $34.28, up $2.45 (7.70%). Over the last 52 weeks the stock has ranged from a low of $3.85 to a high of $35.94. OSK reported earnings this morning, posting a fourth-quarter profit of $140.3 million, or $1.68 per share. Excluding one-time items, OSK earned 27 cents per share on revenue of $1.48 billion, topping analysts' projections of 16 cents per share on revenue of $1.40 billion. Technical indicators for the stock are bullish and S&P gives OSK a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on OSK the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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