Oshkosh (NYSE:OSK) Issues FY 2024 Earnings Guidance

Oshkosh (NYSE:OSK) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 11.350-11.350 for the period, compared to the consensus EPS estimate of 11.400. The company issued revenue guidance of $10.6 billion-$10.6 billion, compared to the consensus revenue estimate of $10.5 billion. Oshkosh also updated its FY24 guidance to $11.35 EPS.

Wall Street Analysts Forecast Growth

OSK has been the topic of a number of research reports. Robert W. Baird decreased their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus decreased their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Evercore ISI decreased their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Truist Financial dropped their price target on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their price objective on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $123.14.

Oshkosh Price Performance

Shares of Oshkosh stock traded up $0.95 during midday trading on Friday, hitting $103.19. 554,933 shares of the company traded hands, compared to its average volume of 510,067. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.04 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.46. The firm’s fifty day moving average price is $102.80 and its 200-day moving average price is $107.81. Oshkosh has a 12 month low of $90.07 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. As a group, sell-side analysts forecast that Oshkosh will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.46 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.78%. Oshkosh’s dividend payout ratio is presently 17.86%.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.