Oshkosh (NYSE:OSK) Issues FY24 Earnings Guidance

Oshkosh (NYSE:OSK) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of approx $11.75 for the period, compared to the consensus EPS estimate of $11.27. The company issued revenue guidance of approx $10.70 billion, compared to the consensus revenue estimate of $10.63 billion. Oshkosh also updated its FY 2024 guidance to 11.750-11.750 EPS.

Oshkosh Stock Down 4.9 %

OSK traded down $5.16 during trading on Friday, hitting $100.06. The company had a trading volume of 674,620 shares, compared to its average volume of 588,027. The company has a market cap of $6.51 billion, a PE ratio of 9.58, a P/E/G ratio of 1.01 and a beta of 1.22. The business has a 50-day moving average of $108.58 and a 200-day moving average of $113.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.76. Oshkosh has a 1-year low of $86.10 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.34. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.69 earnings per share. As a group, analysts forecast that Oshkosh will post 11.75 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.84%. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Analyst Upgrades and Downgrades

OSK has been the topic of a number of research reports. Truist Financial increased their target price on shares of Oshkosh from $123.00 to $126.00 and gave the stock a hold rating in a report on Thursday. Bank of America increased their target price on shares of Oshkosh from $108.00 to $112.00 and gave the stock an underperform rating in a report on Tuesday, May 28th. Raymond James initiated coverage on shares of Oshkosh in a report on Friday, June 28th. They set an outperform rating and a $125.00 target price on the stock. StockNews.com cut shares of Oshkosh from a buy rating to a hold rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Oshkosh from $130.00 to $120.00 and set a neutral rating on the stock in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Oshkosh currently has a consensus rating of Hold and an average target price of $124.75.

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.