Oshkosh (NYSE:OSK) Releases FY24 Earnings Guidance

Oshkosh (NYSE:OSK) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $11.35 for the period, compared to the consensus estimate of $11.40. The company issued revenue guidance of $10.60 billion, compared to the consensus revenue estimate of $10.51 billion. Oshkosh also updated its FY 2024 guidance to 11.350-11.350 EPS.

Analysts Set New Price Targets

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

Oshkosh Trading Up 0.9 %

Shares of NYSE:OSK traded up $0.95 during mid-day trading on Friday, reaching $103.19. 555,303 shares of the company’s stock were exchanged, compared to its average volume of 510,068. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.46. Oshkosh has a twelve month low of $90.07 and a twelve month high of $127.98. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 1.04 and a beta of 1.19. The business’s fifty day moving average price is $102.73 and its 200-day moving average price is $107.70.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, research analysts predict that Oshkosh will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

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