Oshkosh (NYSE:OSK) Releases FY 2024 Earnings Guidance

Oshkosh (NYSE:OSK) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 11.350-11.350 for the period, compared to the consensus earnings per share 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 Analyst Weigh In

OSK has been the topic of several research analyst reports. Jefferies Financial Group dropped their target price on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Stifel Nicolaus cut their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Robert W. Baird cut their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Truist Financial cut their price target on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $123.14.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $103.19 on Friday. The firm has a market cap of $6.72 billion, a PE ratio of 10.02, a P/E/G ratio of 1.04 and a beta of 1.19. Oshkosh has a twelve month low of $90.07 and a twelve month high of $127.98. The company has a quick ratio of 0.81, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $102.73 and a 200 day moving average price of $107.70.

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

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.78%. Oshkosh’s dividend payout ratio is currently 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.