Oshkosh (NYSE:OSK) Releases FY 2024 Earnings Guidance

Oshkosh (NYSE:OSK) issued an update on its FY 2024 earnings guidance on Wednesday morning. 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.

Oshkosh Stock Performance

Oshkosh stock traded up $0.95 during mid-day trading on Friday, reaching $103.19. The company had a trading volume of 554,776 shares, compared to its average volume of 510,066. The company has a 50 day moving average of $102.80 and a 200-day moving average of $107.81. Oshkosh has a 52 week low of $90.07 and a 52 week 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 firm 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.

Oshkosh (NYSE:OSK) last released 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. The business 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, sell-side analysts expect that Oshkosh will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors 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 (DPR) is currently 17.86%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Jefferies Financial Group reduced their target price on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Evercore ISI cut their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, Truist Financial decreased their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $123.14.

About Oshkosh

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.