Oshkosh (NYSE:OSK) Updates FY24 Earnings Guidance

Oshkosh (NYSE:OSK) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of approx $11.75 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on Oshkosh from $140.00 to $135.00 and set a buy rating on the stock in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on Oshkosh from $130.00 to $120.00 and set a neutral rating on the stock in a research report on Wednesday, July 10th. Bank of America lifted their price objective on Oshkosh from $108.00 to $112.00 and gave the stock an underperform rating in a research report on Tuesday, May 28th. Jefferies Financial Group cut their price objective on Oshkosh from $135.00 to $105.00 and set a hold rating on the stock in a research report on Thursday, July 11th. Finally, StockNews.com lowered Oshkosh from a buy rating to a hold rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $124.75.

Oshkosh Stock Performance

Shares of OSK traded down $5.16 during trading hours on Friday, hitting $100.06. The stock had a trading volume of 674,620 shares, compared to its average volume of 588,027. 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 12 month low of $86.10 and a 12 month high of $127.98. The firm has a market capitalization of $6.51 billion, a PE ratio of 9.58, a PEG ratio of 1.01 and a beta of 1.22. The stock has a fifty day moving average price of $108.58 and a 200 day moving average price of $113.12.

Oshkosh (NYSE:OSK) last released 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. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. Oshkosh’s revenue for the quarter was up 18.0% on a year-over-year basis. Analysts anticipate that Oshkosh will post 11.75 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given 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 yield of 1.84%. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

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.