Oshkosh (NYSE:OSK) Releases FY24 Earnings Guidance

Oshkosh (NYSE:OSK) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $11.35 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OSK. Jefferies Financial Group dropped their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, July 11th. Evercore ISI reduced their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Truist Financial lowered their price objective 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. Stifel Nicolaus reduced their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $123.14.

Oshkosh Stock Performance

NYSE:OSK traded up $0.95 during trading on Friday, reaching $103.19. The company’s stock had a trading volume of 555,303 shares, compared to its average volume of 510,068. Oshkosh has a 12 month low of $90.07 and a 12 month high of $127.98. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.04 and a beta of 1.19. The firm has a 50 day moving average of $102.73 and a 200-day moving average of $107.70. 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 (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Research analysts expect that Oshkosh will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed 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. This represents a $1.84 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

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.