Oshkosh (NYSE:OSK) Issues 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 Analysts Forecast Growth

Several research firms have commented on OSK. Truist Financial lowered their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Robert W. Baird dropped their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday. Stifel Nicolaus reduced their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Jefferies Financial Group lowered their price objective on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Finally, Evercore ISI cut their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $123.14.

Oshkosh Trading Up 0.9 %

OSK opened at $103.19 on Friday. Oshkosh has a 52 week low of $90.07 and a 52 week high of $127.98. The company has a market capitalization of $6.72 billion, a P/E ratio of 10.02, a PEG ratio of 1.04 and a beta of 1.19. The stock’s fifty day moving average is $102.73 and its two-hundred day moving average is $107.70. The company has a quick ratio of 0.81, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.63 billion. Analysts forecast that Oshkosh will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given 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 dividend payout ratio (DPR) is presently 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.