Oshkosh (OSK) to Release Earnings on Wednesday

Oshkosh (NYSE:OSK) is scheduled to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Oshkosh to post earnings of $3.01 per share for the quarter. Oshkosh has set its FY24 guidance at approx $11.75 EPS and its FY 2024 guidance at 11.750-11.750 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the company posted $2.69 earnings per share. On average, analysts expect Oshkosh to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Oshkosh Stock Performance

Shares of NYSE:OSK opened at $105.24 on Wednesday. The firm has a market cap of $6.85 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 1.06 and a beta of 1.19. The firm’s 50 day simple moving average is $102.31 and its 200-day simple moving average is $108.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. Oshkosh has a one year low of $86.10 and a one year high of $127.98.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.46 per share. The ex-dividend date was Friday, August 16th. This represents a $1.84 annualized dividend and a yield of 1.75%. Oshkosh’s dividend payout ratio (DPR) is presently 17.79%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OSK. Evercore ISI reduced their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. boosted 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. Jefferies Financial Group lowered their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Raymond James started coverage on shares of Oshkosh in a research report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective on the stock. Finally, Truist Financial cut their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. 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. Based on data from MarketBeat.com, Oshkosh has a consensus rating of “Hold” and a consensus target price of $125.29.

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.