DA Davidson Analysts Decrease Earnings Estimates for Oshkosh

Oshkosh Co. (NYSE:OSK) – Equities researchers at DA Davidson reduced their FY2025 earnings per share estimates for shares of Oshkosh in a research note issued on Monday, February 3rd. DA Davidson analyst M. Shlisky now forecasts that the company will post earnings of $11.07 per share for the year, down from their previous forecast of $12.01. The consensus estimate for Oshkosh’s current full-year earnings is $11.00 per share.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%.

Other analysts have also recently issued research reports about the company. Citigroup reduced their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. KeyCorp upped their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. UBS Group boosted their price objective on Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday. Truist Financial raised their target price on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, Raymond James increased their price objective on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and an average price target of $125.00.

Oshkosh Price Performance

NYSE OSK opened at $110.67 on Wednesday. The company has a 50 day moving average price of $99.67 and a two-hundred day moving average price of $103.06. Oshkosh has a 12-month low of $89.08 and a 12-month high of $127.98. The stock has a market capitalization of $7.20 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 1.97 and a beta of 1.22. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Hedge Funds Weigh In On Oshkosh

A number of hedge funds have recently modified their holdings of OSK. Vaughan Nelson Investment Management L.P. acquired a new stake in Oshkosh in the 4th quarter valued at $23,285,000. Assenagon Asset Management S.A. lifted its holdings in shares of Oshkosh by 3,329.3% during the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after acquiring an additional 233,218 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after purchasing an additional 97,282 shares in the last quarter. Edgestream Partners L.P. grew its holdings in shares of Oshkosh by 704.3% in the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock worth $6,817,000 after purchasing an additional 59,566 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Oshkosh during the 3rd quarter worth about $5,375,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.84%. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. Oshkosh’s payout ratio is presently 17.78%.

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.