Oshkosh (OSK) to Release Earnings on Thursday

Oshkosh (NYSE:OSK) is expected to be releasing its earnings data before the market opens on Thursday, January 30th. Analysts expect Oshkosh to post earnings of $2.22 per share and revenue of $2,418,487.95 billion for the quarter. Oshkosh has set its FY 2024 guidance at 11.350-11.350 EPS and its FY24 guidance at $11.35 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.63 billion. On average, analysts expect Oshkosh to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Oshkosh Trading Down 1.2 %

OSK stock opened at $96.10 on Thursday. The business has a fifty day moving average price of $100.86 and a 200 day moving average price of $103.26. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 9.33, a P/E/G ratio of 1.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.91%. Oshkosh’s payout ratio is 17.86%.

Wall Street Analyst Weigh In

A number of brokerages have commented on OSK. JPMorgan Chase & Co. decreased their price objective on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Truist Financial reduced their price target on Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Citigroup reduced their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Robert W. Baird reduced their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, UBS Group dropped their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $121.77.

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.