Oshkosh (OSK) Set to Announce Quarterly 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.Investors that wish to register for the company’s conference call can do so using this link.

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

Oshkosh Stock Up 1.9 %

OSK stock opened at $106.10 on Monday. Oshkosh has a 52 week low of $86.10 and a 52 week high of $127.98. The business has a 50-day simple moving average of $102.55 and a 200 day simple moving average of $108.06. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The company has a market cap of $6.91 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is presently 17.79%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. 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. Jefferies Financial Group lowered their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Stifel Nicolaus dropped their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Evercore ISI reduced their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $125.29.

Oshkosh Company Profile

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.