Oshkosh (NYSE:OSK) Updates FY24 Earnings Guidance

by · The Cerbat Gem

Oshkosh (NYSE:OSK – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $11.35 for the period, compared to the consensus earnings per share estimate of $11.40. The company issued revenue guidance of $10.60 billion, compared to the consensus revenue estimate of $10.51 billion. Oshkosh also updated its FY 2024 guidance to 11.350-11.350 EPS.

Analysts Set New Price Targets

A number of brokerages have weighed in on OSK. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Stifel Nicolaus reduced their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Jefferies Financial Group reduced 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. Truist Financial cut their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Evercore ISI cut their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $125.29.

Check Out Our Latest Research Report on OSK

Oshkosh Trading Down 0.1 %

Shares of NYSE OSK traded down $0.12 during midday trading on Wednesday, hitting $107.71. The stock had a trading volume of 80,831 shares, compared to its average volume of 502,206. The company has a fifty day moving average price of $102.81 and a 200 day moving average price of $107.86. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.04 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. Oshkosh has a 1-year low of $86.37 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK – Get Free Report) last posted its quarterly earnings data 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. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the previous year, the business earned $2.69 EPS. Oshkosh’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, analysts predict that Oshkosh will post 11.33 earnings per share for the current year.

Oshkosh Company Profile

(Get Free Report)

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.

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