Oshkosh (NYSE:OSK) Updates FY24 Earnings Guidance
by Jessica Moore · The Cerbat GemOshkosh (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
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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