Oshkosh (OSK) to Release Earnings on Thursday

Oshkosh (NYSE:OSK) is expected to be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce 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.Individual 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 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, analysts expect Oshkosh to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Oshkosh Stock Down 1.2 %

OSK opened at $96.10 on Thursday. The company has a fifty day moving average price of $100.86 and a 200-day moving average price of $103.26. The firm has a market capitalization of $6.25 billion, a P/E ratio of 9.33, a price-to-earnings-growth 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 has a one year low of $89.08 and a one year high of $127.98.

Oshkosh Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial cut their target price on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. UBS Group cut their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird cut their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Citigroup cut their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Oshkosh has a consensus rating of “Hold” and a consensus 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.