Research Analysts Issue Forecasts for Oshkosh Q4 Earnings

Oshkosh Co. (NYSE:OSK - Free Report) - Investment analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of Oshkosh in a research note issued to investors on Friday, November 1st. DA Davidson analyst M. Shlisky expects that the company will earn $2.22 per share for the quarter. The consensus estimate for Oshkosh's current full-year earnings is $11.35 per share.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts' consensus estimates of $2.87 by $0.06. The business 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%.

OSK has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price objective on Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Stifel Nicolaus dropped their price target 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 shares of Oshkosh from $135.00 to $105.00 and set a "hold" rating on the stock in a research report on Thursday, July 11th. Evercore ISI lowered their target price on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Finally, Truist Financial cut their target price on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $123.14.

Oshkosh Price Performance

Oshkosh stock traded down $0.26 during mid-day trading on Monday, hitting $102.93. The stock had a trading volume of 492,422 shares, compared to its average volume of 509,987. Oshkosh has a one year low of $90.56 and a one year high of $127.98. The company has a current ratio of 1.46, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $6.70 billion, a P/E ratio of 9.99, a P/E/G ratio of 1.00 and a beta of 1.18. The firm's 50 day moving average is $102.73 and its 200 day moving average is $107.53.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.79%. Oshkosh's payout ratio is currently 17.86%.

Hedge Funds Weigh In On Oshkosh

Several large investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in Oshkosh during the 3rd quarter valued at about $25,000. Headlands Technologies LLC bought a new position in shares of Oshkosh during the first quarter valued at approximately $31,000. Bessemer Group Inc. raised its holdings in shares of Oshkosh by 280.6% in the first quarter. Bessemer Group Inc. now owns 392 shares of the company's stock worth $49,000 after buying an additional 289 shares during the period. Versant Capital Management Inc raised its holdings in shares of Oshkosh by 5,563.6% in the second quarter. Versant Capital Management Inc now owns 623 shares of the company's stock worth $67,000 after buying an additional 612 shares during the period. Finally, Eagle Bay Advisors LLC lifted its stake in shares of Oshkosh by 547.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company's stock worth $72,000 after acquiring an additional 564 shares during the last quarter. Institutional investors own 92.36% of the company's stock.

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.