Oshkosh (OSK) Scheduled to Post Quarterly Earnings on Wednesday

Oshkosh (NYSE:OSK - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce 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.Persons that are interested in registering for the company's earnings conference call can do so using this link.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating analysts' consensus estimates of $3.00 by $0.34. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm's quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 Down 1.7 %

Shares of OSK stock traded down $1.77 during trading on Wednesday, hitting $103.45. 317,179 shares of the company were exchanged, compared to its average volume of 498,866. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The business's 50-day simple moving average is $102.41 and its 200 day simple moving average is $108.50. Oshkosh has a twelve month low of $86.10 and a twelve month high of $127.98.

Oshkosh Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh's dividend payout ratio is currently 17.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OSK shares. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. 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 research note on Thursday, July 11th. Raymond James began coverage on shares of Oshkosh in a research report on Friday, June 28th. They set an "outperform" rating and a $125.00 price objective on the stock. Citigroup began coverage on shares of Oshkosh in a research report on Wednesday, June 26th. They issued a "buy" rating and a $130.00 target price for the company. Finally, Evercore ISI cut their price target 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. One investment 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 MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $125.29.

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.