Oshkosh (NYSE:OSK) Releases FY24 Earnings Guidance

Oshkosh (NYSE:OSK - Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $11.35 for the period, compared to the consensus EPS 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

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a report on Monday, October 14th. Jefferies Financial Group dropped 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. Evercore ISI cut their target price on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. Stifel Nicolaus reduced their price target on Oshkosh from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. Finally, Truist Financial reduced their price objective on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Oshkosh presently has an average rating of "Hold" and a consensus price target of $125.29.

Oshkosh Price Performance

OSK stock traded down $1.37 on Wednesday, reaching $106.46. 1,408,753 shares of the company's stock were exchanged, compared to its average volume of 508,530. 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 twelve month low of $86.37 and a twelve month high of $127.98. The firm has a market cap of $6.96 billion, a PE ratio of 10.32, a P/E/G ratio of 1.04 and a beta of 1.19. The stock has a fifty day moving average of $102.81 and a 200-day moving average of $107.86.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.34. The firm had revenue of $2.85 billion during 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%. Oshkosh's quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the business posted $2.69 EPS. As a group, equities analysts predict that Oshkosh will post 11.33 EPS for the current fiscal 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.