Oshkosh (NYSE:OSK) Releases FY 2022 Earnings Guidance

Oshkosh (NYSE:OSKGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $5.00-$6.00 for the period, compared to the consensus estimate of $5.60. The company issued revenue guidance of -.Oshkosh also updated its FY 2025 guidance to $11.00-$13.00 EPS.

Oshkosh stock traded down $1.15 during trading hours on Monday, hitting $91.68. 4,770 shares of the stock were exchanged, compared to its average volume of 658,300. The stock has a market capitalization of $6.03 billion, a P/E ratio of 20.87, a P/E/G ratio of 0.62 and a beta of 1.36. The business’s 50-day moving average is $101.60 and its two-hundred day moving average is $109.11. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.13 and a current ratio of 1.76. Oshkosh has a 12 month low of $90.56 and a 12 month high of $137.47.

Oshkosh (NYSE:OSKGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Oshkosh had a return on equity of 7.63% and a net margin of 3.84%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.48 EPS. On average, equities analysts predict that Oshkosh will post 5.49 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $1.48 annualized dividend and a yield of 1.61%. Oshkosh’s dividend payout ratio (DPR) is 33.41%.

Several equities research analysts have weighed in on OSK shares. Raymond James lowered their price objective on shares of Oshkosh from $135.00 to $120.00 and set an outperform rating for the company in a research report on Tuesday, April 26th. Morgan Stanley dropped their price objective on shares of Oshkosh from $144.00 to $131.00 and set an overweight rating for the company in a research report on Monday, April 18th. Evercore ISI lowered Oshkosh from an outperform rating to an in-line rating and set a $124.00 price objective on the stock. in a research report on Tuesday, February 15th. Wells Fargo & Company dropped their target price on Oshkosh from $117.00 to $104.00 in a research report on Thursday, April 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Oshkosh from $136.00 to $119.00 and set a buy rating on the stock in a report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Oshkosh currently has an average rating of Hold and an average target price of $116.64.

Institutional investors have recently made changes to their positions in the business. Peapack Gladstone Financial Corp acquired a new position in shares of Oshkosh in the fourth quarter valued at approximately $211,000. Segall Bryant & Hamill LLC increased its holdings in Oshkosh by 5.7% during the 4th quarter. Segall Bryant & Hamill LLC now owns 2,800 shares of the company’s stock worth $316,000 after purchasing an additional 150 shares in the last quarter. JustInvest LLC acquired a new stake in shares of Oshkosh in the 4th quarter valued at about $355,000. LPL Financial LLC lifted its holdings in shares of Oshkosh by 13.0% in the fourth quarter. LPL Financial LLC now owns 11,987 shares of the company’s stock valued at $1,351,000 after purchasing an additional 1,377 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its position in shares of Oshkosh by 9.9% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 12,274 shares of the company’s stock worth $1,383,000 after buying an additional 1,107 shares during the period. Institutional investors own 94.89% of the company’s stock.

About Oshkosh (Get Rating)

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

Read More

Earnings History and Estimates for Oshkosh (NYSE:OSK)

Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.