Oshkosh Co. (NYSE:OSK) Expected to Post Q4 2022 Earnings of $1.77 Per Share

Oshkosh Co. (NYSE:OSKGet Rating) – Analysts at KeyCorp dropped their Q4 2022 earnings estimates for Oshkosh in a report issued on Sunday, July 31st. KeyCorp analyst S. Barger now expects that the company will earn $1.77 per share for the quarter, down from their prior forecast of $1.80. KeyCorp has a “Overweight” rating and a $105.00 price target on the stock. The consensus estimate for Oshkosh’s current full-year earnings is $3.50 per share.

A number of other equities analysts have also recently commented on OSK. UBS Group decreased their target price on Oshkosh from $125.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday. Credit Suisse Group set a $97.00 target price on shares of Oshkosh in a report on Tuesday, July 19th. TheStreet lowered shares of Oshkosh from a “b-” rating to a “c+” rating in a report on Friday, July 1st. Argus started coverage on shares of Oshkosh in a report on Tuesday, July 26th. They set a “hold” rating for the company. Finally, Bank of America cut shares of Oshkosh from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $103.00 to $92.00 in a report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $104.87.

Oshkosh Stock Up 0.2 %

OSK stock opened at $84.64 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.06 and a current ratio of 1.73. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 47.82, a P/E/G ratio of 1.14 and a beta of 1.33. The business’s 50-day moving average is $86.00 and its two-hundred day moving average is $97.83. Oshkosh has a fifty-two week low of $77.89 and a fifty-two week high of $125.16.

Oshkosh (NYSE:OSKGet Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.53). Oshkosh had a net margin of 1.53% and a return on equity of 4.02%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the company earned $2.09 earnings per share. Oshkosh’s quarterly revenue was down 6.5% compared to the same quarter last year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Monday, August 15th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $1.48 dividend on an annualized basis and a yield of 1.75%. Oshkosh’s dividend payout ratio is currently 83.62%.

Institutional Trading of Oshkosh

Institutional investors and hedge funds have recently bought and sold shares of the business. National Bank of Canada FI purchased a new stake in Oshkosh in the fourth quarter valued at $25,000. CX Institutional purchased a new stake in Oshkosh in the second quarter valued at approximately $25,000. KRS Capital Management LLC acquired a new stake in shares of Oshkosh in the fourth quarter valued at approximately $35,000. HHM Wealth Advisors LLC acquired a new position in Oshkosh in the first quarter valued at $46,000. Finally, Covestor Ltd acquired a new stake in shares of Oshkosh during the fourth quarter worth about $54,000. 94.89% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Company Profile

(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.

Further Reading

Earnings History and Estimates for Oshkosh (NYSE:OSK)

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