Oshkosh Co. to Post Q3 2022 Earnings of $0.99 Per Share, DA Davidson Forecasts (NYSE:OSK)

Oshkosh Co. (NYSE:OSKGet Rating) – Investment analysts at DA Davidson issued their Q3 2022 earnings estimates for Oshkosh in a research note issued to investors on Tuesday, August 2nd. DA Davidson analyst M. Shlisky expects that the company will post earnings of $0.99 per share for the quarter. The consensus estimate for Oshkosh’s current full-year earnings is $3.83 per share. DA Davidson also issued estimates for Oshkosh’s FY2023 earnings at $7.27 EPS.

Oshkosh (NYSE:OSKGet Rating) last posted its quarterly earnings data 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 return on equity of 4.02% and a net margin of 1.53%. 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 prior year, the company earned $2.09 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year.

Several other research analysts also recently commented on OSK. Morgan Stanley lowered their target price on Oshkosh from $111.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday. UBS Group lowered their price objective on Oshkosh from $125.00 to $114.00 and set a “buy” rating for the company in a research note on Tuesday. Citigroup downgraded Oshkosh from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $120.00 to $90.00 in a research note on Thursday, July 7th. Raymond James lowered their price objective on Oshkosh from $135.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, April 26th. Finally, Wells Fargo & Company reduced their target price on Oshkosh from $117.00 to $104.00 in a report on Thursday, April 28th. One 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 company has an average rating of “Hold” and a consensus price target of $104.87.

Oshkosh Stock Down 1.3 %

Shares of NYSE OSK opened at $83.50 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.06 and a debt-to-equity ratio of 0.21. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 47.18, a PEG ratio of 1.02 and a beta of 1.32. Oshkosh has a 12 month low of $77.89 and a 12 month high of $125.16. The stock has a 50-day moving average price of $85.85 and a two-hundred day moving average price of $97.73.

Institutional Investors Weigh In On Oshkosh

Several large investors have recently added to or reduced their stakes in OSK. National Bank of Canada FI bought a new position in Oshkosh in the 4th quarter worth about $25,000. CX Institutional bought a new position in Oshkosh in the 2nd quarter worth about $25,000. KRS Capital Management LLC bought a new position in Oshkosh in the 4th quarter worth about $35,000. HHM Wealth Advisors LLC bought a new position in Oshkosh in the 1st quarter worth about $46,000. Finally, Covestor Ltd bought a new stake in shares of Oshkosh during the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 94.89% of the company’s stock.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 15th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Friday, August 12th. Oshkosh’s dividend payout ratio (DPR) is currently 83.62%.

About Oshkosh

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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.

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Earnings History and Estimates for Oshkosh (NYSE:OSK)

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