Oshkosh (NYSE:OSK) Releases FY 2022 Earnings Guidance

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

A number of brokerages have recently weighed in on OSK. Wells Fargo & Company dropped their price objective on Oshkosh from $117.00 to $104.00 in a research note on Thursday, April 28th. Zacks Investment Research downgraded Oshkosh from a hold rating to a strong sell rating and set a $79.00 price target for the company. in a report on Monday, May 2nd. StockNews.com began coverage on Oshkosh in a report on Thursday, March 31st. They issued a hold rating for the company. Bank of America cut Oshkosh from a neutral rating to an underperform rating and dropped their price target for the company from $103.00 to $92.00 in a research report on Friday, May 13th. Finally, Raymond James dropped their target price on Oshkosh from $135.00 to $120.00 and set an outperform rating on the stock in a research report on Tuesday, April 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $114.29.

NYSE OSK traded up $2.34 during trading hours on Wednesday, hitting $91.33. The company had a trading volume of 5,731 shares, compared to its average volume of 662,364. Oshkosh has a fifty-two week low of $85.39 and a fifty-two week high of $133.98. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 0.58 and a beta of 1.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.76 and a quick ratio of 1.13. The firm’s 50 day moving average is $97.29 and its 200 day moving average is $107.46.

Oshkosh (NYSE:OSKGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.07. Oshkosh had a return on equity of 7.63% and a net margin of 3.84%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm earned $1.48 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Oshkosh will post 5.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 13th will be paid 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 dividend yield of 1.62%. Oshkosh’s dividend payout ratio is presently 33.41%.

Hedge funds have recently modified their holdings of the company. Ergoteles LLC bought a new position in shares of Oshkosh during the first quarter worth about $567,000. Point72 Hong Kong Ltd bought a new position in Oshkosh in the first quarter worth about $456,000. Pearl River Capital LLC lifted its holdings in Oshkosh by 74.4% in the first quarter. Pearl River Capital LLC now owns 4,457 shares of the company’s stock worth $449,000 after acquiring an additional 1,902 shares during the last quarter. Virtu Financial LLC bought a new position in Oshkosh in the first quarter worth about $446,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Oshkosh in the first quarter worth about $429,000. 94.89% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for Oshkosh (NYSE:OSK)

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