DA Davidson Comments on Oshkosh’s Q4 Earnings (NYSE:OSK)

Oshkosh Co. (NYSE:OSK) – Analysts at DA Davidson issued their Q4 2024 earnings estimates for Oshkosh in a report issued on Friday, November 1st. DA Davidson analyst M. Shlisky expects that the company will post earnings of $2.22 per share for the quarter. The consensus estimate for Oshkosh’s current full-year earnings is $11.38 per share.

A number of other research analysts have also recently commented on OSK. JPMorgan Chase & Co. increased their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Jefferies Financial Group lowered their target price 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 dropped their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Robert W. Baird reduced their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. 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 research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $123.14.

Oshkosh Trading Up 2.2 %

NYSE:OSK opened at $105.15 on Monday. Oshkosh has a 1 year low of $90.56 and a 1 year high of $127.98. The company has a market cap of $6.84 billion, a P/E ratio of 10.21, a P/E/G ratio of 1.01 and a beta of 1.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The stock’s fifty day moving average price is $102.64 and its two-hundred day moving average price is $107.43.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in Oshkosh in the 3rd quarter valued at $25,000. Headlands Technologies LLC acquired a new position in Oshkosh in the first quarter valued at about $31,000. Bessemer Group Inc. lifted its holdings in shares of Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after acquiring an additional 289 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Oshkosh by 5,563.6% in the second quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after buying an additional 612 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in shares of Oshkosh by 547.6% in the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after purchasing an additional 564 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.46 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.75%. Oshkosh’s payout ratio is 17.86%.

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.