Oshkosh (NYSE:OSK – Get Rating) issued an update on its FY23 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.50 for the period, compared to the consensus EPS estimate of $6.55. The company issued revenue guidance of $8.4 billion, compared to the consensus revenue estimate of $8.60 billion.
Oshkosh Stock Down 1.5 %
OSK stock opened at $100.46 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.81 and a quick ratio of 1.08. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 73.33, a PEG ratio of 0.88 and a beta of 1.36. Oshkosh has a fifty-two week low of $69.30 and a fifty-two week high of $117.98. The business's fifty day moving average price is $90.99 and its two-hundred day moving average price is $85.39.
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Analyst Upgrades and Downgrades
Several research firms recently weighed in on OSK. The Goldman Sachs Group raised their price objective on Oshkosh from $89.00 to $98.00 and gave the company a buy rating in a report on Thursday, December 15th. StockNews.com downgraded Oshkosh from a buy rating to a hold rating in a report on Thursday, November 24th. Morgan Stanley increased their price target on shares of Oshkosh from $98.00 to $114.00 and gave the company an overweight rating in a research report on Wednesday, December 14th. Wells Fargo & Company increased their target price on Oshkosh from $90.00 to $93.00 and gave the stock an equal weight rating in a research report on Tuesday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Oshkosh from $95.00 to $103.00 in a research report on Monday, December 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $101.29.
Hedge Funds Weigh In On Oshkosh
Several hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC bought a new stake in Oshkosh in the 1st quarter valued at $404,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Oshkosh by 5.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,410 shares of the company's stock valued at $2,457,000 after purchasing an additional 1,322 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Oshkosh in the 1st quarter worth $222,000. Ergoteles LLC bought a new stake in shares of Oshkosh in the 1st quarter worth about $567,000. Finally, Pearl River Capital LLC raised its position in shares of Oshkosh by 74.4% during the 1st quarter. Pearl River Capital LLC now owns 4,457 shares of the company's stock valued at $449,000 after buying an additional 1,902 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.
Oshkosh Company Profile
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Oshkosh Corp. engages in the design, manufacture, and marketing of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.
Further Reading
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