Oshkosh (NYSE:OSK) Issues FY 2024 Earnings Guidance

Oshkosh (NYSE:OSK) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 11.250-11.250 for the period, compared to the consensus EPS estimate of 10.360. The company issued revenue guidance of $10.7 billion-$10.7 billion, compared to the consensus revenue estimate of $10.3 billion. Oshkosh also updated its FY24 guidance to $11.25 EPS.

Oshkosh Trading Down 0.9 %

OSK traded down $1.11 on Friday, reaching $117.58. 965,198 shares of the company’s stock were exchanged, compared to its average volume of 507,017. The company’s 50 day moving average is $117.49 and its 200-day moving average is $107.07. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.54 and a beta of 1.29. Oshkosh has a twelve month low of $72.09 and a twelve month high of $127.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the company earned $1.59 earnings per share. Oshkosh’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts predict that Oshkosh will post 10.33 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s payout ratio is currently 20.26%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on OSK shares. The Goldman Sachs Group raised their price objective on Oshkosh from $104.00 to $116.00 and gave the stock a neutral rating in a research note on Wednesday, January 31st. Wells Fargo & Company raised their target price on Oshkosh from $114.00 to $122.00 and gave the company an equal weight rating in a research note on Wednesday, January 31st. TheStreet upgraded Oshkosh from a c rating to a b- rating in a research note on Tuesday, January 30th. Robert W. Baird raised their target price on Oshkosh from $140.00 to $158.00 and gave the company an outperform rating in a research note on Friday. Finally, UBS Group lifted their price objective on shares of Oshkosh from $117.00 to $129.00 and gave the company a buy rating in a research note on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Oshkosh presently has a consensus rating of Moderate Buy and a consensus target price of $123.50.

Insider Buying and Selling

In related news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is currently owned by company insiders.

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.