Oshkosh (NYSE:OSK) Releases FY24 Earnings Guidance

Oshkosh (NYSE:OSK) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $11.25 for the period, compared to the consensus estimate of $10.37. The company issued revenue guidance of $10.7 billion, compared to the consensus revenue estimate of $10.29 billion. Oshkosh also updated its FY 2024 guidance to 11.250-11.250 EPS.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. TheStreet raised shares of Oshkosh from a c rating to a b- rating in a research report on Tuesday, January 30th. StockNews.com raised Oshkosh from a hold rating to a buy rating in a research report on Monday, April 8th. UBS Group raised their price objective on Oshkosh from $117.00 to $129.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Truist Financial upped their target price on Oshkosh from $121.00 to $132.00 and gave the company a hold rating in a research report on Friday. Finally, Citigroup raised their price target on Oshkosh from $115.00 to $130.00 and gave the stock a buy rating in a report on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $123.50.

Oshkosh Trading Down 0.9 %

Shares of NYSE OSK traded down $1.11 during trading on Friday, reaching $117.58. The stock had a trading volume of 965,198 shares, compared to its average volume of 507,017. The business’s 50-day moving average price is $117.49 and its 200-day moving average price is $107.07. Oshkosh has a fifty-two week low of $72.09 and a fifty-two week 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. The company has a market cap of $7.71 billion, a P/E ratio of 12.95, a PEG ratio of 1.54 and a beta of 1.29.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping 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 business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Oshkosh will post 10.33 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s dividend payout ratio (DPR) is presently 20.26%.

Insider Transactions at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now directly owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

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.