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.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Oshkosh from $114.00 to $122.00 and gave the stock an equal weight rating in a research note on Wednesday, January 31st. Morgan Stanley started coverage on shares of Oshkosh in a research note on Monday, January 8th. They set an equal weight rating and a $102.00 price objective for the company. Evercore ISI lifted their price objective on shares of Oshkosh from $122.00 to $124.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. Citigroup lifted their price objective on shares of Oshkosh from $115.00 to $130.00 and gave the company a buy rating in a research note on Wednesday, January 31st. 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. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Oshkosh has an average rating of Moderate Buy and a consensus target price of $123.50.

Oshkosh Price Performance

NYSE OSK traded down $1.11 on Friday, hitting $117.58. The company had a trading volume of 965,198 shares, compared to its average volume of 507,017. The company has a market capitalization of $7.71 billion, a PE ratio of 12.95, a PEG ratio of 1.54 and a beta of 1.29. The company’s fifty day moving average price is $117.49 and its 200-day moving average price is $107.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. Oshkosh has a 12-month low of $72.09 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK) last issued 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. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 EPS. As a group, analysts predict that Oshkosh will post 10.33 earnings per share for the current year.

Oshkosh Announces Dividend

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

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the sale, 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 filing with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by corporate 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.