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 brokerages have recently weighed in on OSK. UBS Group upped their price target on shares of Oshkosh from $117.00 to $129.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Evercore ISI upped their price target on shares of Oshkosh from $122.00 to $124.00 and gave the stock an outperform rating in a research note on Tuesday, February 20th. StockNews.com lowered shares of Oshkosh from a buy rating to a hold rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Oshkosh from $120.00 to $130.00 and gave the stock a neutral rating in a research note on Tuesday, April 16th. Finally, TheStreet upgraded shares of Oshkosh from a c rating to a b- rating in a report on Tuesday, January 30th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oshkosh presently has a consensus rating of Moderate Buy and an average target price of $123.50.

Oshkosh Stock Performance

NYSE OSK traded down $1.03 during midday trading on Friday, hitting $117.66. The company had a trading volume of 965,211 shares, compared to its average volume of 410,834. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.39 and a beta of 1.29. The firm has a fifty day simple moving average of $117.49 and a two-hundred day simple moving average of $107.07. Oshkosh has a fifty-two week low of $72.09 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period last year, the firm earned $1.59 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts forecast that Oshkosh will post 11.25 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s dividend payout ratio is 17.61%.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the company’s 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 directly owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

About Oshkosh

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.