Oshkosh (NYSE:OSK) Updates FY 2024 Earnings Guidance

Oshkosh (NYSE:OSK) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 11.250-11.250 for the period, compared to the consensus earnings per share 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 Stock Down 0.9 %

OSK traded down $1.03 during trading hours on Friday, hitting $117.66. 965,211 shares of the company’s stock were exchanged, compared to its average volume of 410,834. Oshkosh has a 1-year low of $72.09 and a 1-year high of $127.98. The stock’s 50-day moving average is $117.49 and its two-hundred day moving average is $107.07. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.39 and a beta of 1.29. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK) last announced its 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 business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.59 earnings per share. Sell-side analysts predict that Oshkosh will post 11.25 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, May 10th. Oshkosh’s dividend payout ratio is currently 17.61%.

Analyst Ratings Changes

A number of analysts have commented on OSK shares. Morgan Stanley started coverage on shares of Oshkosh in a research note on Monday, January 8th. They issued an equal weight rating and a $102.00 price target for the company. Wells Fargo & Company increased their price objective on shares of Oshkosh from $114.00 to $122.00 and gave the company an equal weight rating in a research report on Wednesday, January 31st. Robert W. Baird increased their price objective on shares of Oshkosh from $140.00 to $158.00 and gave the company an outperform rating in a research report on Friday. TheStreet raised shares of Oshkosh from a c rating to a b- rating in a research report on Tuesday, January 30th. Finally, DA Davidson raised shares of Oshkosh from a neutral rating to a buy rating and increased their price objective for the company from $122.00 to $130.00 in a research report on Friday, March 1st. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $123.50.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.