Oshkosh (NYSE:OSK) Issues FY 2024 Earnings Guidance

Oshkosh (NYSE:OSK) issued an update on its FY 2024 earnings guidance on Thursday morning. 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 Up 0.3 %

Shares of OSK traded up $0.41 during trading hours on Thursday, hitting $121.66. The company had a trading volume of 274,956 shares, compared to its average volume of 488,843. The firm has a market cap of $7.98 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.53 and a beta of 1.29. The stock’s 50 day moving average price is $117.17 and its 200 day moving average price is $106.82. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. Oshkosh has a 52-week low of $72.09 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the business earned $1.60 EPS. Oshkosh’s revenue was up 12.1% compared to the same quarter last year. On average, research analysts predict that Oshkosh will post 10.33 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a dividend of $0.46 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.51%. Oshkosh’s dividend payout ratio is 20.26%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Oshkosh from $120.00 to $130.00 and gave the stock a neutral rating in a report on Tuesday, April 16th. Truist Financial initiated coverage on Oshkosh in a research report on Thursday, March 14th. They issued a hold rating and a $121.00 price target on the stock. UBS Group boosted their price target on Oshkosh from $117.00 to $129.00 and gave the stock a buy rating in a research report on Friday, February 2nd. StockNews.com raised Oshkosh from a hold rating to a buy rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company boosted their price target on Oshkosh from $114.00 to $122.00 and gave the stock an equal weight rating in a research report on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Oshkosh has a consensus rating of Moderate Buy and a consensus price target of $120.25.

Insider Activity

In other news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction 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 Securities & Exchange Commission, 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.