Oshkosh (NYSE:OSK) Issues FY24 Earnings Guidance

Oshkosh (NYSE:OSK) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $11.25 for the period, compared to the consensus EPS 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.

Oshkosh Price Performance

Shares of NYSE:OSK traded down $1.03 during trading on Friday, reaching $117.66. The company had a trading volume of 965,211 shares, compared to its average volume of 410,834. The firm’s fifty day moving average is $117.49 and its 200 day moving average is $107.16. The firm has a market capitalization of $7.72 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. Oshkosh has a twelve month low of $72.09 and a twelve month 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 1.43.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 earnings per share. On average, equities analysts forecast that Oshkosh will post 11.31 EPS for the current year.

Oshkosh Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OSK. TheStreet raised Oshkosh from a c rating to a b- rating in a research report on Tuesday, January 30th. Robert W. Baird boosted their target price on Oshkosh from $140.00 to $158.00 and gave the stock an outperform rating in a report on Friday. UBS Group upped their price objective on Oshkosh from $117.00 to $129.00 and gave the stock a buy rating in a report on Friday, February 2nd. Truist Financial upped their price objective on Oshkosh from $121.00 to $132.00 and gave the stock a hold rating in a report on Friday. Finally, Wells Fargo & Company increased their price target on Oshkosh from $114.00 to $122.00 and gave the company an equal weight rating in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $123.50.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 13,499 shares in the company, valued at approximately $1,503,518.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.