Oshkosh (NYSE:OSK) Updates FY 2024 Earnings Guidance

Oshkosh (NYSE:OSK) updated its FY 2024 earnings guidance on Thursday. 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OSK. Morgan Stanley began coverage on shares of Oshkosh in a report on Monday, January 8th. They set an equal weight rating and a $102.00 price target for the company. Truist Financial initiated coverage on shares of Oshkosh in a research report on Thursday, March 14th. They set a hold rating and a $121.00 target price on the stock. DA Davidson upgraded 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 note on Friday, March 1st. TheStreet raised shares of Oshkosh from a c rating to a b- rating in a report on Tuesday, January 30th. Finally, The Goldman Sachs Group increased their target price on shares of Oshkosh from $104.00 to $116.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Oshkosh currently has an average rating of Moderate Buy and a consensus price target of $120.25.

Oshkosh Price Performance

NYSE:OSK traded up $0.41 during trading hours on Thursday, hitting $121.66. The company’s stock had a trading volume of 274,956 shares, compared to its average volume of 488,843. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. The company has a market capitalization of $7.98 billion, a P/E ratio of 13.88, a PEG ratio of 1.53 and a beta of 1.29. Oshkosh has a twelve month low of $72.09 and a twelve month high of $127.98. The stock has a fifty day simple moving average of $117.17 and a 200-day simple moving average of $106.82.

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

Oshkosh Increases Dividend

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

Insider Transactions at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,503,518.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company 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.