Oshkosh (NYSE:OSK) Announces Quarterly Earnings Results

Oshkosh (NYSE:OSK) posted its quarterly earnings data on Thursday. The company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.63, Briefing.com reports. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the business earned $1.59 EPS. Oshkosh’s revenue for the quarter was up 12.2% compared to the same quarter last year. Oshkosh updated its FY24 guidance to $11.25 EPS and its FY 2024 guidance to 11.250-11.250 EPS.

Oshkosh Price Performance

Shares of Oshkosh stock traded down $1.16 during trading on Friday, hitting $117.53. The stock had a trading volume of 669,241 shares, compared to its average volume of 503,117. 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 firm has a market cap of $7.71 billion, a P/E ratio of 12.97, a PEG ratio of 1.54 and a beta of 1.29. The business has a fifty day moving average of $117.31 and a two-hundred day moving average of $106.91. Oshkosh has a fifty-two week low of $72.09 and a fifty-two week high of $127.98.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be issued a $0.46 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.57%. Oshkosh’s dividend payout ratio (DPR) is 20.26%.

Analysts Set New Price Targets

OSK has been the subject of a number of research analyst reports. Robert W. Baird boosted their price target on Oshkosh from $140.00 to $158.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. StockNews.com upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Monday, April 8th. Stifel Nicolaus boosted their price target on Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday. Finally, TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Oshkosh has a consensus rating of “Moderate Buy” and an average price target of $123.50.

Insider Activity

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.