Oshkosh (NYSE:OSK) Releases FY24 Earnings Guidance

Oshkosh (NYSE:OSK) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $11.25 for the period, compared to the consensus earnings per share 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 Stock Down 0.9 %

NYSE:OSK traded down $1.11 during trading hours on Friday, hitting $117.58. The stock had a trading volume of 965,198 shares, compared to its average volume of 507,017. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh has a 1-year low of $72.09 and a 1-year high of $127.98. The business has a 50 day simple moving average of $117.49 and a two-hundred day simple moving average of $107.07. The company has a market cap of $7.71 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the company earned $1.59 earnings per share. Oshkosh’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts predict that Oshkosh will post 10.33 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, May 10th. Oshkosh’s dividend payout ratio (DPR) is 20.26%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OSK shares. The Goldman Sachs Group increased their target price on Oshkosh from $104.00 to $116.00 and gave the company a neutral rating in a research note on Wednesday, January 31st. Robert W. Baird increased their target price on Oshkosh from $140.00 to $158.00 and gave the company an outperform rating in a research note on Friday. DA Davidson upgraded Oshkosh from a neutral rating to a buy rating and increased their target price for the company from $122.00 to $130.00 in a research note on Friday, March 1st. TheStreet upgraded Oshkosh from a c rating to a b- rating in a research note on Tuesday, January 30th. Finally, Citigroup raised their price objective on Oshkosh from $115.00 to $130.00 and gave the stock a buy rating in a research note on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $123.50.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,234 shares of the firm’s 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 $1,503,518.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is owned by corporate insiders.

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.