Oshkosh (NYSE:OSK) Issues FY 2024 Earnings Guidance

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OSK shares. The Goldman Sachs Group lifted their price objective on Oshkosh from $104.00 to $116.00 and gave the stock a neutral rating in a research note on Wednesday, January 31st. Robert W. Baird lifted their price objective on Oshkosh from $140.00 to $158.00 and gave the stock an outperform rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $120.00 to $130.00 and gave the stock a neutral rating in a research note on Tuesday, April 16th. Evercore ISI lifted their price objective on Oshkosh from $122.00 to $124.00 and gave the stock an outperform rating in a research note on Tuesday, February 20th. Finally, Morgan Stanley started coverage on Oshkosh in a research note on Monday, January 8th. They issued an equal weight rating and a $102.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $123.50.

Oshkosh Trading Down 0.9 %

Shares of Oshkosh stock traded down $1.11 during trading on Friday, hitting $117.58. The stock had a trading volume of 965,198 shares, compared to its average volume of 507,017. The firm’s fifty day simple moving average is $117.49 and its 200-day simple moving average is $107.07. The stock has a market cap of $7.71 billion, a PE ratio of 12.95, a PEG ratio of 1.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. Oshkosh has a 12 month low of $72.09 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK) last released its 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 during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $1.59 EPS. As a group, sell-side analysts expect that Oshkosh will post 10.33 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued 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 20.26%.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction dated 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 Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by company insiders.

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.