Oshkosh (NYSE:OSK) Issues Earnings Results

Oshkosh (NYSE:OSK) issued its earnings results on Thursday. The company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.26 by $0.63, Briefing.com reports. The company had revenue of $2.54 billion for 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 period in the previous year, the firm earned $1.59 EPS. Oshkosh updated its FY24 guidance to $11.25 EPS and its FY 2024 guidance to 11.250-11.250 EPS.

Oshkosh Stock Performance

Oshkosh stock traded down $1.17 during mid-day trading on Friday, reaching $117.52. The company’s stock had a trading volume of 855,133 shares, compared to its average volume of 503,858. The business has a 50 day moving average price of $117.31 and a 200-day moving average price of $106.91. 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 twelve month low of $72.09 and a twelve month high of $127.98. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.54 and a beta of 1.29.

Oshkosh Dividend Announcement

The company also recently declared 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. This represents a $1.84 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, May 10th. Oshkosh’s dividend payout ratio is currently 20.26%.

Analyst Ratings Changes

A number of brokerages have issued reports on OSK. Morgan Stanley began coverage on shares of Oshkosh in a report on Monday, January 8th. They issued an “equal weight” rating and a $102.00 target price for the company. DA Davidson raised Oshkosh from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $122.00 to $130.00 in a report on Friday, March 1st. Wells Fargo & Company upped their target price on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. UBS Group lifted their price target on Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, The Goldman Sachs Group increased their price objective 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently 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 Oshkosh 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 sale, the senior vice president now owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.