Oshkosh (NYSE:OSK) Updates FY24 Earnings Guidance

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

Shares of OSK traded down $1.11 on Friday, reaching $117.58. 965,198 shares of the company’s stock were exchanged, compared to its average volume of 507,017. Oshkosh has a 12 month low of $72.09 and a 12 month high of $127.98. The stock has a market capitalization of $7.71 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $117.49 and a two-hundred day moving average price of $107.07.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Research analysts anticipate that Oshkosh will post 10.33 earnings per share for the current year.

Oshkosh Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on OSK shares. TheStreet upgraded shares of Oshkosh from a c rating to a b- rating in a report on Tuesday, January 30th. StockNews.com raised Oshkosh from a hold rating to a buy rating in a research report on Monday, April 8th. Citigroup lifted their target price on Oshkosh from $115.00 to $130.00 and gave the company a buy rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $120.00 to $130.00 and gave the stock a neutral rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley began coverage on shares of Oshkosh in a research report on Monday, January 8th. They issued an equal weight rating and a $102.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.