Oshkosh (NYSE:OSK) Announces Earnings Results, Beats Estimates By $0.63 EPS

Oshkosh (NYSE:OSK) released its quarterly earnings results on Thursday. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63, Briefing.com reports. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm earned $1.59 earnings per share. Oshkosh’s revenue was up 12.2% on a year-over-year basis. Oshkosh updated its FY24 guidance to $11.25 EPS and its FY 2024 guidance to 11.250-11.250 EPS.

Oshkosh Trading Down 0.9 %

Shares of Oshkosh stock opened at $117.58 on Friday. The company has a market capitalization of $7.71 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.43. The company has a fifty day moving average of $117.49 and a 200 day moving average of $107.07. Oshkosh has a fifty-two week low of $72.09 and a fifty-two week high of $127.98.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s dividend payout ratio is currently 17.61%.

Analyst Ratings Changes

OSK has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on shares of Oshkosh in a research note on Monday, January 8th. They set an “equal weight” rating and a $102.00 target price for the company. Evercore ISI boosted their price objective on shares of Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. TheStreet upgraded shares of Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Citigroup boosted their price objective on shares of Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, StockNews.com lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.50.

Insider Buying and Selling

In related news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by 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.