Oshkosh (NYSE:OSK) Posts Earnings Results, Beats Expectations By $0.63 EPS

Oshkosh (NYSE:OSK) posted its earnings results on Thursday. The company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63, Briefing.com reports. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $1.59 EPS. The business’s quarterly 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 Stock Down 0.5 %

Shares of NYSE OSK traded down $0.62 during trading hours on Friday, hitting $118.07. 533,939 shares of the stock were exchanged, compared to its average volume of 501,271. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The company has a market cap of $7.74 billion, a PE ratio of 12.97, a PEG ratio of 1.54 and a beta of 1.29. The firm has a fifty day moving average price of $117.31 and a 200-day moving average price of $106.91. Oshkosh has a 12 month low of $72.09 and a 12 month high of $127.98.

Oshkosh Dividend Announcement

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 paid a dividend of $0.46 per share. The ex-dividend date is Friday, May 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. Oshkosh’s dividend payout ratio (DPR) is presently 20.26%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Oshkosh from $114.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. StockNews.com raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. Morgan Stanley started 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 for the company. DA Davidson raised shares of Oshkosh from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $122.00 to $130.00 in a research report on Friday, March 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Friday. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.50.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the transaction, 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 the SEC website. 0.64% of the stock is currently owned by company 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.