Oshkosh (OSK) Scheduled to Post Earnings on Thursday

Oshkosh (NYSE:OSK) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Oshkosh to post earnings of $2.26 per share for the quarter. Oshkosh has set its FY guidance at $10.25 EPS and its FY 2024 guidance at 10.250-10.250 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Oshkosh (NYSE:OSK) last issued its earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.32. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.60 EPS. On average, analysts expect Oshkosh to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Oshkosh Trading Up 0.7 %

Shares of Oshkosh stock opened at $120.43 on Wednesday. The stock has a market cap of $7.90 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.50 and a beta of 1.29. The stock’s 50 day simple moving average is $116.96 and its 200-day simple moving average is $106.72. Oshkosh has a 1-year low of $72.09 and a 1-year high of $127.98. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.46 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. This represents a $1.84 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Wednesday, February 14th. Oshkosh’s payout ratio is currently 20.26%.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the company’s 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 transaction, the senior vice president now directly owns 13,499 shares in the company, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OSK shares. Truist Financial started coverage on Oshkosh in a report on Thursday, March 14th. They set a “hold” rating and a $121.00 target price on the stock. Wells Fargo & Company upped their price objective on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upped their price objective on Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and upped their price objective for the company from $122.00 to $130.00 in a report on Friday, March 1st. Finally, The Goldman Sachs Group upped their price objective on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Six research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.25.

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.