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

Oshkosh (NYSE:OSK) announced its quarterly earnings data on Thursday. The company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.63, Briefing.com reports. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $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 Down 0.9 %

OSK stock opened at $117.58 on Friday. Oshkosh has a twelve month low of $72.09 and a twelve month high of $127.98. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $7.71 billion, a P/E ratio of 11.25, a PEG ratio of 1.39 and a beta of 1.29. The firm has a 50 day simple moving average of $117.49 and a 200-day simple moving average of $107.07.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s payout ratio is currently 17.61%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OSK. Evercore ISI increased 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. UBS Group raised their price target on shares of Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Morgan Stanley initiated coverage on shares of Oshkosh in a report on Monday, January 8th. They issued an “equal weight” rating and a $102.00 price target on the stock. Truist Financial raised their price target on shares of Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a report on Friday. Finally, Stifel Nicolaus raised their price target on shares of Oshkosh from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $123.50.

Insider Transactions at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 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.