Oshkosh (OSK) Set to Announce Earnings on Thursday

Oshkosh (NYSE:OSK) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the firm earned $1.60 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts expect Oshkosh to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Oshkosh Price Performance

Shares of OSK opened at $119.59 on Tuesday. Oshkosh has a 12-month low of $72.09 and a 12-month high of $127.98. The business has a 50-day simple moving average of $116.71 and a two-hundred day simple moving average of $106.52. 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 stock has a market cap of $7.84 billion, a PE ratio of 13.17, a PEG ratio of 1.50 and a beta of 1.29.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Wednesday, February 14th. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s dividend payout ratio is presently 20.26%.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of the business’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 sale, the senior vice president now directly 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 the SEC website. 0.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OSK shares. Citigroup upped their target price on Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Company raised their price objective on Oshkosh from $114.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Truist Financial assumed coverage on Oshkosh in a research report on Thursday, March 14th. They set a “hold” rating and a $121.00 price objective for the company. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, Morgan Stanley assumed coverage on Oshkosh in a research report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price objective for the company. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Oshkosh currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.25.

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.