Analysts Set Expectations for Oshkosh Co.'s Q2 2024 Earnings (NYSE:OSK)

Oshkosh Co. (NYSE:OSK - Free Report) - Analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Oshkosh in a research report issued to clients and investors on Monday, April 29th. DA Davidson analyst M. Shlisky expects that the company will post earnings per share of $2.93 for the quarter. DA Davidson currently has a "Buy" rating and a $130.00 price target on the stock. The consensus estimate for Oshkosh's current full-year earnings is $11.31 per share. DA Davidson also issued estimates for Oshkosh's FY2024 earnings at $11.27 EPS and FY2025 earnings at $12.79 EPS.

Several other research analysts also recently commented on OSK. Stifel Nicolaus lifted their target price on Oshkosh from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Friday. The Goldman Sachs Group boosted their target price on Oshkosh from $104.00 to $116.00 and gave the company a "neutral" rating in a research report on Wednesday, January 31st. Morgan Stanley assumed coverage on Oshkosh in a research report on Monday, January 8th. They issued an "equal weight" rating and a $102.00 target price for the company. TheStreet raised Oshkosh from a "c" rating to a "b-" rating in a research report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Oshkosh from $120.00 to $130.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Oshkosh presently has an average rating of "Moderate Buy" and a consensus target price of $123.50.

Oshkosh Trading Down 4.7 %

OSK traded down $5.57 during midday trading on Tuesday, hitting $112.27. 793,914 shares of the company were exchanged, compared to its average volume of 510,569. The firm has a market capitalization of $7.34 billion, a P/E ratio of 10.74, a P/E/G ratio of 1.37 and a beta of 1.29. Oshkosh has a 1-year low of $72.09 and a 1-year high of $127.98. The firm's 50 day moving average price is $117.68 and its 200-day moving average price is $107.41. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 EPS.

Hedge Funds Weigh In On Oshkosh

Several institutional investors have recently bought and sold shares of OSK. Atlas Capital Advisors LLC lifted its position in shares of Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company's stock worth $28,000 after acquiring an additional 139 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of Oshkosh during the third quarter worth $32,000. Rise Advisors LLC lifted its position in shares of Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company's stock worth $33,000 after acquiring an additional 181 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Oshkosh by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company's stock worth $34,000 after acquiring an additional 111 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Oshkosh during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 92.36% of the company's stock.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now owns 13,499 shares in the company, valued at $1,503,518.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.58% of the stock is owned by company insiders.

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 $0.46 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.84 annualized dividend and a yield of 1.64%. Oshkosh's payout ratio is 17.61%.

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.