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

Oshkosh (NYSE:OSK - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $2.89 EPS for the quarter, beating 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 analysts' expectations of $2.49 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. The business's revenue for the quarter 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 Price Performance

Shares of NYSE:OSK traded down $1.11 on Friday, reaching $117.58. The company's stock had a trading volume of 965,198 shares, compared to its average volume of 507,017. Oshkosh has a 52-week low of $72.09 and a 52-week high of $127.98. The company has a market cap of $7.71 billion, a P/E ratio of 12.95, a PEG ratio of 1.54 and a beta of 1.29. The company has a 50-day simple moving average of $117.49 and a 200 day simple moving average of $107.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.56%. Oshkosh's payout ratio is currently 20.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on OSK shares. TheStreet upgraded shares of Oshkosh from a "c" rating to a "b-" rating in a report on Tuesday, January 30th. Wells Fargo & Company increased their price target on shares of Oshkosh from $114.00 to $122.00 and gave the company an "equal weight" rating in a report on Wednesday, January 31st. Truist Financial increased 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. Evercore ISI raised their target price on shares of Oshkosh from $122.00 to $124.00 and gave the stock an "outperform" rating in a report on Tuesday, February 20th. Finally, StockNews.com upgraded shares of Oshkosh from a "hold" rating to a "buy" rating in a report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Oshkosh currently has an average rating of "Moderate Buy" and a consensus price target of $123.50.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the transaction, the senior vice president now directly owns 13,499 shares of the company's stock, valued at approximately $1,503,518.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company's stock.

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.