Oshkosh (OSK) Scheduled to Post Earnings on Thursday

Oshkosh (NYSE:OSK - Get Free Report) will 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.Individual that are interested in registering for the company's earnings conference call can do so using this link.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 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 firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. On average, analysts expect Oshkosh to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Oshkosh Stock Down 0.8 %

NYSE:OSK traded down $0.96 during mid-day trading on Thursday, reaching $117.65. The stock had a trading volume of 373,977 shares, compared to its average volume of 496,185. The business's 50 day moving average is $116.37 and its 200 day moving average is $105.89. Oshkosh has a fifty-two week low of $72.09 and a fifty-two week high of $127.98. The stock has a market cap of $7.72 billion, a P/E ratio of 13.18, a PEG ratio of 1.53 and a beta of 1.29. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a $0.46 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.56%. This is an increase from Oshkosh's previous quarterly dividend of $0.41. Oshkosh's dividend payout ratio is currently 20.26%.

Insider Buying and Selling at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.64% of the company's stock.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Money Concepts Capital Corp grew its position in shares of Oshkosh by 1,359.1% during the 4th quarter. Money Concepts Capital Corp now owns 321 shares of the company's stock worth $28,000 after buying an additional 299 shares during the period. Belpointe Asset Management LLC grew its position in shares of Oshkosh by 108.5% during the 1st quarter. Belpointe Asset Management LLC now owns 513 shares of the company's stock worth $43,000 after buying an additional 267 shares during the period. Coppell Advisory Solutions LLC acquired a new position in shares of Oshkosh during the 2nd quarter worth about $48,000. Lazard Asset Management LLC acquired a new position in shares of Oshkosh during the 3rd quarter worth about $80,000. Finally, Advisory Services Network LLC acquired a new position in shares of Oshkosh during the 4th quarter worth about $84,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OSK. TheStreet upgraded Oshkosh from a "c" rating to a "b-" rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. increased their price objective on Oshkosh from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Tuesday. Morgan Stanley assumed coverage on Oshkosh in a research report on Monday, January 8th. They issued an "equal weight" rating and a $102.00 price objective for the company. UBS Group increased their price objective on Oshkosh from $117.00 to $129.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company increased their price objective on Oshkosh from $114.00 to $122.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 31st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Oshkosh has a consensus rating of "Moderate Buy" and a consensus target price 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.