Oshkosh (NYSE:OSK) Announces Earnings Results

Key Points

• Oshkosh Corporation reported quarterly earnings of $3.41 per share, exceeding analysts' expectations of $2.98, along with revenue of $2.73 billion, surpassing estimates of $2.67 billion.
• The company revised its FY 2025 guidance to between $11.00 and $11.00 EPS, indicating stability in future earnings.
• Analysts have a consensus rating of "Moderate Buy" on Oshkosh stock, with target prices ranging from $128.00 to $169.00, reflecting positive market sentiment.

Oshkosh (NYSE:OSK - Get Free Report) released its quarterly earnings results on Friday. The company reported $3.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.98 by $0.43, Zacks reports. Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the business earned $3.34 earnings per share. The firm's revenue was down 4.0% compared to the same quarter last year. Oshkosh updated its FY 2025 guidance to 11.000-11.000 EPS.

Oshkosh Price Performance

OSK stock traded up $3.00 during mid-day trading on Friday, reaching $129.53. 1,006,208 shares of the company traded hands, compared to its average volume of 787,806. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. The company has a market capitalization of $8.34 billion, a P/E ratio of 13.84, a P/E/G ratio of 2.02 and a beta of 1.43. Oshkosh has a 52-week low of $76.82 and a 52-week high of $133.86. The company has a fifty day moving average price of $115.39 and a 200-day moving average price of $102.90.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. DA Davidson increased their target price on shares of Oshkosh from $111.00 to $148.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group raised shares of Oshkosh from a "neutral" rating to a "buy" rating and raised their target price for the company from $124.00 to $131.00 in a research note on Tuesday, July 1st. Robert W. Baird lifted their price objective on shares of Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Evercore ISI upped their price objective on shares of Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, UBS Group upped their price objective on shares of Oshkosh from $119.00 to $149.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $129.69.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in Oshkosh by 43.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 225,130 shares of the company's stock valued at $21,180,000 after buying an additional 68,165 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Oshkosh by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 188,191 shares of the company's stock worth $17,705,000 after purchasing an additional 14,122 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Oshkosh during the first quarter worth about $567,000. Hedge funds and other institutional investors own 92.36% 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.

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