Oshkosh (OSK) Set to Announce Quarterly Earnings on Thursday

Oshkosh (NYSE:OSK) is scheduled 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 are interested in registering for the company’s conference call can do so using this link.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results 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 net margin of 6.19% and a return on equity of 18.75%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The business’s revenue for the quarter 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 1.2 %

NYSE:OSK opened at $118.62 on Thursday. Oshkosh has a 1-year low of $72.09 and a 1-year high of $127.98. The company has a 50-day moving average of $116.37 and a 200 day moving average of $105.89. The firm has a market cap of $7.78 billion, a PE ratio of 13.06, a price-to-earnings-growth 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a $0.46 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.41. This represents a $1.84 dividend on an annualized basis and a yield of 1.55%. Oshkosh’s dividend payout ratio is 20.26%.

Insider Buying and Selling

In other news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the sale, the senior vice president now 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 available through the SEC website. 0.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Oshkosh

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC acquired a new stake in Oshkosh in the 1st quarter valued at $404,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Oshkosh by 5.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,410 shares of the company’s stock valued at $2,457,000 after acquiring an additional 1,322 shares during the period. Cetera Investment Advisers acquired a new stake in Oshkosh in the 1st quarter valued at $222,000. Ergoteles LLC acquired a new stake in Oshkosh in the 1st quarter valued at $567,000. Finally, Pearl River Capital LLC grew its stake in Oshkosh by 74.4% in the 1st quarter. Pearl River Capital LLC now owns 4,457 shares of the company’s stock valued at $449,000 after acquiring an additional 1,902 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. 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 research report on Wednesday, January 31st. Morgan Stanley initiated coverage on shares of Oshkosh in a research report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price target for the company. TheStreet raised shares of Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, Truist Financial initiated coverage on shares of Oshkosh in a research report on Thursday, March 14th. They set a “hold” rating and a $121.00 price target for the company. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.