Oshkosh (OSK) Set to Announce Quarterly Earnings on Thursday

Oshkosh (NYSE:OSK) is scheduled to issue its quarterly earnings data 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.Parties interested in registering for the company’s conference call can do so using this link.

Oshkosh (NYSE:OSK) last released its earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The firm’s quarterly 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 Performance

NYSE OSK opened at $118.62 on Thursday. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $116.37 and its two-hundred day moving average is $105.89. Oshkosh has a 12-month low of $72.09 and a 12-month high of $127.98. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.53 and a beta of 1.29.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were given a dividend of $0.46 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, February 14th. This represents a $1.84 annualized dividend and a yield of 1.55%. Oshkosh’s payout ratio is presently 20.26%.

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 sale, the senior vice president now owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.58% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OSK. Money Concepts Capital Corp lifted its stake 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 purchasing an additional 299 shares during the period. Belpointe Asset Management LLC lifted its stake 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 purchasing an additional 267 shares during the period. Coppell Advisory Solutions LLC purchased a new position in shares of Oshkosh during the 2nd quarter worth $48,000. Lazard Asset Management LLC purchased a new position in shares of Oshkosh during the 3rd quarter worth $80,000. Finally, Advisory Services Network LLC purchased a new position in shares of Oshkosh during the 4th quarter worth $84,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Wall Street Analysts Forecast Growth

OSK has been the topic of several recent analyst reports. Truist Financial initiated coverage on Oshkosh in a research report on Thursday, March 14th. They set a “hold” rating and a $121.00 target price on the stock. Citigroup boosted their price target on Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company boosted their price target on Oshkosh from $114.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Evercore ISI boosted their price target on Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group boosted their price target on Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and an average target price of $120.25.

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.