Equities Analysts Offer Predictions for Oshkosh Co.’s Q2 2024 Earnings (NYSE:OSK)

Oshkosh Co. (NYSE:OSK) – Equities research analysts at DA Davidson issued their Q2 2024 earnings per share estimates for Oshkosh in a research note issued to investors on Monday, April 29th. DA Davidson analyst M. Shlisky forecasts that the company will earn $2.93 per share for the quarter. DA Davidson currently has a “Buy” rating and a $130.00 target price on the stock. The consensus estimate for Oshkosh’s current full-year earnings is $11.11 per share. DA Davidson also issued estimates for Oshkosh’s FY2024 earnings at $11.27 EPS and FY2025 earnings at $12.79 EPS.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.59 earnings per share.

Several other analysts have also commented on the company. Evercore ISI raised their target price on Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Truist Financial raised their target price on Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a report on Friday, April 26th. TheStreet raised Oshkosh from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. The Goldman Sachs Group raised their target price on Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Finally, UBS Group raised their target price on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $123.50.

Oshkosh Stock Up 0.5 %

Shares of OSK stock opened at $112.81 on Tuesday. The stock’s 50-day simple moving average is $117.76 and its 200-day simple moving average is $107.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.43. The firm has a market capitalization of $7.38 billion, a PE ratio of 10.80, a P/E/G ratio of 1.25 and a beta of 1.29. Oshkosh has a fifty-two week low of $72.09 and a fifty-two week high of $127.98.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.84 annualized dividend and a dividend yield of 1.63%. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

Insider Activity

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 stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now owns 13,499 shares in the company, valued at $1,503,518.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently added to or reduced their stakes in OSK. SG Americas Securities LLC purchased a new position in Oshkosh during the third quarter worth approximately $1,325,000. Commonwealth Equity Services LLC increased its stake in Oshkosh by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 28,652 shares of the company’s stock worth $2,734,000 after acquiring an additional 2,226 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in Oshkosh during the third quarter worth $191,000. Arlington Partners LLC increased its stake in Oshkosh by 36.5% during the third quarter. Arlington Partners LLC now owns 934 shares of the company’s stock worth $89,000 after acquiring an additional 250 shares during the last quarter. Finally, Baker Ellis Asset Management LLC increased its stake in Oshkosh by 37.1% during the third quarter. Baker Ellis Asset Management LLC now owns 6,103 shares of the company’s stock worth $582,000 after acquiring an additional 1,650 shares during the last quarter. 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.