Citi has revised its price target for Oshkosh (OSK, Financial), increasing it from $125 to $130 while maintaining a Buy rating on the stock. This adjustment reflects the firm’s updated perspective in light of the present market conditions. Citi's move signals continued confidence in Oshkosh's performance in the machinery sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Oshkosh Corp (OSK, Financial) is $122.05 with a high estimate of $169.00 and a low estimate of $91.00. The average target implies an upside of 12.31% from the current price of $108.67. More detailed estimate data can be found on the Oshkosh Corp (OSK) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Oshkosh Corp's (OSK, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Oshkosh Corp (OSK, Financial) in one year is $114.00, suggesting a upside of 4.9% from the current price of $108.67. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Oshkosh Corp (OSK) Summary page.
OSK Key Business Developments
Release Date: April 30, 2025
- Revenue: $2.3 billion for the first quarter.
- Adjusted Operating Income Margin: 8.3%.
- Adjusted Earnings Per Share (EPS): $1.92.
- Access Segment Adjusted Operating Margin: 11.3%.
- Vocational Segment Revenue Growth: 12% year-over-year.
- Vocational Segment Adjusted Operating Income Margin: Nearly 15%.
- Backlog: $1.8 billion for Access segment; $6.3 billion for Vocational segment.
- Free Cash Flow: Net use of cash of $435 million due to seasonal working capital needs.
- Share Repurchases: Nearly 290,000 shares for $29 million.
- Term Loan: New $500 million 24-month term loan.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Oshkosh Corp (OSK, Financial) reported strong performance in its vocational segment with a 12% year-over-year revenue growth and a robust adjusted operating income margin of nearly 15%.
- The company maintained a healthy backlog of $1.8 billion in its Access segment, indicating strong future demand.
- Oshkosh Corp (OSK) successfully mitigated European tariffs by relocating production from China to Italy, showcasing its agility in managing supply chain challenges.
- The Defense segment is on track to ramp up NGDV production to full rate by year-end, promising strong revenue growth in the latter half of 2025.
- The company continues to innovate with new product launches, such as the micro-sized ES1930M Scissor Lift and advanced technologies like the ClearSky Smart Fleet.
Negative Points
- Oshkosh Corp (OSK) faces a potential $1 per share impact from tariffs, which could affect its full-year earnings guidance.
- The Access segment experienced a decrease in sales due to softer market conditions in North America.
- The company reported a decrease in consolidated sales by 9% from the same quarter last year, primarily due to lower sales volume in the Access segment.
- Higher operating expenses and increased new product development spending negatively impacted adjusted operating income.
- The Defense segment experienced lower volume and higher cumulative catch-up adjustments, affecting its performance in the first quarter.
