Oshkosh Corp (NYSE:OSK) declared a quarterly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Monday, August 19th will be given a dividend of 0.27 per share on Tuesday, September 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Friday, August 16th.
Oshkosh has increased its dividend payment by an average of 13.3% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Oshkosh has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Oshkosh to earn $8.00 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 13.5%.
NYSE OSK opened at $72.48 on Wednesday. The company’s fifty day moving average price is $81.33. The company has a market cap of $4.96 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.79 and a beta of 1.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.19. Oshkosh has a 1-year low of $51.42 and a 1-year high of $86.45.
Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, August 1st. The company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.35. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Oshkosh had a return on equity of 22.70% and a net margin of 7.04%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.20 EPS. As a group, analysts expect that Oshkosh will post 8.05 EPS for the current fiscal year.
OSK has been the topic of several research analyst reports. Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Thursday, July 11th. JPMorgan Chase & Co. cut Oshkosh from an “overweight” rating to a “neutral” rating and increased their price target for the company from $80.00 to $85.00 in a report on Wednesday, May 1st. UBS Group started coverage on Oshkosh in a report on Tuesday, April 23rd. They set a “neutral” rating and a $85.00 price target on the stock. ValuEngine cut Oshkosh from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Evercore ISI raised Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 target price on the stock in a report on Thursday, August 1st. Four analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $82.55.
In other Oshkosh news, VP James W. Johnson sold 11,029 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $76.05, for a total value of $838,755.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.
Oshkosh Company Profile
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.
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