Oshkosh Co. (NYSE:OSK) Declares $0.46 Quarterly Dividend

Oshkosh Co. (NYSE:OSK) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 13th will be paid a dividend of 0.46 per share on Tuesday, May 28th. This represents a $1.84 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, May 10th.

Oshkosh has raised its dividend payment by an average of 10.1% per year over the last three years and has raised its dividend every year for the last 2 years. Oshkosh has a payout ratio of 16.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Oshkosh to earn $11.11 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 16.6%.

Oshkosh Trading Down 2.1 %

Shares of NYSE OSK opened at $118.69 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45. The business’s 50 day moving average price is $117.31 and its 200-day moving average price is $106.91. Oshkosh has a fifty-two week low of $72.09 and a fifty-two week high of $127.98. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.54 and a beta of 1.29.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping the consensus estimate of $2.26 by $0.63. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. Oshkosh’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS. On average, sell-side analysts expect that Oshkosh will post 10.33 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on OSK. The Goldman Sachs Group increased their target price on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. UBS Group raised their target price on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Citigroup raised their target price on Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and raised their target price for the stock from $122.00 to $130.00 in a research note on Friday, March 1st. Finally, Wells Fargo & Company lifted their price objective on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.56.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the transaction, the senior vice president now owns 13,499 shares in the company, valued at approximately $1,503,518.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.64% of the stock is owned by company insiders.

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.