Oshkosh Corp (NYSE:OSK) announced a quarterly dividend on Thursday, November 1st, RTT News reports. Investors of record on Monday, November 19th will be paid a dividend of 0.27 per share on Monday, December 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, November 16th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.24.
Oshkosh has raised its dividend by an average of 12.0% per year over the last three years and has increased its dividend every year for the last 3 years. Oshkosh has a payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Oshkosh to earn $6.46 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 16.7%.
Shares of Oshkosh stock opened at $68.16 on Friday. The firm has a market cap of $3.96 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 0.46 and a beta of 1.48. Oshkosh has a 12 month low of $51.42 and a 12 month high of $100.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.88.
Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, November 1st. The company reported $1.80 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.35. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.98 billion. Oshkosh had a return on equity of 19.19% and a net margin of 5.44%. Oshkosh’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $1.38 earnings per share. Research analysts anticipate that Oshkosh will post 6.03 EPS for the current year.
In other Oshkosh news, VP David M. Sagehorn sold 45,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $75.40, for a total value of $3,393,000.00. Following the sale, the vice president now directly owns 179,097 shares in the company, valued at $13,503,913.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.
A number of analysts recently commented on OSK shares. Longbow Research started coverage on Oshkosh in a report on Friday, July 13th. They set a “buy” rating and a $88.00 price target on the stock. Zacks Investment Research upgraded Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Sunday, July 15th. KeyCorp dropped their price target on Oshkosh from $104.00 to $88.00 and set an “overweight” rating on the stock in a report on Wednesday, August 1st. Stifel Nicolaus lowered their target price on Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $98.00 target price on shares of Oshkosh in a research note on Wednesday, August 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Oshkosh currently has an average rating of “Hold” and a consensus price target of $87.92.
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; and chassis and service parts sales.
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