Oshkosh Corp (NYSE:OSK) declared a quarterly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Monday, August 19th will be paid a dividend of 0.27 per share on Tuesday, September 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, August 16th.
Oshkosh has increased its dividend by an average of 13.3% per year over the last three years and has raised its dividend every year for the last 4 years. Oshkosh has a payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. 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%.
OSK traded down $2.33 during trading on Wednesday, reaching $70.15. 2,087 shares of the stock traded hands, compared to its average volume of 648,881. The stock has a market cap of $4.96 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.79 and a beta of 1.95. Oshkosh has a fifty-two week low of $51.42 and a fifty-two week high of $86.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.99. The firm’s 50-day moving average price is $81.33.
Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, August 1st. The company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.35. The firm had revenue of $2.39 billion during 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 business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.20 earnings per share. On average, equities research analysts expect that Oshkosh will post 8.05 EPS for the current year.
OSK has been the subject of a number of research reports. Evercore ISI raised Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 price objective for the company in a research report on Thursday, August 1st. ValuEngine cut Oshkosh from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Thursday, July 11th. JPMorgan Chase & Co. cut Oshkosh from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $80.00 to $85.00 in a research report on Wednesday, May 1st. Finally, Citigroup reduced their price target on Oshkosh from $95.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Oshkosh currently has an average rating of “Hold” and a consensus price target of $82.55.
In other Oshkosh news, VP James W. Johnson sold 11,029 shares of the business’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by insiders.
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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