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

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 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend 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 increased its dividend every year for the last 2 years. Oshkosh has a payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 2.1 %

OSK stock opened at $118.69 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The company has a market cap of $7.78 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. Oshkosh has a 52 week low of $72.09 and a 52 week high of $127.98. The business has a 50-day simple moving average of $117.31 and a 200 day simple moving average of $106.91.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share 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 analysts’ expectations of $2.49 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 earnings per share. Sell-side analysts anticipate that Oshkosh will post 10.33 EPS for the current fiscal year.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. DA Davidson raised Oshkosh from a “neutral” rating to a “buy” rating and upped their target price for the stock from $122.00 to $130.00 in a research report on Friday, March 1st. JPMorgan Chase & Co. raised their target price on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. 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. Finally, Wells Fargo & Company raised their price target on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.56.

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.