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

Oshkosh Co. (NYSE:OSK) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors 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 yield of 1.58%. 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 dividend payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Oshkosh to earn $11.78 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 15.6%.

Oshkosh Stock Up 0.0 %

Shares of NYSE:OSK opened at $116.48 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The business has a 50 day simple moving average of $118.36 and a two-hundred day simple moving average of $108.31. Oshkosh has a 1 year low of $72.09 and a 1 year high of $127.98. The firm has a market capitalization of $7.62 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.63. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 EPS. On average, equities analysts predict that Oshkosh will post 11.16 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OSK shares. UBS Group lifted their price objective on shares of Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Company increased their price target on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Evercore ISI boosted their target price on shares of Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. 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, The Goldman Sachs Group boosted their target price on shares of Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

Insider Activity

In other news, SVP Anupam Khare sold 4,234 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the transaction, the senior vice president now directly owns 13,499 shares in the company, valued at approximately $1,503,518.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.58% of the company’s stock.

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.