Oshkosh Corp (NYSE:OSK) declared a quarterly dividend on Thursday, July 30th, Zacks reports. Shareholders of record on Monday, August 17th will be paid a dividend of 0.30 per share on Monday, August 31st. This represents a $1.20 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, August 14th.
Oshkosh has raised its dividend payment by an average of 42.3% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Oshkosh has a dividend payout ratio of 30.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Oshkosh to earn $5.66 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 21.2%.
Shares of Oshkosh stock traded down $2.11 during trading on Friday, reaching $78.17. 5,772 shares of the company’s stock were exchanged, compared to its average volume of 378,024. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.04 and a current ratio of 1.96. Oshkosh has a 1-year low of $46.72 and a 1-year high of $95.62. The company has a market cap of $5.41 billion, a P/E ratio of 11.24, a PEG ratio of 2.31 and a beta of 1.54. The firm’s 50-day moving average price is $74.05 and its 200 day moving average price is $72.93.
Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.80. Oshkosh had a return on equity of 19.08% and a net margin of 6.02%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the firm earned $2.72 EPS. Oshkosh’s revenue was down 33.9% on a year-over-year basis. As a group, equities research analysts predict that Oshkosh will post 3.93 EPS for the current year.
A number of equities analysts have recently commented on OSK shares. Bank of America cut Oshkosh from a “buy” rating to a “neutral” rating and set a $66.00 price target for the company. in a report on Monday, April 13th. Royal Bank of Canada reissued a “buy” rating and set a $79.00 price target on shares of Oshkosh in a report on Sunday, April 19th. TheStreet raised Oshkosh from a “c+” rating to a “b-” rating in a report on Thursday, June 18th. Deutsche Bank began coverage on Oshkosh in a report on Tuesday, June 30th. They issued a “buy” rating and a $89.00 target price for the company. Finally, CSFB lowered their target price on Oshkosh from $83.00 to $82.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $83.44.
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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