Oshkosh Co. (OSK) To Go Ex-Dividend on May 10th

Oshkosh Co. (NYSE:OSK) announced 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 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, May 10th.

Oshkosh has raised its dividend payment by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Oshkosh has a payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 0.0 %

Shares of OSK stock opened at $116.48 on Wednesday. The business’s 50 day moving average is $118.36 and its two-hundred day moving average is $108.31. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. Oshkosh has a 12 month low of $72.09 and a 12 month high of $127.98. The company has a market cap 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 results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the company earned $1.59 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities analysts predict that Oshkosh will post 11.16 EPS for the current year.

Insider Transactions at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OSK. The Goldman Sachs Group raised their price objective on shares of Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Truist Financial increased their target price on shares of Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a research note on Friday, April 26th. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Evercore ISI raised their price objective on Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Finally, Citigroup boosted their price objective on Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Oshkosh currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.50.

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.