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

Oshkosh Co. (NYSE:OSK) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, November 15th will be given a dividend of 0.46 per share on Friday, November 29th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Friday, November 15th.

Oshkosh has raised its dividend by an average of 10.1% per year over the last three years and has increased its dividend every year for the last 12 years. Oshkosh has a payout ratio of 16.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Oshkosh to earn $10.97 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 16.8%.

Oshkosh Stock Down 1.3 %

Shares of NYSE OSK opened at $106.46 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. The stock has a market capitalization of $6.96 billion, a PE ratio of 10.19, a P/E/G ratio of 1.04 and a beta of 1.19. Oshkosh has a one year low of $86.37 and a one year high of $127.98. The business’s fifty day moving average price is $102.86 and its 200-day moving average price is $107.85.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. On average, equities research analysts anticipate that Oshkosh will post 11.33 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on OSK shares. Jefferies Financial Group cut their price target on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Stifel Nicolaus dropped their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Truist Financial lowered their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Finally, Robert W. Baird cut their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $123.14.

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.