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

Oshkosh Co. (NYSE:OSK) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders 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 1.67%. The ex-dividend date of this dividend is Friday, November 15th.

Oshkosh has raised its dividend payment by an average of 10.1% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Oshkosh has a dividend payout ratio of 16.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Oshkosh to earn $10.82 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 17.0%.

Oshkosh Trading Down 0.8 %

OSK opened at $110.37 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh has a one year low of $93.34 and a one year high of $127.98. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.09 and a beta of 1.18. The business has a 50 day simple moving average of $103.43 and a two-hundred day simple moving average of $107.12.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Analysts predict that Oshkosh will post 11.35 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on OSK shares. Truist Financial dropped their price target on Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Evercore ISI dropped their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Stifel Nicolaus cut their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh presently has an average rating of “Hold” and an average target price of $123.14.

About Oshkosh

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.