Oshkosh Co. (OSK) To Go Ex-Dividend on February 14th

Oshkosh Co. (NYSE:OSK) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders of record on Monday, February 17th will be paid a dividend of 0.51 per share on Monday, March 3rd. This represents a $2.04 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46.

Oshkosh has raised its dividend by an average of 10.6% 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 15.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Oshkosh to earn $10.36 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 17.8%.

Oshkosh Stock Up 2.7 %

Shares of NYSE OSK opened at $116.30 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $99.78 and a 200 day moving average price of $103.08. Oshkosh has a 52 week low of $89.08 and a 52 week high of $127.98. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Equities research analysts anticipate that Oshkosh will post 11.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OSK has been the topic of several analyst reports. Citigroup decreased their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Raymond James raised their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday. Truist Financial boosted their price target on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a report on Friday. KeyCorp increased their price target on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, UBS Group lowered their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Oshkosh has an average rating of “Moderate Buy” and an average price target of $125.25.

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.