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

Oshkosh Co. (NYSE:OSK - Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders 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 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, May 10th.

Oshkosh has raised its dividend by an average of 10.1% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Oshkosh has a payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Oshkosh to earn $11.11 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 16.6%.

Oshkosh Trading Down 0.9 %

Shares of OSK traded down $1.11 during trading hours on Friday, reaching $117.58. 965,198 shares of the company traded hands, compared to its average volume of 507,017. The stock's fifty day moving average price is $117.49 and its 200 day moving average price is $107.07. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.54 and a beta of 1.29. Oshkosh has a 12-month low of $72.09 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates of $2.26 by $0.63. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. Sell-side analysts forecast that Oshkosh will post 10.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares in the company, valued at approximately $1,503,518.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

OSK has been the topic of several research analyst reports. Robert W. Baird increased their price objective on Oshkosh from $140.00 to $158.00 and gave the stock an "outperform" rating in a research note on Friday. The Goldman Sachs Group increased their price target on Oshkosh from $104.00 to $116.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 31st. Stifel Nicolaus lifted their price objective on Oshkosh from $135.00 to $140.00 and gave the company a "buy" rating in a report on Friday. Evercore ISI upped their price objective on shares of Oshkosh from $122.00 to $124.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company raised their target price on shares of Oshkosh from $114.00 to $122.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.