Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales. Its Defense segment provides heavy, medium, and light tactical wheeled vehicles and related services for the department of defense. The company's Fire & Emergency segment offers custom and commercial firefighting vehicles and equipment; and commercial fire apparatus and emergency vehicles, such as pumpers, aerial platform, ladder and tiller trucks, tankers, rescue vehicles, wild land rough terrain response vehicles, mobile command and control centers, bomb squad vehicles, hazardous materials control vehicles, and other emergency response vehicles. This segment also provides aircraft rescue and firefighting, snow removal, and broadcast vehicles, as well as command trucks, and military simulator shelters and trailers. Its Commercial segment offers front-and rear-discharge concrete mixers for the concrete ready-mix industry; refuse collection vehicles and related components to commercial and municipal waste haulers; and field service vehicles and truck-mounted cranes for the construction, equipment dealer, building supply, utility, tire service, railroad, and mining industries. Oshkosh Corporation provides its products through direct sales representatives, dealers, and distributors. The company was formerly known as Oshkosh Truck Corporation and changed its name to Oshkosh Corporation in February 2008. Oshkosh Corporation was founded in 1917 and is headquartered in Oshkosh, Wisconsin.
Oshkosh Stock Performance
OSK Stock traded down $3.28 during midday trading on Wednesday, hitting $85.74. 384,338 shares of the stock traded hands, compared to its average volume of 613,930. The firm has a market cap of $5.60 billion, a P/E ratio of 48.44, a PEG ratio of 1.18 and a beta of 1.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.73 and a quick ratio of 1.06. The stock's fifty day simple moving average is $84.28 and its 200-day simple moving average is $95.55. Oshkosh has a 1-year low of $77.89 and a 1-year high of $125.16.
Oshkosh (NYSE:OSK - Get Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.53). The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.21 billion. Oshkosh had a net margin of 1.53% and a return on equity of 4.02%. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.09 EPS. On average, analysts expect that Oshkosh will post 3.44 earnings per share for the current year.
Oshkosh Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 15th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, August 12th. This represents a $1.48 annualized dividend and a yield of 1.73%. Oshkosh's dividend payout ratio is presently 83.62%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on OSK shares. Wells Fargo & Company decreased their price target on shares of Oshkosh from $117.00 to $104.00 in a report on Thursday, April 28th. Credit Suisse Group set a $97.00 price target on shares of Oshkosh in a report on Tuesday, July 19th. KeyCorp decreased their price target on shares of Oshkosh from $120.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, July 12th. Citigroup cut shares of Oshkosh from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $120.00 to $90.00 in a report on Thursday, July 7th. Finally, TheStreet lowered shares of Oshkosh from a "b-" rating to a "c+" rating in a research note on Friday, July 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Oshkosh currently has a consensus rating of "Hold" and a consensus price target of $104.87.