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 Up 0.3 %
NYSE:OSK traded up $0.22 during mid-day trading on Friday, hitting $83.20. 299,074 shares of the company's stock were exchanged, compared to its average volume of 590,244. Oshkosh has a one year low of $77.89 and a one year high of $125.16. 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 business has a fifty day moving average price of $85.46 and a 200 day moving average price of $96.99. The company has a market cap of $5.44 billion, a PE ratio of 47.01, a P/E/G ratio of 1.12 and a beta of 1.32.
Oshkosh (NYSE:OSK - Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.53). Oshkosh had a return on equity of 4.02% and a net margin of 1.53%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period in the previous year, the firm earned $2.09 EPS. The company's revenue was down 6.5% on a year-over-year basis. Equities analysts predict that Oshkosh will post 3.44 EPS for the current year.
Oshkosh Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 15th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Friday, August 12th. Oshkosh's payout ratio is currently 83.62%.
Wall Street Analysts Forecast Growth
OSK has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Oshkosh from $107.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 12th. Credit Suisse Group set a $97.00 target price on shares of Oshkosh in a research report on Tuesday, July 19th. Morgan Stanley cut their price target on shares of Oshkosh from $111.00 to $105.00 and set an "overweight" rating on the stock in a report on Monday, August 1st. KeyCorp cut their price target on shares of Oshkosh from $120.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, July 12th. Finally, Raymond James cut their price target on shares of Oshkosh from $135.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, April 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $104.87.