Oshkosh Corporation (NYSE:OSK) announced a quarterly dividend on Tuesday, October 31st, RTT News reports. Stockholders of record on Thursday, November 16th will be paid a dividend of 0.24 per share on Thursday, November 30th. This represents a $0.96 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, November 15th. This is an increase from Oshkosh Corporation’s previous quarterly dividend of $0.21.
Oshkosh Corporation has raised its dividend payment by an average of 73.2% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Oshkosh Corporation has a payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Oshkosh Corporation to earn $5.18 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 18.5%.
Shares of Oshkosh Corporation (OSK) opened at $85.51 on Tuesday. The firm has a market capitalization of $6,353.02, a PE ratio of 20.02, a PEG ratio of 1.14 and a beta of 1.87. Oshkosh Corporation has a 52 week low of $61.74 and a 52 week high of $94.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.81.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.36. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.90 billion. Oshkosh Corporation had a return on equity of 15.14% and a net margin of 4.18%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $1.05 earnings per share. sell-side analysts predict that Oshkosh Corporation will post 4.51 EPS for the current fiscal year.
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In other news, VP Colleen R. Moynihan sold 4,000 shares of Oshkosh Corporation stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $87.62, for a total transaction of $350,480.00. Following the sale, the vice president now owns 7,347 shares of the company’s stock, valued at $643,744.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Colleen R. Moynihan sold 5,259 shares of Oshkosh Corporation stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $88.19, for a total value of $463,791.21. Following the sale, the vice president now directly owns 4,647 shares in the company, valued at approximately $409,818.93. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
A number of research firms recently commented on OSK. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price target on shares of Oshkosh Corporation in a research note on Wednesday, November 1st. KeyCorp reiterated an “overweight” rating and issued a $100.00 price target (up from $90.00) on shares of Oshkosh Corporation in a research note on Wednesday, November 1st. Robert W. Baird reiterated a “buy” rating and issued a $97.00 price target on shares of Oshkosh Corporation in a research note on Wednesday, November 1st. J P Morgan Chase & Co lifted their price target on Oshkosh Corporation from $80.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, Jefferies Group LLC lifted their price target on Oshkosh Corporation from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Oshkosh Corporation currently has a consensus rating of “Buy” and a consensus target price of $92.85.
About Oshkosh Corporation
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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