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

Oshkosh Co. (NYSE:OSK - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, November 15th will be given a dividend of 0.46 per share on Friday, November 29th. This represents a $1.84 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, November 15th.

Oshkosh has increased its dividend payment by an average of 10.1% annually over the last three years and has increased its dividend every year for the last 12 years. Oshkosh has a dividend payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Oshkosh to earn $10.97 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 16.8%.

Oshkosh Stock Down 4.0 %

Shares of NYSE OSK traded down $4.22 during trading hours on Thursday, hitting $102.24. 770,097 shares of the stock were exchanged, compared to its average volume of 509,854. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The company has a market cap of $6.69 billion, a PE ratio of 9.78, a PEG ratio of 1.04 and a beta of 1.19. The firm has a fifty day moving average price of $102.80 and a 200-day moving average price of $107.81. Oshkosh has a 12 month low of $86.37 and a 12 month high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. On average, sell-side analysts expect that Oshkosh will post 11.33 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on OSK. Truist Financial cut their price target on shares of Oshkosh from $126.00 to $114.00 and set a "hold" rating on the stock in a research note on Wednesday, October 9th. Robert W. Baird cut their price target on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating on the stock in a research note on Thursday. Stifel Nicolaus cut their price target on shares of Oshkosh from $140.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, August 1st. Jefferies Financial Group cut their price target on shares of Oshkosh from $135.00 to $105.00 and set a "hold" rating on the stock in a research note on Thursday, July 11th. Finally, Evercore ISI cut their price target on shares of Oshkosh from $137.00 to $119.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $123.14.

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.