Oshkosh Corporation (OSK) to Issue Quarterly Dividend of $0.24 on November 30th
Oshkosh Corporation (NYSE:OSK) declared a quarterly dividend on Tuesday, October 31st, RTT News reports. Shareholders 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 yield of 1.14%. The ex-dividend date is Wednesday, November 15th. This is a positive change 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% indicating that its dividend is sufficiently covered by earnings. 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%.
Oshkosh Corporation (OSK) opened at $83.86 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35. Oshkosh Corporation has a 1 year low of $60.89 and a 1 year high of $94.16. The firm has a market cap of $6,364.25, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.14 and a beta of 1.87.
Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.36. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities analysts anticipate that Oshkosh Corporation will post 4.51 EPS for the current fiscal year.
Several analysts have recently commented on OSK shares. Jefferies Group LLC reiterated a “buy” rating and issued a $85.00 price target on shares of Oshkosh Corporation in a research report on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price target on shares of Oshkosh Corporation in a research report on Thursday, August 3rd. Royal Bank Of Canada increased their price target on shares of Oshkosh Corporation from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Bank of America Corporation upgraded shares of Oshkosh Corporation from an “underperform” rating to a “neutral” rating and increased their price target for the company from $60.00 to $78.00 in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG increased their price target on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Oshkosh Corporation has a consensus rating of “Buy” and a consensus price target of $92.85.
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In related news, VP Colleen R. Moynihan sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were 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 in the company, valued at $643,744.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Colleen R. Moynihan sold 5,259 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $88.19, for a total transaction of $463,791.21. Following the sale, the vice president now owns 4,647 shares in the company, valued at approximately $409,818.93. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
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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