Oshkosh Corporation (NYSE:OSK) Declares Quarterly Dividend of $0.57

Oshkosh Corporation (NYSE:OSK) declared a quarterly dividend on Thursday, January 29th. Stockholders of record on Tuesday, February 17th will be given a dividend of 0.57 per share on Tuesday, March 3rd. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, February 17th. This is a 11.8% increase from Oshkosh’s previous quarterly dividend of $0.51.

Oshkosh has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 13 years. Oshkosh has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Oshkosh to earn $12.50 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 16.3%.

Oshkosh Trading Down 0.4%

OSK stock traded down $0.63 on Thursday, reaching $145.53. The company’s stock had a trading volume of 1,966,959 shares, compared to its average volume of 857,997. The firm has a market cap of $9.20 billion, a PE ratio of 14.20, a PEG ratio of 2.02 and a beta of 1.41. The business has a fifty day simple moving average of $135.99 and a two-hundred day simple moving average of $133.40. Oshkosh has a 12-month low of $76.82 and a 12-month high of $158.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. As a group, research analysts forecast that Oshkosh will post 10.96 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $132.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. UBS Group decreased their target price on Oshkosh from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Citigroup raised their target price on Oshkosh from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Barclays started coverage on Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, Truist Financial lowered their price objective on Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.31.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.