REV Group, Inc. (REVG) to Issue Quarterly Dividend of $0.05 on October 11th

REV Group, Inc. (NYSE:REVG) announced a quarterly dividend on Wednesday, September 4th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.05 per share on Friday, October 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, September 27th.

REV Group has a payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect REV Group to earn $1.97 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.2%.

REV Group Stock Down 0.4 %

NYSE REVG opened at $27.86 on Wednesday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 6.81 and a beta of 1.59. REV Group has a 52 week low of $14.04 and a 52 week high of $31.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 1.85. The stock has a fifty day moving average of $28.06 and a 200-day moving average of $25.32.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The firm had revenue of $579.40 million during the quarter, compared to analyst estimates of $618.70 million. During the same period last year, the company earned $0.31 earnings per share. The company’s revenue was down 14.8% on a year-over-year basis. On average, equities research analysts forecast that REV Group will post 1.42 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a research report on Thursday, September 5th. Morgan Stanley started coverage on shares of REV Group in a research report on Tuesday, June 11th. They issued an “equal weight” rating and a $29.50 price objective for the company. StockNews.com downgraded REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 target price on shares of REV Group in a research note on Thursday, September 5th.

About REV Group

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.