REV Group, Inc. Announces Quarterly Dividend of $0.05 (NYSE:REVG)

REV Group, Inc. (NYSE:REVG - Get Free Report) declared a quarterly dividend on Wednesday, September 4th, Zacks reports. Investors of record on Friday, September 27th will be given a dividend of 0.05 per share on Friday, October 11th. This represents a $0.20 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, September 27th.

REV Group has increased its dividend payment by an average of 26.0% per year over the last three years. REV Group has a dividend payout ratio of 9.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect REV Group to earn $2.01 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 10.0%.

REV Group Price Performance

NYSE:REVG traded down $0.93 during trading hours on Thursday, hitting $25.93. 1,224,636 shares of the company's stock traded hands, compared to its average volume of 837,995. REV Group has a 52 week low of $12.71 and a 52 week high of $31.85. The business's fifty day simple moving average is $27.50 and its two-hundred day simple moving average is $24.58. The company has a quick ratio of 0.53, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The firm has a market cap of $1.35 billion, a P/E ratio of 6.34 and a beta of 1.59.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. The company had revenue of $579.40 million during the quarter, compared to analyst estimates of $618.70 million. REV Group had a return on equity of 16.85% and a net margin of 9.41%. REV Group's revenue was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, research analysts anticipate that REV Group will post 1.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on REVG shares. Morgan Stanley assumed coverage on REV Group in a report on Tuesday, June 11th. They issued an "equal weight" rating and a $29.50 price objective for the company. DA Davidson reaffirmed a "buy" rating and issued a $33.00 price target on shares of REV Group in a research note on Thursday. StockNews.com raised REV Group from a "hold" rating to a "buy" rating in a research note on Tuesday, August 27th. Finally, The Goldman Sachs Group raised their price target on shares of REV Group from $22.00 to $25.00 and gave the stock a "sell" rating in a report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, REV Group presently has an average rating of "Hold" and an average target price of $24.10.

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.