Rev Group Inc (NYSE:REVG) declared a quarterly dividend on Wednesday, September 4th, Zacks reports. Stockholders of record on Wednesday, October 30th will be paid a dividend of 0.05 per share on Friday, November 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Tuesday, October 29th.
Rev Group has a dividend payout ratio of 16.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Rev Group to earn $0.84 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 23.8%.
Shares of REVG stock traded up $0.23 on Friday, hitting $10.62. The stock had a trading volume of 2,039 shares, compared to its average volume of 311,336. The company has a current ratio of 1.99, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average price of $12.19 and a two-hundred day moving average price of $12.01. The firm has a market cap of $599.68 million, a P/E ratio of 10.31, a PEG ratio of 0.86 and a beta of 2.98. Rev Group has a twelve month low of $6.41 and a twelve month high of $16.31.
Rev Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.23). Rev Group had a negative net margin of 1.05% and a positive return on equity of 7.09%. The company had revenue of $617.00 million during the quarter, compared to analyst estimates of $632.44 million. During the same quarter last year, the company posted $0.38 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts expect that Rev Group will post 0.59 earnings per share for the current year.
In other Rev Group news, CEO Timothy W. Sullivan purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of $9.58 per share, with a total value of $479,000.00. Following the acquisition, the chief executive officer now owns 1,853,160 shares in the company, valued at $17,753,272.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.71% of the company’s stock.
Several research firms have recently issued reports on REVG. Goldman Sachs Group downgraded shares of Rev Group from a “neutral” rating to a “sell” rating and set a $12.00 price target for the company. in a research note on Wednesday, August 7th. BMO Capital Markets reduced their price target on shares of Rev Group from $15.50 to $12.00 and set an “outperform” rating for the company in a report on Monday. Robert W. Baird set a $12.00 price objective on shares of Rev Group and gave the company a “buy” rating in a report on Friday, September 6th. ValuEngine raised shares of Rev Group from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Finally, Morgan Stanley reduced their price objective on shares of Rev Group from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Rev Group presently has a consensus rating of “Hold” and a consensus price target of $11.00.
About Rev Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.
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