Rev Group Inc (NYSE:REVG) declared a quarterly dividend on Thursday, September 6th, Wall Street Journal reports. Stockholders of record on Wednesday, October 31st will be paid a dividend of 0.05 per share on Friday, November 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Tuesday, October 30th.

Rev Group has a payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rev Group to earn $1.68 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 11.9%.

Shares of REVG opened at $13.82 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.75 and a current ratio of 2.04. The company has a market cap of $1.01 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.61. Rev Group has a 12-month low of $12.73 and a 12-month high of $33.15.

Rev Group (NYSE:REVG) last announced its earnings results on Wednesday, September 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.06). The business had revenue of $597.70 million for the quarter, compared to analysts’ expectations of $649.64 million. Rev Group had a return on equity of 13.03% and a net margin of 2.40%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. analysts anticipate that Rev Group will post 1.38 earnings per share for the current year.

A number of equities analysts have recently issued reports on REVG shares. ValuEngine lowered shares of Rev Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Credit Suisse Group lowered their target price on shares of Rev Group from $32.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, June 11th. Morgan Stanley lowered their target price on shares of Rev Group from $30.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, June 8th. SunTrust Banks lowered shares of Rev Group from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Thursday, June 7th. Finally, Longbow Research started coverage on shares of Rev Group in a research report on Thursday, May 10th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.78.

In related news, Director John Canan purchased 5,040 shares of the firm’s stock in a transaction that occurred on Monday, June 25th. The stock was purchased at an average cost of $16.04 per share, with a total value of $80,841.60. Following the completion of the acquisition, the director now directly owns 5,763 shares in the company, valued at $92,438.52. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders have purchased 7,040 shares of company stock valued at $112,892. Corporate insiders own 4.00% of the company’s stock.

About Rev Group

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, 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 municipal fire departments, EMS providers, and private fleets through dealers.

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Dividend History for Rev Group (NYSE:REVG)

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