REV Group, Inc. (NYSE:REVG – Get Free Report) declared a quarterly dividend on Wednesday, September 4th, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, September 27th.
REV Group has raised 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 research 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 Trading Down 4.2 %
Shares of REVG stock traded down $1.12 on Thursday, hitting $25.74. The stock had a trading volume of 232,572 shares, compared to its average volume of 832,042. The company’s 50 day moving average price is $27.48 and its 200-day moving average price is $24.57. REV Group has a 1 year low of $12.71 and a 1 year high of $31.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.75 and a quick ratio of 0.53. The firm has a market capitalization of $1.34 billion, a P/E ratio of 6.57 and a beta of 1.59.
Wall Street Analyst Weigh In
Several brokerages have commented on REVG. Morgan Stanley initiated 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 target for the company. StockNews.com raised REV Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.50.
View Our Latest Research Report on REVG
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.
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