REV Group, Inc. (REVG) To Go Ex-Dividend on December 26th

REV Group, Inc. (NYSE:REVG) declared a quarterly dividend on Wednesday, December 11th,NASDAQ Dividends reports. Shareholders of record on Thursday, December 26th will be given a dividend of 0.06 per share on Friday, January 10th. This represents a $0.24 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, December 26th. This is a boost from REV Group’s previous quarterly dividend of $0.05.

REV Group has increased its dividend payment by an average of 26.0% annually over the last three years. REV Group has a payout ratio of 9.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect REV Group to earn $2.69 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 7.4%.

REV Group Stock Up 0.9 %

Shares of NYSE:REVG opened at $33.99 on Friday. The firm’s 50-day moving average is $29.29 and its two-hundred day moving average is $27.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. REV Group has a 1 year low of $16.00 and a 1 year high of $35.96. The firm has a market capitalization of $1.77 billion, a PE ratio of 7.57 and a beta of 1.61.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on REVG. StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and set a $33.00 price objective on shares of REV Group in a research report on Thursday, September 5th. The Goldman Sachs Group boosted their target price on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday. Finally, Robert W. Baird increased their price target on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.25.

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.