REV Group, Inc. (REVG) to Issue Quarterly Dividend of $0.05 on October 13th

REV Group, Inc. (NYSE:REVG) declared a quarterly dividend on Wednesday, September 13th, Wall Street Journal reports. Investors of record on Friday, September 29th will be paid a dividend of 0.05 per share on Friday, October 13th. This represents a $0.20 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, September 28th.

REV Group has a dividend payout ratio of 14.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect REV Group to earn $1.15 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 17.4%.

REV Group Trading Up 6.1 %

Shares of REVG stock opened at $14.84 on Friday. REV Group has a 1 year low of $9.85 and a 1 year high of $16.38. The firm has a market capitalization of $882.83 million, a PE ratio of 36.20 and a beta of 1.98. The stock has a fifty day moving average of $13.33 and a two-hundred day moving average of $12.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.50 and a current ratio of 1.73.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, September 13th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10. REV Group had a net margin of 0.95% and a return on equity of 12.12%. The business had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $627.17 million. During the same period last year, the firm posted $0.21 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. As a group, research analysts expect that REV Group will post 0.82 EPS for the current year.

Hedge Funds Weigh In On REV Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in shares of REV Group by 101.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock worth $25,000 after acquiring an additional 941 shares during the period. Public Employees Retirement System of Ohio boosted its stake in REV Group by 2.7% during the third quarter. Public Employees Retirement System of Ohio now owns 41,265 shares of the company’s stock worth $455,000 after buying an additional 1,082 shares in the last quarter. Quarry LP increased its holdings in REV Group by 69.6% in the 2nd quarter. Quarry LP now owns 2,692 shares of the company’s stock valued at $36,000 after buying an additional 1,105 shares during the period. Renaissance Technologies LLC raised its stake in shares of REV Group by 1.6% in the 4th quarter. Renaissance Technologies LLC now owns 77,500 shares of the company’s stock valued at $978,000 after buying an additional 1,200 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of REV Group by 63.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock worth $39,000 after acquiring an additional 1,208 shares during the period. Institutional investors own 94.92% of the company’s stock.

Wall Street Analyst Weigh In

REVG has been the topic of several research reports. BMO Capital Markets upped their price target on REV Group from $14.00 to $15.00 in a report on Wednesday, June 14th. Robert W. Baird boosted their price target on shares of REV Group from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday. DA Davidson raised their price objective on shares of REV Group from $13.50 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group increased their price target on shares of REV Group from $13.00 to $14.00 in a research report on Wednesday. Finally, StockNews.com downgraded shares of REV Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.17.

REV Group Company Profile

REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Europe, 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, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brands.