Rev Group Inc to Issue Quarterly Dividend of $0.05 (NYSE:REVG)

Rev Group Inc (NYSE:REVG) announced a quarterly dividend on Wednesday, September 4th, Zacks reports. Stockholders of record on Wednesday, October 30th will be given a dividend of 0.05 per share on Friday, November 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, October 29th.

Shares of REVG traded down $0.10 during mid-day trading on Tuesday, reaching $13.24. The company’s stock had a trading volume of 147,451 shares, compared to its average volume of 284,639. Rev Group has a 1 year low of $6.41 and a 1 year high of $14.99. The business has a fifty day moving average of $12.50 and a 200 day moving average of $12.45. The company has a quick ratio of 0.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.81. The company has a market cap of $868.42 million, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 1.59 and a beta of 2.97.

Rev Group (NYSE:REVG) last posted its earnings results on Wednesday, September 4th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $632.44 million. During the same quarter last year, the business earned $0.38 earnings per share. Rev Group’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts predict that Rev Group will post 0.43 earnings per share for the current year.

In other news, CFO Dean J. Nolden bought 9,158 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were bought at an average cost of $10.87 per share, with a total value of $99,547.46. Following the acquisition, the chief financial officer now owns 104,525 shares in the company, valued at $1,136,186.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy W. Sullivan purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $9.58 per share, for a total transaction of $479,000.00. Following the purchase, the chief executive officer now owns 1,853,160 shares in the company, valued at approximately $17,753,272.80. The disclosure for this purchase can be found here. 3.71% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Rev Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Co raised their price target on shares of Rev Group from $10.00 to $11.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 15th. Morgan Stanley cut their target price 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. Robert W. Baird set a $12.00 price objective on shares of Rev Group and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, BMO Capital Markets cut shares of Rev Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $12.00 to $11.00 in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Rev Group currently has an average rating of “Hold” and an average price target of $10.33.

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.

Further Reading: Convertible Shares

Dividend History for Rev Group (NYSE:REVG)

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