Brokerages expect Rev Group Inc (NYSE:REVG) to announce earnings of $0.44 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Rev Group’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.48. Rev Group reported earnings of $0.38 per share in the same quarter last year, which indicates a positive year over year growth rate of 15.8%. The business is scheduled to issue its next earnings results on Wednesday, September 4th.
According to Zacks, analysts expect that Rev Group will report full-year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.18. For the next year, analysts forecast that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.25 to $1.55. Zacks’ EPS averages are an average based on a survey of analysts that cover Rev Group.
Rev Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Rev Group had a positive return on equity of 9.19% and a negative net margin of 0.53%. The company had revenue of $615.00 million for the quarter, compared to analyst estimates of $626.34 million. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was up 1.0% compared to the same quarter last year.
Several research firms have recently weighed in on REVG. ValuEngine upgraded Rev Group from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Zacks Investment Research upgraded Rev Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird set a $13.00 price objective on Rev Group and gave the company a “buy” rating in a research note on Friday, June 7th. BMO Capital Markets upped their price objective on Rev Group to $15.50 and gave the company an “outperform” rating in a research note on Monday, June 17th. They noted that the move was a valuation call. Finally, Goldman Sachs Group lowered Rev Group from a “neutral” rating to a “sell” rating and set a $12.00 price objective on the stock. in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Rev Group currently has a consensus rating of “Hold” and a consensus target price of $11.77.
Shares of REVG stock traded down $0.19 during trading hours on Friday, hitting $11.19. The company had a trading volume of 3,559 shares, compared to its average volume of 148,609. Rev Group has a 12 month low of $6.41 and a 12 month high of $17.67. The company has a market cap of $736.91 million, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.06 and a beta of 2.96. The stock’s fifty day moving average is $13.73. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.16 and a quick ratio of 0.82.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, July 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, July 29th. This represents a $0.20 dividend on an annualized basis and a yield of 1.79%. Rev Group’s dividend payout ratio (DPR) is presently 19.42%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Rev Group in the 2nd quarter worth approximately $684,000. Invesco Ltd. boosted its holdings in Rev Group by 0.6% in the 2nd quarter. Invesco Ltd. now owns 2,178,778 shares of the company’s stock worth $31,396,000 after buying an additional 12,027 shares during the period. Vanguard Group Inc. boosted its holdings in Rev Group by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,349,728 shares of the company’s stock worth $33,859,000 after buying an additional 63,229 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Rev Group by 24.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 590,688 shares of the company’s stock worth $8,512,000 after buying an additional 116,502 shares during the period. Finally, Northern Trust Corp boosted its holdings in Rev Group by 3.0% in the 2nd quarter. Northern Trust Corp now owns 354,846 shares of the company’s stock worth $5,113,000 after buying an additional 10,388 shares during the period.
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.
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