REV Group (NYSE:REVG) issued its earnings results on Wednesday. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03, Briefing.com reports. The business had revenue of $616.30 million during the quarter, compared to analyst estimates of $620.98 million. REV Group had a negative return on equity of 0.87% and a negative net margin of 1.28%. REV Group’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share.
Shares of REVG stock traded down $0.14 during trading hours on Friday, hitting $8.54. 3,454 shares of the company’s stock were exchanged, compared to its average volume of 380,043. The stock’s 50-day moving average is $9.40 and its 200-day moving average is $7.93. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.89 and a quick ratio of 0.67. The stock has a market cap of $542.09 million, a price-to-earnings ratio of -18.47 and a beta of 2.82. REV Group has a 52 week low of $3.50 and a 52 week high of $11.55.
REVG has been the subject of a number of recent research reports. Credit Suisse Group upped their target price on REV Group from $5.00 to $6.00 and gave the company an “underperform” rating in a research note on Thursday, September 10th. Zacks Investment Research lowered REV Group from a “hold” rating to a “sell” rating in a research note on Saturday, December 19th. Jefferies Financial Group lowered REV Group from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a research note on Thursday, December 10th. Morgan Stanley upgraded REV Group from an “underweight” rating to an “equal weight” rating and set a $10.00 price target on the stock in a research report on Tuesday, December 15th. Finally, BidaskClub cut REV Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.54.
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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