Q3 2021 Earnings Estimate for REV Group, Inc. (NYSE:REVG) Issued By Jefferies Financial Group

REV Group, Inc. (NYSE:REVG) – Research analysts at Jefferies Financial Group raised their Q3 2021 earnings estimates for REV Group in a research note issued to investors on Tuesday, June 8th. Jefferies Financial Group analyst S. Volkmann now forecasts that the company will post earnings per share of $0.30 for the quarter, up from their prior forecast of $0.25. Jefferies Financial Group also issued estimates for REV Group’s FY2022 earnings at $1.34 EPS and FY2023 earnings at $1.59 EPS.

REV Group (NYSE:REVG) last announced its earnings results on Sunday, June 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.19. REV Group had a negative net margin of 0.93% and a positive return on equity of 3.24%.

Several other equities analysts have also recently commented on REVG. Morgan Stanley boosted their price target on shares of REV Group from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday. Zacks Investment Research upgraded shares of REV Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, March 16th. Robert W. Baird boosted their price target on shares of REV Group from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday. BMO Capital Markets boosted their price target on shares of REV Group from $10.00 to $19.00 and gave the company a “market perform” rating in a report on Friday, March 12th. Finally, TheStreet upgraded shares of REV Group from a “d+” rating to a “c-” rating in a report on Thursday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $17.17.

Shares of NYSE:REVG opened at $16.00 on Friday. The firm’s fifty day moving average price is $18.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.61 and a current ratio of 1.93. REV Group has a 12-month low of $5.10 and a 12-month high of $22.23. The firm has a market cap of $1.04 billion, a P/E ratio of -47.06 and a beta of 2.71.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, June 29th.

In other news, CEO Rodney M. Rushing bought 16,750 shares of the business’s stock in a transaction on Monday, March 29th. The stock was purchased at an average price of $17.98 per share, with a total value of $301,165.00. Following the transaction, the chief executive officer now directly owns 948,995 shares in the company, valued at $17,062,930.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.79% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in REVG. FORA Capital LLC acquired a new position in shares of REV Group during the first quarter valued at about $26,000. Lazard Asset Management LLC acquired a new position in shares of REV Group during the first quarter valued at about $51,000. Citigroup Inc. raised its position in shares of REV Group by 321.8% during the fourth quarter. Citigroup Inc. now owns 6,820 shares of the company’s stock valued at $60,000 after buying an additional 5,203 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of REV Group during the first quarter valued at about $209,000. Finally, Paloma Partners Management Co acquired a new position in shares of REV Group during the first quarter valued at about $216,000. 92.89% of the stock is owned by hedge funds and other institutional investors.

REV Group Company Profile

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, the Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers various fire apparatus and ambulance products for municipalities and private contractors.

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