Rev Group Inc (REVG) Expected to Post Earnings of $0.31 Per Share
Equities research analysts expect Rev Group Inc (NASDAQ:REVG) to announce earnings of $0.31 per share for the current quarter, according to Zacks. Four analysts have made estimates for Rev Group’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.31. The company is scheduled to announce its next earnings report on Tuesday, September 5th.
On average, analysts expect that Rev Group will report full-year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.93 to $0.98. For the next financial year, analysts anticipate that the firm will report earnings of $1.59 per share, with EPS estimates ranging from $1.49 to $1.72. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Rev Group.
Rev Group (NASDAQ:REVG) last announced its earnings results on Tuesday, June 6th. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. Rev Group had a net margin of 1.25% and a return on equity of 6.72%. The business had revenue of $545.32 million during the quarter, compared to analysts’ expectations of $570.27 million.
REVG has been the subject of several recent research reports. Zacks Investment Research lowered shares of Rev Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. BMO Capital Markets initiated coverage on shares of Rev Group in a report on Wednesday, March 15th. They set an “outperform” rating and a $32.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Rev Group currently has a consensus rating of “Buy” and a consensus target price of $32.38.
Institutional investors have recently bought and sold shares of the stock. Nationwide Fund Advisors purchased a new position in Rev Group during the first quarter valued at $411,000. Strs Ohio purchased a new position in Rev Group during the first quarter valued at $102,000. Russell Investments Group Ltd. purchased a new position in Rev Group during the first quarter valued at $1,822,000. Wells Fargo & Company MN purchased a new position in Rev Group during the first quarter valued at $17,811,000. Finally, Jennison Associates LLC purchased a new position in Rev Group during the first quarter valued at $4,779,000.
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Shares of Rev Group (NASDAQ REVG) traded up 0.72% during mid-day trading on Friday, reaching $27.87. 212,176 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $27.80 and its 200-day moving average price is $27.56. Rev Group has a one year low of $24.50 and a one year high of $31.60. The company’s market capitalization is $1.78 billion.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, July 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, July 27th.
About Rev Group
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
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