Rev Group Inc (REVG) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Rev Group Inc (NASDAQ:REVG) announced its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05, Briefing.com reports. The business had revenue of $595.60 million during the quarter, compared to analysts’ expectations of $619.57 million. Rev Group had a return on equity of 6.72% and a net margin of 1.25%. The company’s revenue was up 12.8% compared to the same quarter last year.
Shares of Rev Group (NASDAQ:REVG) opened at 25.39 on Friday. Rev Group has a 1-year low of $23.55 and a 1-year high of $31.60. The stock has a market cap of $1.62 billion and a PE ratio of 86.66. The company’s 50-day moving average price is $25.64 and its 200 day moving average price is $27.10.
Separately, Zacks Investment Research upgraded Rev Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $32.11.
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Several hedge funds have recently bought and sold shares of REVG. Strs Ohio acquired a new stake in shares of Rev Group in the first quarter valued at about $102,000. JPMorgan Chase & Co. acquired a new stake in shares of Rev Group in the first quarter valued at about $225,000. Virtu KCG Holdings LLC acquired a new stake in shares of Rev Group in the second quarter valued at about $249,000. Susquehanna International Group LLP acquired a new stake in shares of Rev Group in the second quarter valued at about $268,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Rev Group in the second quarter valued at about $276,000.
Rev Group Company Profile
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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