Rev Group Inc (REVG) Expected to Announce Earnings of $0.09 Per Share

Equities research analysts predict that Rev Group Inc (NYSE:REVG) will announce earnings of $0.09 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Rev Group’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.05. Rev Group posted earnings per share of $0.11 during the same quarter last year, which would indicate a negative year over year growth rate of 18.2%. The business is expected to report its next quarterly earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Rev Group will report full year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.97. For the next financial year, analysts expect that the company will report earnings of $2.37 per share, with EPS estimates ranging from $2.22 to $2.56. 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 (NYSE:REVG) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $683.90 million for the quarter, compared to the consensus estimate of $705.73 million. Rev Group had a return on equity of 12.17% and a net margin of 1.38%. The firm’s quarterly revenue was up 25.5% on a year-over-year basis.

Several research firms recently weighed in on REVG. Zacks Investment Research cut shares of Rev Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 28th. SunTrust Banks raised their target price on shares of Rev Group to $39.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Stifel Nicolaus raised their target price on shares of Rev Group from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Rev Group currently has a consensus rating of “Buy” and a consensus price target of $33.70.

Rev Group (NYSE:REVG) opened at $30.13 on Tuesday. The firm has a market cap of $1,997.58 and a P/E ratio of 71.74. Rev Group has a 52 week low of $23.38 and a 52 week high of $33.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 1.77.

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, January 26th will be issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, January 25th. Rev Group’s dividend payout ratio is currently 142.86%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in Rev Group by 65.5% in the third quarter. Ameriprise Financial Inc. now owns 818,807 shares of the company’s stock valued at $23,544,000 after purchasing an additional 323,958 shares in the last quarter. Bamco Inc. NY raised its stake in Rev Group by 40.0% in the third quarter. Bamco Inc. NY now owns 1,050,000 shares of the company’s stock valued at $30,198,000 after purchasing an additional 300,000 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Rev Group by 36.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 942,050 shares of the company’s stock valued at $30,645,000 after purchasing an additional 253,325 shares in the last quarter. First Trust Advisors LP acquired a new position in Rev Group in the third quarter valued at about $5,432,000. Finally, Peregrine Capital Management LLC raised its stake in Rev Group by 17.2% in the fourth quarter. Peregrine Capital Management LLC now owns 817,447 shares of the company’s stock valued at $26,592,000 after purchasing an additional 120,235 shares in the last quarter. 25.01% of the stock is owned by institutional investors.

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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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