Wall Street analysts expect that Rev Group Inc (NYSE:REVG) will report sales of $714.13 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Rev Group’s earnings. The highest sales estimate is $727.30 million and the lowest is $693.80 million. Rev Group posted sales of $683.93 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.4%. The firm is expected to issue its next earnings results on Tuesday, December 18th.
On average, analysts expect that Rev Group will report full year sales of $2.43 billion for the current fiscal year, with estimates ranging from $2.40 billion to $2.45 billion. For the next fiscal year, analysts expect that the business will report sales of $2.53 billion, with estimates ranging from $2.43 billion to $2.60 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Rev Group.
Rev Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.06). The business had revenue of $597.70 million for the quarter, compared to analysts’ expectations of $649.64 million. Rev Group had a net margin of 2.40% and a return on equity of 13.12%. Rev Group’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share.
Several research firms have commented on REVG. Zacks Investment Research raised shares of Rev Group from a “strong sell” rating to a “hold” rating in a report on Wednesday. Morgan Stanley set a $17.00 price objective on shares of Rev Group and gave the company a “hold” rating in a report on Friday, October 26th. Stifel Nicolaus downgraded shares of Rev Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $18.00 to $17.00 in a report on Monday, October 1st. Credit Suisse Group lowered their price target on shares of Rev Group from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, September 7th. Finally, MED started coverage on shares of Rev Group in a report on Wednesday, September 5th. They issued a “hold” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.67.
NYSE REVG opened at $11.43 on Friday. The stock has a market cap of $751.38 million, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.32 and a beta of 2.42. Rev Group has a 52 week low of $10.19 and a 52 week high of $33.15. The company has a current ratio of 2.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.78.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, October 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Tuesday, October 30th. Rev Group’s payout ratio is 21.28%.
Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can lifted its holdings in shares of Rev Group by 271.7% in the second quarter. Bank of Montreal Can now owns 11,947 shares of the company’s stock worth $204,000 after buying an additional 8,733 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Rev Group in the third quarter worth approximately $267,000. The Manufacturers Life Insurance Company increased its position in shares of Rev Group by 26.5% in the first quarter. The Manufacturers Life Insurance Company now owns 23,664 shares of the company’s stock worth $491,000 after purchasing an additional 4,954 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Rev Group by 161.0% in the second quarter. Tower Research Capital LLC TRC now owns 23,698 shares of the company’s stock worth $403,000 after purchasing an additional 14,617 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of Rev Group by 71.2% in the second quarter. Dynamic Technology Lab Private Ltd now owns 25,162 shares of the company’s stock worth $428,000 after purchasing an additional 10,467 shares during the last quarter.
Rev Group Company Profile
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, 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 municipal fire departments, EMS providers, and private fleets through dealers.
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