Zacks: Analysts Anticipate Rev Group Inc (NYSE:REVG) Will Announce Earnings of $0.44 Per Share

Wall Street analysts forecast that Rev Group Inc (NYSE:REVG) will post earnings of $0.44 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Rev Group’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.39. Rev Group posted earnings per share of $0.38 in the same quarter last year, which would indicate a positive year over year growth rate of 15.8%. The business is expected to report its next quarterly earnings report on Wednesday, September 4th.

On average, analysts expect that Rev Group will report full year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.18. For the next financial year, analysts expect that the company will report earnings of $1.41 per share, with EPS estimates ranging from $1.25 to $1.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Rev Group.

Rev Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.24 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The firm had revenue of $615.00 million during the quarter, compared to analysts’ expectations of $626.34 million. Rev Group had a positive return on equity of 9.19% and a negative net margin of 0.53%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS.



A number of research firms have recently commented on REVG. Zacks Investment Research raised Rev Group from a “sell” rating to a “hold” rating in a report on Tuesday. Goldman Sachs Group cut Rev Group from a “neutral” rating to a “sell” rating and set a $12.00 price target for the company. in a report on Wednesday, August 7th. ValuEngine raised Rev Group from a “sell” rating to a “hold” rating in a report on Friday, June 7th. BMO Capital Markets boosted their price target on Rev Group to $15.50 and gave the stock an “outperform” rating in a report on Monday, June 17th. They noted that the move was a valuation call. Finally, Robert W. Baird set a $13.00 price target on Rev Group and gave the stock a “buy” rating in a report on Friday, June 7th. One 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. Rev Group currently has a consensus rating of “Hold” and an average price target of $11.77.

Shares of Rev Group stock traded up $0.28 during trading on Friday, reaching $11.47. 138,700 shares of the company’s stock were exchanged, compared to its average volume of 151,197. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 2.16. Rev Group has a 1-year low of $6.41 and a 1-year high of $17.67. The company has a market cap of $710.08 million, a P/E ratio of 11.14, a PEG ratio of 1.02 and a beta of 2.96. The firm’s 50-day moving average price is $13.64 and its 200 day moving average price is $11.74.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, July 30th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, July 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.74%. Rev Group’s dividend payout ratio (DPR) is currently 19.42%.

A number of institutional investors and hedge funds have recently modified their holdings of REVG. BlackRock Inc. raised its position in shares of Rev Group by 1.9% during the fourth quarter. BlackRock Inc. now owns 1,942,327 shares of the company’s stock worth $14,587,000 after purchasing an additional 35,432 shares during the period. Bank of New York Mellon Corp raised its position in shares of Rev Group by 105.2% during the fourth quarter. Bank of New York Mellon Corp now owns 421,326 shares of the company’s stock worth $3,164,000 after purchasing an additional 215,981 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Rev Group by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,181,849 shares of the company’s stock worth $8,876,000 after purchasing an additional 109,553 shares during the period. Geode Capital Management LLC raised its position in shares of Rev Group by 11.0% during the fourth quarter. Geode Capital Management LLC now owns 311,942 shares of the company’s stock worth $2,342,000 after purchasing an additional 30,823 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Rev Group by 269.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,683 shares of the company’s stock worth $80,000 after purchasing an additional 7,792 shares during the period.

About Rev Group

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, 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 municipalities and private contractors.

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