REV Group (NYSE:REVG) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

REV Group (NYSE:REVG) released its earnings results on Wednesday. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03, reports. The firm had revenue of $616.30 million for the quarter, compared to analysts’ expectations of $620.98 million. REV Group had a negative net margin of 1.28% and a negative return on equity of 0.87%. REV Group’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS.

Shares of REVG traded down $0.15 during mid-day trading on Friday, hitting $8.53. The company’s stock had a trading volume of 2,549 shares, compared to its average volume of 380,043. The firm has a 50-day moving average price of $9.40 and a 200 day moving average price of $7.93. The stock has a market capitalization of $541.45 million, a price-to-earnings ratio of -18.47 and a beta of 2.82. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.89 and a quick ratio of 0.67. REV Group has a fifty-two week low of $3.50 and a fifty-two week high of $11.55.

REVG has been the topic of several research analyst reports. Credit Suisse Group raised their target price on shares of REV Group from $5.00 to $6.00 and gave the company an “underperform” rating in a research note on Thursday, September 10th. Morgan Stanley raised shares of REV Group from an “underweight” rating to an “equal weight” rating and set a $10.00 target price on the stock in a research note on Tuesday, December 15th. BidaskClub cut shares of REV Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Jefferies Financial Group cut shares of REV Group from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research note on Thursday, December 10th. Finally, Zacks Investment Research cut shares of REV Group from a “hold” rating to a “sell” rating in a research note on Saturday, December 19th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $7.54.

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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Earnings History for REV Group (NYSE:REVG)

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