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, Briefing.com 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.
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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