REV Group (NYSE:REVG) Issues Quarterly Earnings Results, Beats Estimates By $0.19 EPS

REV Group (NYSE:REVG) announced its quarterly earnings results on Sunday. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.19, Fidelity Earnings reports. REV Group had a negative net margin of 0.93% and a positive return on equity of 3.24%.

Shares of REVG traded down $0.28 during trading hours on Tuesday, hitting $19.34. 7,003 shares of the stock were exchanged, compared to its average volume of 334,960. REV Group has a fifty-two week low of $5.10 and a fifty-two week high of $22.23. The business’s 50-day simple moving average is $18.84. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -57.70 and a beta of 2.71. The company has a quick ratio of 0.61, a current ratio of 1.93 and a debt-to-equity ratio of 0.70.

REVG has been the subject of several research reports. BMO Capital Markets increased their target price on REV Group from $10.00 to $19.00 and gave the company a “market perform” rating in a research report on Friday, March 12th. TheStreet upgraded shares of REV Group from a “d+” rating to a “c-” rating in a research report on Thursday, March 4th. Robert W. Baird lifted their price target on shares of REV Group from $10.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, March 4th. Zacks Investment Research upgraded REV Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, March 16th. Finally, Morgan Stanley raised their target price on REV Group from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.17.

In other news, CEO Rodney M. Rushing purchased 16,750 shares of the business’s stock in a transaction on Monday, March 29th. The shares were acquired at an average price of $17.98 per share, with a total value of $301,165.00. Following the completion of the transaction, the chief executive officer now owns 948,995 shares of the company’s stock, valued at approximately $17,062,930.10. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.79% of the stock is owned by insiders.

REV Group Company Profile

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, the Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers various 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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