Zacks: Analysts Anticipate Rev Group Inc (REVG) Will Post Earnings of $0.54 Per Share

Equities research analysts expect Rev Group Inc (NYSE:REVG) to announce $0.54 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Rev Group’s earnings, with estimates ranging from $0.48 to $0.60. Rev Group reported earnings of $0.44 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 22.7%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, December 18th.

According to Zacks, analysts expect that Rev Group will report full-year earnings of $1.30 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.44. For the next financial year, analysts anticipate that the business will report earnings of $1.53 per share, with EPS estimates ranging from $1.29 to $1.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Rev Group.

Rev Group (NYSE:REVG) last released its earnings results on Wednesday, September 5th. The company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.06). The business had revenue of $597.70 million during the quarter, compared to analysts’ expectations of $649.64 million. Rev Group had a return on equity of 13.12% and a net margin of 2.40%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share.

A number of research firms have recently weighed in on REVG. Zacks Investment Research raised shares of Rev Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Wells Fargo & Co reduced their target price on shares of Rev Group from $16.00 to $14.00 and set a “market perform” rating on the stock in a research report on Tuesday. Stifel Nicolaus reduced their target price on shares of Rev Group from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, September 7th. Morgan Stanley set a $17.00 target price on shares of Rev Group and gave the stock a “hold” rating in a research report on Friday, October 26th. Finally, Credit Suisse Group reduced their target price on shares of Rev Group from $20.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, September 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.33.

Shares of NYSE:REVG traded up $0.36 during midday trading on Friday, reaching $11.98. The company’s stock had a trading volume of 509,400 shares, compared to its average volume of 608,411. The company has a market capitalization of $734.32 million, a PE ratio of 12.74, a P/E/G ratio of 1.29 and a beta of 2.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.26 and a quick ratio of 0.77. Rev Group has a 12-month low of $10.19 and a 12-month high of $33.15.

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in Rev Group by 271.7% in the 2nd quarter. Bank of Montreal Can now owns 11,947 shares of the company’s stock worth $204,000 after purchasing an additional 8,733 shares in the last quarter. Victory Capital Management Inc. bought a new position in Rev Group in the 3rd quarter worth about $267,000. MetLife Investment Advisors LLC boosted its stake in Rev Group by 65.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 19,685 shares of the company’s stock worth $309,000 after purchasing an additional 7,792 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Rev Group by 161.0% in the 2nd 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Rev Group by 71.2% in the 2nd 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 in 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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