Rev Group Inc (NYSE:REVG) has been given a consensus rating of “Hold” by the eleven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.72.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Rev Group from a “hold” rating to a “sell” rating in a research report on Wednesday, June 12th. BMO Capital Markets upped their price target on shares of Rev Group to $15.50 and gave the company an “outperform” rating in a research note on Monday, June 17th. They noted that the move was a valuation call. Robert W. Baird set a $13.00 price target on shares of Rev Group and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, ValuEngine upgraded shares of Rev Group from a “sell” rating to a “hold” rating in a research note on Friday, June 7th.
Several institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP boosted its position in shares of Rev Group by 64.9% during the first quarter. First Trust Advisors LP now owns 170,323 shares of the company’s stock valued at $1,865,000 after buying an additional 67,052 shares during the last quarter. CNA Financial Corp boosted its position in shares of Rev Group by 38.4% during the first quarter. CNA Financial Corp now owns 105,669 shares of the company’s stock valued at $1,157,000 after buying an additional 29,336 shares during the last quarter. Schneider Capital Management Corp purchased a new stake in shares of Rev Group during the first quarter valued at $3,456,000. CIBC World Markets Inc. boosted its position in shares of Rev Group by 1.3% during the first quarter. CIBC World Markets Inc. now owns 138,421 shares of the company’s stock valued at $1,516,000 after buying an additional 1,719 shares during the last quarter. Finally, IndexIQ Advisors LLC boosted its position in shares of Rev Group by 45.9% during the first quarter. IndexIQ Advisors LLC now owns 147,721 shares of the company’s stock valued at $1,618,000 after buying an additional 46,486 shares during the last quarter.
Rev Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.24. The firm had revenue of $615.00 million for the quarter, compared to analyst estimates of $626.34 million. Rev Group had a negative net margin of 0.53% and a positive return on equity of 9.19%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. On average, equities research analysts anticipate that Rev Group will post 1.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, July 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, July 29th. This represents a $0.20 dividend on an annualized basis and a yield of 1.37%. Rev Group’s payout ratio is 19.42%.
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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