Rev Group (NYSE:REVG) Announces Earnings Results

Rev Group (NYSE:REVG) announced its quarterly earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.23), Morningstar.com reports. The firm had revenue of $617.00 million for the quarter, compared to analyst estimates of $632.44 million. Rev Group had a negative net margin of 1.05% and a positive return on equity of 7.08%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Rev Group updated its FY 2019 guidance to EPS.

Shares of REVG stock opened at $8.28 on Friday. The stock’s 50 day simple moving average is $12.66 and its 200 day simple moving average is $12.02. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 2.16. Rev Group has a twelve month low of $6.41 and a twelve month high of $16.31. The company has a market capitalization of $571.07 million, a price-to-earnings ratio of 15.56, a PEG ratio of 0.82 and a beta of 2.98.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, October 30th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.20 annualized dividend and a dividend yield of 2.42%. Rev Group’s dividend payout ratio is 19.42%.

Several hedge funds have recently modified their holdings of REVG. Bank of Montreal Can increased its position in Rev Group by 211.1% in the 1st quarter. Bank of Montreal Can now owns 3,883 shares of the company’s stock worth $43,000 after buying an additional 2,635 shares during the period. BNP Paribas Arbitrage SA increased its position in Rev Group by 238.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,727 shares of the company’s stock worth $74,000 after buying an additional 4,740 shares during the period. Susquehanna International Group LLP increased its position in Rev Group by 178.3% in the 2nd quarter. Susquehanna International Group LLP now owns 10,493 shares of the company’s stock worth $151,000 after buying an additional 23,893 shares during the period. Jane Street Group LLC bought a new position in Rev Group in the 2nd quarter worth approximately $684,000. Finally, Swiss National Bank increased its position in Rev Group by 4.2% in the 2nd quarter. Swiss National Bank now owns 52,500 shares of the company’s stock worth $757,000 after buying an additional 2,100 shares during the period.

Several brokerages have recently issued reports on REVG. BMO Capital Markets lifted their price target on Rev Group to $15.50 and gave the company an “outperform” rating in a report on Monday, June 17th. They noted that the move was a valuation call. Morgan Stanley reduced their price target on Rev Group from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Friday. Robert W. Baird set a $13.00 price target on Rev Group and gave the company a “buy” rating in a report on Friday, June 7th. Wells Fargo & Co reduced their price target on Rev Group from $14.00 to $10.00 and set a “market perform” rating for the company in a report on Friday. Finally, ValuEngine upgraded Rev Group from a “sell” rating to a “hold” rating in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.45.

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.

See Also: Margin

Earnings History for Rev Group (NYSE:REVG)

Receive News & Ratings for Rev Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rev Group and related companies with MarketBeat.com's FREE daily email newsletter.