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 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
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