Rev Group Inc (NYSE:REVG) Expected to Post Earnings of $0.13 Per Share

Wall Street analysts expect Rev Group Inc (NYSE:REVG) to report $0.13 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Rev Group’s earnings, with estimates ranging from $0.11 to $0.14. Rev Group reported earnings of $0.28 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 53.6%. The firm is expected to issue its next earnings results on Wednesday, December 18th.

According to Zacks, analysts expect that Rev Group will report full year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.55. For the next year, analysts forecast that the business will post earnings of $0.84 per share, with EPS estimates ranging from $0.65 to $1.05. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Rev Group.

Rev Group (NYSE:REVG) last released its earnings results on Wednesday, September 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.23). The business had revenue of $617.00 million during the quarter, compared to the consensus estimate of $632.44 million. Rev Group had a negative net margin of 1.05% and a positive return on equity of 7.09%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 earnings per share.

Several equities analysts have recently issued reports on REVG shares. Wells Fargo & Co upped their target price on Rev Group from $10.00 to $11.00 and gave the company a “market perform” rating in a report on Tuesday, October 15th. Goldman Sachs Group lowered Rev Group from a “neutral” rating to a “sell” rating and set a $12.00 target price for the company. in a report on Wednesday, August 7th. Zacks Investment Research lowered Rev Group from a “hold” rating to a “sell” rating in a report on Friday, September 13th. Robert W. Baird set a $12.00 target price on Rev Group and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Morgan Stanley reduced their target price on Rev Group from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.33.

In other news, CEO Timothy W. Sullivan acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of $9.58 per share, for a total transaction of $479,000.00. Following the completion of the purchase, the chief executive officer now owns 1,853,160 shares in the company, valued at $17,753,272.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dean J. Nolden acquired 9,158 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average price of $10.87 per share, for a total transaction of $99,547.46. Following the purchase, the chief financial officer now owns 104,525 shares of the company’s stock, valued at approximately $1,136,186.75. The disclosure for this purchase can be found here. 3.71% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Van Berkom & Associates Inc. lifted its position in shares of Rev Group by 6.6% during the second quarter. Van Berkom & Associates Inc. now owns 4,932,886 shares of the company’s stock worth $71,083,000 after acquiring an additional 307,054 shares in the last quarter. Invesco Ltd. lifted its position in shares of Rev Group by 0.6% during the second quarter. Invesco Ltd. now owns 2,178,778 shares of the company’s stock worth $31,396,000 after acquiring an additional 12,027 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Rev Group during the second quarter worth $684,000. Northern Trust Corp lifted its position in shares of Rev Group by 3.0% during the second quarter. Northern Trust Corp now owns 354,846 shares of the company’s stock worth $5,113,000 after acquiring an additional 10,388 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Rev Group by 2.8% during the second quarter. Vanguard Group Inc. now owns 2,349,728 shares of the company’s stock worth $33,859,000 after acquiring an additional 63,229 shares in the last quarter.

REVG stock opened at $12.01 on Thursday. The firm has a market cap of $747.74 million, a PE ratio of 11.66, a P/E/G ratio of 2.68 and a beta of 2.95. The company has a quick ratio of 0.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average of $11.14 and a 200-day moving average of $12.24. Rev Group has a 12-month low of $6.41 and a 12-month high of $14.99.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, October 30th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.20 annualized dividend and a yield of 1.67%. 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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