REV Group (NYSE:REVG) Posts Earnings Results, Beats Estimates By $0.03 EPS

REV Group (NYSE:REVG) issued its earnings results on Wednesday. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03, reports. REV Group had a negative net margin of 1.28% and a negative return on equity of 0.87%. The company had revenue of $616.30 million for the quarter, compared to analyst estimates of $620.98 million. During the same period in the prior year, the business posted $0.05 earnings per share. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year.

NYSE:REVG traded down $0.15 during trading hours on Friday, reaching $8.53. 2,549 shares of the company were exchanged, compared to its average volume of 380,043. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.89 and a quick ratio of 0.67. The firm has a market cap of $541.45 million, a price-to-earnings ratio of -18.47 and a beta of 2.82. REV Group has a 52-week low of $3.50 and a 52-week high of $11.55. The stock has a 50 day simple moving average of $9.40 and a 200 day simple moving average of $7.93.

Several brokerages have weighed in on REVG. Credit Suisse Group upped their target price on shares of REV Group from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Thursday, September 10th. Jefferies Financial Group downgraded shares of REV Group from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a report on Thursday, December 10th. Morgan Stanley raised shares of REV Group from an “underweight” rating to an “equal weight” rating and set a $10.00 price target on the stock in a report on Tuesday, December 15th. BidaskClub downgraded shares of REV Group from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research downgraded shares of REV Group from a “hold” rating to a “sell” rating in a report on Saturday, December 19th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.54.

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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Earnings History for REV Group (NYSE:REVG)

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