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, Briefing.com 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.
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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