Rev Group (NYSE:REVG) Releases Quarterly Earnings Results, Meets Estimates

Rev Group (NYSE:REVG) announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24, reports. The business had revenue of $615.00 million for the quarter, compared to the consensus estimate of $626.34 million. Rev Group had a negative net margin of 0.53% and a positive return on equity of 9.19%. Rev Group’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. Rev Group updated its FY 2019 guidance to EPS.

Shares of Rev Group stock traded up $0.52 during trading on Friday, hitting $14.41. 401,171 shares of the company were exchanged, compared to its average volume of 328,649. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.16 and a quick ratio of 0.82. The stock has a fifty day moving average price of $12.32. Rev Group has a 1-year low of $6.41 and a 1-year high of $17.88. The company has a market capitalization of $846.11 million, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.21 and a beta of 2.74.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, July 30th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, July 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. Rev Group’s payout ratio is currently 19.42%.

REVG has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Rev Group from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, March 13th. ValuEngine upgraded shares of Rev Group from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Robert W. Baird set a $13.00 price target on shares of Rev Group and gave the stock a “buy” rating in a research note on Friday, June 7th. Deutsche Bank set a $9.00 price objective on Rev Group and gave the company a “hold” rating in a report on Friday, March 8th. Finally, BMO Capital Markets cut their price objective on Rev Group to $12.50 and set an “outperform” rating for the company in a report on Monday, March 18th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.75.

Rev Group Company Profile

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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