Rev Group Inc (NYSE:REVG) Expected to Announce Earnings of $0.44 Per Share

Equities analysts forecast that Rev Group Inc (NYSE:REVG) will announce earnings of $0.44 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Rev Group’s earnings, with estimates ranging from $0.39 to $0.48. Rev Group reported earnings of $0.38 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.8%. The firm is expected to report its next quarterly earnings report on Wednesday, September 4th.

On average, analysts expect that Rev Group will report full-year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.18. For the next fiscal year, analysts anticipate that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.25 to $1.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Rev Group.

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

Several equities research analysts recently weighed in on the company. Robert W. Baird set a $13.00 price objective on Rev Group and gave the company a “buy” rating in a report on Friday, June 7th. Zacks Investment Research raised Rev Group from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets lifted their target price on Rev Group to $15.50 and gave the stock an “outperform” rating in a report on Monday, June 17th. They noted that the move was a valuation call. Goldman Sachs Group downgraded Rev Group from a “neutral” rating to a “sell” rating and set a $12.00 target price on the stock. in a report on Wednesday, August 7th. Finally, ValuEngine raised Rev Group from a “sell” rating to a “hold” rating in a report on Friday, June 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.77.

Shares of NYSE REVG traded up $0.28 during mid-day trading on Friday, hitting $11.47. 138,700 shares of the stock traded hands, compared to its average volume of 151,197. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.16 and a quick ratio of 0.82. Rev Group has a twelve month low of $6.41 and a twelve month high of $17.67. The company has a market cap of $710.08 million, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.02 and a beta of 2.96. The firm has a 50 day simple moving average of $13.64 and a two-hundred day simple moving average of $11.74.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, July 30th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Monday, July 29th. Rev Group’s payout ratio is presently 19.42%.

A number of institutional investors and hedge funds have recently made changes to their positions in REVG. IndexIQ Advisors LLC lifted its stake in shares of Rev Group by 45.9% in the 1st quarter. IndexIQ Advisors LLC now owns 147,721 shares of the company’s stock valued at $1,618,000 after purchasing an additional 46,486 shares during the period. Millennium Management LLC acquired a new position in shares of Rev Group in the 4th quarter valued at about $1,647,000. Metropolitan Life Insurance Co. NY lifted its stake in shares of Rev Group by 269.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,683 shares of the company’s stock valued at $80,000 after purchasing an additional 7,792 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Rev Group by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,181,849 shares of the company’s stock valued at $8,876,000 after purchasing an additional 109,553 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Rev Group by 11.0% in the 4th quarter. Geode Capital Management LLC now owns 311,942 shares of the company’s stock valued at $2,342,000 after purchasing an additional 30,823 shares during the period.

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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