Rev Group (NYSE:REVG) Issues Earnings Results, Beats Expectations By $0.09 EPS

Rev Group (NYSE:REVG) released its earnings results on Wednesday. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.09, MarketWatch Earnings reports. The business had revenue of $582.20 million for the quarter, compared to the consensus estimate of $551.74 million. Rev Group had a positive return on equity of 0.50% and a negative net margin of 0.87%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. Rev Group updated its FY 2020
Pre-Market guidance to EPS.

Shares of NYSE:REVG traded down $0.09 during trading on Wednesday, reaching $7.90. The stock had a trading volume of 688,400 shares, compared to its average volume of 308,986. Rev Group has a 52 week low of $3.50 and a 52 week high of $14.50. The business’s 50-day moving average price is $7.37 and its 200 day moving average price is $6.22. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.94 and a quick ratio of 0.69. The stock has a market capitalization of $519.30 million, a PE ratio of -24.69 and a beta of 2.92.

A number of equities research analysts have weighed in on REVG shares. Zacks Investment Research raised Rev Group from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a report on Saturday, June 13th. Credit Suisse Group downgraded Rev Group from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $5.00 to $6.00 in a report on Tuesday, June 9th. Finally, Morgan Stanley lifted their price objective on Rev Group from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Tuesday, June 9th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Rev Group presently has a consensus rating of “Hold” and a consensus target price of $7.53.

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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