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.
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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