Rev Group (REVG) Posts Earnings Results, Misses Expectations By $0.01 EPS

Rev Group (NYSE:REVG) announced its quarterly earnings data on Tuesday. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01), Bloomberg Earnings reports. Rev Group had a net margin of 0.98% and a return on equity of 10.51%. The firm had revenue of $683.90 million for the quarter, compared to analyst estimates of $705.73 million. The business’s quarterly revenue was up 25.5% compared to the same quarter last year.

Shares of Rev Group (NYSE:REVG) traded down $0.07 on Tuesday, reaching $29.41. 373,988 shares of the company’s stock were exchanged, compared to its average volume of 328,172. The company has a current ratio of 2.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.55. Rev Group has a twelve month low of $23.38 and a twelve month high of $31.60.

In other news, Director Joel M. Rotroff sold 985 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $26.09, for a total transaction of $25,698.65. Following the transaction, the director now owns 3,205 shares of the company’s stock, valued at approximately $83,618.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kim A. Marvin sold 40,263 shares of the stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $26.09, for a total transaction of $1,050,461.67. Following the transaction, the director now directly owns 150,671 shares in the company, valued at approximately $3,931,006.39. The disclosure for this sale can be found here.

Several research analysts have commented on REVG shares. Zacks Investment Research upgraded shares of Rev Group from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Thursday, September 14th. SunTrust Banks assumed coverage on shares of Rev Group in a report on Friday, November 17th. They set a “buy” rating and a $33.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Rev Group currently has a consensus rating of “Buy” and a consensus target price of $32.10.

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About Rev Group

REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).

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