SunTrust Banks Weighs in on Rev Group Inc’s FY2018 Earnings (REVG)

Rev Group Inc (NYSE:REVG) – Stock analysts at SunTrust Banks increased their FY2018 earnings estimates for Rev Group in a research report issued on Thursday. SunTrust Banks analyst C. Brady now forecasts that the company will post earnings per share of $1.74 for the year, up from their previous forecast of $1.63. SunTrust Banks has a “Buy” rating and a $33.00 price objective on the stock. SunTrust Banks also issued estimates for Rev Group’s FY2019 earnings at $2.22 EPS.

Rev Group (NYSE:REVG) last announced its earnings results on Tuesday, December 19th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The business had revenue of $683.90 million during the quarter, compared to analyst estimates of $705.73 million. Rev Group had a net margin of 1.38% and a return on equity of 12.97%. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis.

REVG has been the topic of a number of other reports. Zacks Investment Research raised shares of Rev Group from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Thursday, September 14th. Stifel Nicolaus lifted their target price on shares of Rev Group from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Rev Group currently has an average rating of “Buy” and a consensus target price of $33.10.

Shares of Rev Group (NYSE:REVG) traded up $0.87 during trading on Monday, hitting $32.26. 370,153 shares of the stock were exchanged, compared to its average volume of 333,368. The firm has a market cap of $2,040.00 and a PE ratio of 68.64. Rev Group has a fifty-two week low of $23.38 and a fifty-two week high of $32.57. The company has a quick ratio of 0.76, a current ratio of 2.04 and a debt-to-equity ratio of 0.55.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, January 26th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $0.60 annualized dividend and a yield of 1.86%. Rev Group’s dividend payout ratio is currently 127.66%.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. purchased a new stake in shares of Rev Group in the 1st quarter worth about $672,000. Bank of America Corp DE purchased a new stake in shares of Rev Group in the 1st quarter worth about $520,000. TD Asset Management Inc. boosted its position in shares of Rev Group by 4.6% in the 2nd quarter. TD Asset Management Inc. now owns 22,619 shares of the company’s stock worth $626,000 after buying an additional 1,000 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Rev Group in the 2nd quarter worth about $402,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Rev Group by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 42,565 shares of the company’s stock worth $1,178,000 after buying an additional 1,592 shares in the last quarter. Institutional investors own 24.98% of the company’s stock.

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Rev Group Company Profile

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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