$714.13 Million in Sales Expected for Rev Group Inc (REVG) This Quarter

Equities analysts expect that Rev Group Inc (NYSE:REVG) will report $714.13 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Rev Group’s earnings, with estimates ranging from $693.80 million to $727.30 million. Rev Group posted sales of $683.93 million during the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The business is scheduled to issue its next earnings results on Tuesday, December 18th.

According to Zacks, analysts expect that Rev Group will report full-year sales of $2.43 billion for the current fiscal year, with estimates ranging from $2.40 billion to $2.45 billion. For the next financial year, analysts expect that the firm will report sales of $2.53 billion, with estimates ranging from $2.43 billion to $2.60 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Rev Group.

Rev Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.06). Rev Group had a return on equity of 13.12% and a net margin of 2.40%. The business had revenue of $597.70 million for the quarter, compared to analyst estimates of $649.64 million. During the same quarter in the previous year, the company posted $0.33 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis.

Several research firms have weighed in on REVG. Deutsche Bank restated a “hold” rating and set a $16.00 price objective on shares of Rev Group in a report on Wednesday, September 5th. Stifel Nicolaus downgraded shares of Rev Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $18.00 to $17.00 in a report on Monday, October 1st. Credit Suisse Group lowered their price objective on shares of Rev Group from $20.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, September 7th. MED assumed coverage on shares of Rev Group in a research note on Wednesday, September 5th. They issued a “hold” rating and a $16.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Rev Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.67.

Several hedge funds and other institutional investors have recently bought and sold shares of REVG. Bank of Montreal Can grew its stake in shares of Rev Group by 271.7% in the 2nd quarter. Bank of Montreal Can now owns 11,947 shares of the company’s stock worth $204,000 after acquiring an additional 8,733 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Rev Group in the 2nd quarter worth $799,000. IndexIQ Advisors LLC grew its stake in shares of Rev Group by 12.1% in the 2nd quarter. IndexIQ Advisors LLC now owns 105,364 shares of the company’s stock worth $1,792,000 after acquiring an additional 11,370 shares in the last quarter. Heartland Advisors Inc. grew its stake in shares of Rev Group by 66.7% in the 2nd quarter. Heartland Advisors Inc. now owns 250,000 shares of the company’s stock worth $4,253,000 after acquiring an additional 100,000 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Rev Group in the 2nd quarter worth $544,000.

REVG opened at $12.20 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.77 and a current ratio of 2.26. Rev Group has a 1-year low of $10.19 and a 1-year high of $33.15. The firm has a market cap of $770.98 million, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 1.35 and a beta of 2.42.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Wednesday, October 31st were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.64%. Rev Group’s payout ratio is 21.28%.

Rev Group Company Profile

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, 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 municipal fire departments, EMS providers, and private fleets through dealers.

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