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 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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