$0.27 Earnings Per Share Expected for REV Group, Inc. (NYSE:REVG) This Quarter

Equities research analysts expect REV Group, Inc. (NYSE:REVGGet Rating) to report $0.27 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for REV Group’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.26. REV Group reported earnings per share of $0.39 during the same quarter last year, which would indicate a negative year-over-year growth rate of 30.8%. The firm is scheduled to issue its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that REV Group will report full-year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.15. For the next financial year, analysts forecast that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.27 to $1.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for REV Group.

REV Group (NYSE:REVGGet Rating) last released its quarterly earnings data on Wednesday, March 9th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). REV Group had a return on equity of 13.92% and a net margin of 1.84%. The company had revenue of $537.00 million for the quarter, compared to analyst estimates of $529.44 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year.

REVG has been the subject of a number of research reports. Credit Suisse Group lowered their target price on REV Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research note on Friday, March 11th. Morgan Stanley lowered their target price on REV Group from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, April 18th. Robert W. Baird lowered REV Group from an “outperform” rating to a “neutral” rating and set a $14.00 target price for the company. in a research note on Friday, April 8th. TheStreet lowered REV Group from a “b-” rating to a “c+” rating in a research note on Thursday, March 24th. Finally, Zacks Investment Research lowered REV Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 26th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.54.

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in REV Group by 611.6% during the fourth quarter. American Century Companies Inc. now owns 81,309 shares of the company’s stock worth $1,151,000 after buying an additional 69,883 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of REV Group by 44.8% during the 4th quarter. Russell Investments Group Ltd. now owns 198,054 shares of the company’s stock valued at $2,800,000 after purchasing an additional 61,252 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of REV Group by 11.6% during the 3rd quarter. Invesco Ltd. now owns 3,384,306 shares of the company’s stock valued at $58,074,000 after purchasing an additional 351,152 shares in the last quarter. LSV Asset Management lifted its holdings in shares of REV Group by 25.6% during the 4th quarter. LSV Asset Management now owns 637,726 shares of the company’s stock valued at $9,024,000 after purchasing an additional 129,900 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of REV Group by 14.5% during the 3rd quarter. Advisor Group Holdings Inc. now owns 13,526 shares of the company’s stock valued at $234,000 after purchasing an additional 1,713 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.

REV Group stock traded up $0.40 during mid-day trading on Friday, hitting $12.19. 2,894 shares of the company were exchanged, compared to its average volume of 291,942. The company has a quick ratio of 0.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $12.63 and a 200 day moving average of $13.89. REV Group has a 1-year low of $11.20 and a 1-year high of $21.74. The company has a market capitalization of $767.26 million, a PE ratio of 17.86 and a beta of 2.18.

The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Wednesday, March 30th. REV Group’s dividend payout ratio (DPR) is currently 30.30%.

REV Group Company Profile (Get Rating)

REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, Europe, Africa, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brands.

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