Equities analysts expect Rev Group Inc (NYSE:REVG) to report sales of $714.13 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Rev Group’s earnings, with estimates ranging from $693.80 million to $727.30 million. Rev Group reported sales of $683.93 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The company is expected to issue its next earnings report on Tuesday, December 18th.
On average, 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 forecast that the firm will report sales of $2.54 billion, with estimates ranging from $2.43 billion to $2.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Rev Group.
Rev Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, September 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.06). The company had revenue of $597.70 million for the quarter, compared to analyst estimates of $649.64 million. Rev Group had a return on equity of 13.12% and a net margin of 2.40%. Rev Group’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS.
A number of equities analysts have recently weighed in on the company. ValuEngine upgraded Rev Group from a “strong sell” rating to a “sell” rating in a report on Monday, June 18th. Stifel Nicolaus downgraded Rev Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $17.00 in a report on Monday, October 1st. Morgan Stanley dropped their target price on Rev Group from $30.00 to $20.00 and set a “hold” rating on the stock in a report on Friday, June 8th. Credit Suisse Group dropped their target price on Rev Group from $32.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, June 11th. Finally, MED assumed coverage on Rev Group in a report on Wednesday, September 5th. They issued a “hold” rating and a $16.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.00.
Shares of REVG traded down $0.05 during trading hours on Friday, reaching $14.73. The company’s stock had a trading volume of 410,820 shares, compared to its average volume of 643,599. The company has a market capitalization of $992.16 million, a price-to-earnings ratio of 15.67, a P/E/G ratio of 2.16 and a beta of 1.66. Rev Group has a 1-year low of $12.73 and a 1-year high of $33.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.26 and a quick ratio of 0.77.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, October 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.36%. Rev Group’s dividend payout ratio is 21.28%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. grew its stake in shares of Rev Group by 1,240.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,340,000 shares of the company’s stock valued at $22,793,000 after buying an additional 1,240,000 shares in the last quarter. 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 valued at $204,000 after buying an additional 8,733 shares in the last quarter. Putnam Investments LLC bought a new stake in shares of Rev Group in the 2nd quarter valued at approximately $4,001,000. Van Berkom & Associates Inc. grew its stake in shares of Rev Group by 15.7% in the 2nd quarter. Van Berkom & Associates Inc. now owns 3,866,342 shares of the company’s stock valued at $65,766,000 after buying an additional 523,656 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC grew its stake in shares of Rev Group by 52.4% in the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 723,270 shares of the company’s stock valued at $15,015,000 after buying an additional 248,600 shares in the last quarter.
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.
Featured Article: What is a Tariff?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Rev Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rev Group and related companies with MarketBeat.com's FREE daily email newsletter.