Brokerages expect Rev Group Inc (NYSE:REVG) to post $714.13 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Rev Group’s earnings. The highest sales estimate is $727.30 million and the lowest is $693.80 million. Rev Group reported sales of $683.93 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The business is expected to announce its next quarterly earnings report on Tuesday, December 18th.
According to Zacks, analysts expect that Rev Group will report full-year sales of $2.43 billion for the current financial year, with estimates ranging from $2.40 billion to $2.45 billion. For the next year, analysts expect that the company will post sales of $2.53 billion, with estimates ranging from $2.43 billion to $2.60 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Rev Group.
Rev Group (NYSE:REVG) last released its quarterly earnings results 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). Rev Group had a net margin of 2.40% and a return on equity of 13.12%. The company had revenue of $597.70 million for the quarter, compared to the consensus estimate of $649.64 million. During the same period in the prior year, the firm posted $0.33 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis.
REVG has been the subject of a number of research reports. Stifel Nicolaus dropped their price target on Rev Group from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, September 7th. Wells Fargo & Co decreased their price objective on Rev Group from $16.00 to $14.00 and set a “market perform” rating on the stock in a research report on Tuesday. Morgan Stanley set a $17.00 price objective on Rev Group and gave the company a “hold” rating in a research report on Friday, October 26th. Zacks Investment Research upgraded Rev Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Finally, assumed coverage on Rev Group in a research report on Wednesday, September 5th. They set a “hold” rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $21.33.
A number of hedge funds have recently modified their holdings of the business. Van Berkom & Associates Inc. raised its position in Rev Group by 12.0% during the third quarter. Van Berkom & Associates Inc. now owns 4,331,346 shares of the company’s stock valued at $68,002,000 after purchasing an additional 465,004 shares during the period. Vanguard Group Inc. raised its position in Rev Group by 1.6% during the third quarter. Vanguard Group Inc. now owns 2,480,140 shares of the company’s stock valued at $38,938,000 after purchasing an additional 38,942 shares during the period. BlackRock Inc. raised its position in Rev Group by 5.7% during the second quarter. BlackRock Inc. now owns 1,915,314 shares of the company’s stock valued at $32,579,000 after purchasing an additional 102,740 shares during the period. Franklin Resources Inc. raised its position in Rev Group by 19.1% during the third quarter. Franklin Resources Inc. now owns 1,694,916 shares of the company’s stock valued at $26,610,000 after purchasing an additional 272,345 shares during the period. Finally, Baird Financial Group Inc. raised its position in Rev Group by 1,240.0% during the second quarter. Baird Financial Group Inc. now owns 1,340,000 shares of the company’s stock valued at $22,793,000 after purchasing an additional 1,240,000 shares during the period.
NYSE:REVG traded down $0.21 during mid-day trading on Monday, hitting $11.77. 281,514 shares of the company traded hands, compared to its average volume of 252,882. Rev Group has a one year low of $10.19 and a one year high of $33.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.77 and a current ratio of 2.26. The firm has a market capitalization of $757.07 million, a PE ratio of 12.52, a P/E/G ratio of 1.33 and a beta of 2.50.
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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