Zacks: Brokerages Anticipate Rev Group Inc (REVG) Will Post Earnings of $0.25 Per Share

Wall Street brokerages expect Rev Group Inc (NYSE:REVG) to announce earnings of $0.25 per share for the current quarter, Zacks reports. Five analysts have made estimates for Rev Group’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.20. Rev Group reported earnings of $0.24 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The business is scheduled to report its next quarterly earnings report on Wednesday, June 5th.

According to Zacks, analysts expect that Rev Group will report full year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.10 to $1.42. For the next financial year, analysts forecast that the company will post earnings of $1.36 per share, with EPS estimates ranging from $1.25 to $1.55. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Rev Group.

Rev Group (NYSE:REVG) last issued its earnings results on Wednesday, March 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.07). Rev Group had a negative net margin of 0.46% and a positive return on equity of 9.21%. The business had revenue of $518.70 million for the quarter, compared to the consensus estimate of $510.80 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue was up .7% on a year-over-year basis.

A number of analysts recently commented on the stock. Morgan Stanley set a $11.00 price objective on shares of Rev Group and gave the company a “hold” rating in a research report on Sunday, December 30th. Zacks Investment Research cut shares of Rev Group from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. BMO Capital Markets reduced their target price on shares of Rev Group to $12.50 and set an “outperform” rating for the company in a research note on Monday, March 18th. They noted that the move was a valuation call. Deutsche Bank set a $9.00 target price on shares of Rev Group and gave the stock a “hold” rating in a research note on Friday, March 8th. Finally, SunTrust Banks set a $8.00 target price on shares of Rev Group and gave the stock a “hold revg” rating in a research note on Monday, December 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Rev Group presently has a consensus rating of “Hold” and an average price target of $11.25.

Institutional investors have recently bought and sold shares of the company. Clearbridge Investments LLC boosted its stake in shares of Rev Group by 800,798.4% during the 3rd quarter. Clearbridge Investments LLC now owns 512,575 shares of the company’s stock worth $8,047,000 after buying an additional 512,511 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Rev Group by 898.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 60,753 shares of the company’s stock worth $953,000 after buying an additional 54,667 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of Rev Group by 65.5% during the 3rd quarter. MetLife Investment Advisors LLC now owns 19,685 shares of the company’s stock worth $309,000 after buying an additional 7,792 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Rev Group during the 4th quarter worth about $124,000. Finally, Covington Capital Management acquired a new position in shares of Rev Group during the 4th quarter worth about $29,000.

Shares of REVG traded down $0.13 during trading hours on Thursday, reaching $12.19. The stock had a trading volume of 295,311 shares, compared to its average volume of 265,233. The company has a quick ratio of 0.81, a current ratio of 2.32 and a debt-to-equity ratio of 0.91. Rev Group has a 52 week low of $6.41 and a 52 week high of $18.90. The stock has a market cap of $765.62 million, a P/E ratio of 11.83, a P/E/G ratio of 1.04 and a beta of 2.86.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Tuesday, April 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, April 29th. Rev Group’s payout ratio is presently 19.42%.

About Rev Group

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, 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 municipalities and private contractors.

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