Zacks: Analysts Anticipate Rev Group Inc (REVG) Will Announce Earnings of $0.28 Per Share
Analysts expect that Rev Group Inc (NASDAQ:REVG) will announce $0.28 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for Rev Group’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.25. The company is scheduled to issue its next quarterly earnings report on Tuesday, September 5th.
According to Zacks, analysts expect that Rev Group will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.93 to $0.98. For the next financial year, analysts expect that the business will post earnings of $1.59 per share, with EPS estimates ranging from $1.49 to $1.72. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Rev Group.
Rev Group (NASDAQ:REVG) last released its quarterly earnings results on Tuesday, June 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $545.32 million for the quarter, compared to analyst estimates of $570.27 million. Rev Group had a return on equity of 6.72% and a net margin of 1.25%.
Separately, Zacks Investment Research downgraded Rev Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Rev Group has a consensus rating of “Buy” and a consensus target price of $32.38.
Rev Group (NASDAQ:REVG) traded down 4.22% during trading on Tuesday, reaching $26.80. The company had a trading volume of 238,708 shares. The company has a market capitalization of $1.71 billion and a P/E ratio of 91.47. The stock has a 50 day moving average of $27.60 and a 200-day moving average of $27.41. Rev Group has a 12 month low of $24.34 and a 12 month high of $31.60.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, July 31st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.20 annualized dividend and a yield of 0.71%.
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Hedge funds have recently made changes to their positions in the stock. TD Asset Management Inc. increased its stake in shares of Rev Group by 4.6% in the second quarter. TD Asset Management Inc. now owns 22,619 shares of the company’s stock valued at $626,000 after buying an additional 1,000 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Rev Group by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 42,565 shares of the company’s stock valued at $1,178,000 after buying an additional 1,592 shares during the last quarter. Strs Ohio acquired a new stake in shares of Rev Group during the first quarter valued at $102,000. JPMorgan Chase & Co. acquired a new stake in shares of Rev Group during the first quarter valued at $225,000. Finally, Rhumbline Advisers acquired a new stake in shares of Rev Group during the second quarter valued at $402,000.
Rev Group Company Profile
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
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