Rev Group Inc (NYSE:REVG) – Investment analysts at SunTrust Banks reduced their Q1 2018 earnings per share estimates for Rev Group in a report released on Wednesday. SunTrust Banks analyst C. Brady now expects that the company will earn $0.10 per share for the quarter, down from their previous estimate of $0.30. SunTrust Banks currently has a “Buy” rating and a $39.00 target price on the stock. SunTrust Banks also issued estimates for Rev Group’s Q3 2018 earnings at $0.58 EPS and FY2019 earnings at $2.53 EPS.

REVG has been the subject of several other reports. Zacks Investment Research cut Rev Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Stifel Nicolaus increased their price objective on Rev Group from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $33.70.

Shares of Rev Group (NYSE REVG) opened at $31.92 on Friday. Rev Group has a 12-month low of $23.38 and a 12-month high of $33.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.77 and a quick ratio of 0.67. The firm has a market capitalization of $2,020.60 and a P/E ratio of 37.06.

Rev Group (NYSE:REVG) last posted its quarterly earnings data on Tuesday, December 19th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). Rev Group had a net margin of 1.38% and a return on equity of 12.17%. The business had revenue of $683.90 million during the quarter, compared to the consensus estimate of $705.73 million. Rev Group’s revenue for the quarter was up 25.5% compared to the same quarter last year.

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, January 26th will be paid a $0.05 dividend. The ex-dividend date is Thursday, January 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.88%. Rev Group’s payout ratio is 142.86%.

In related news, Director Joel M. Rotroff sold 985 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $26.09, for a total value of $25,698.65. Following the completion of the transaction, the director now directly owns 3,205 shares in the company, valued at $83,618.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Rev Group by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,204,841 shares of the company’s stock valued at $33,350,000 after purchasing an additional 60,773 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Rev Group by 40.0% in the third quarter. Bamco Inc. NY now owns 1,050,000 shares of the company’s stock valued at $30,198,000 after purchasing an additional 300,000 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Rev Group by 65.5% in the third quarter. Ameriprise Financial Inc. now owns 818,807 shares of the company’s stock valued at $23,544,000 after purchasing an additional 323,958 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Rev Group by 11.7% in the second quarter. Wells Fargo & Company MN now owns 721,306 shares of the company’s stock valued at $19,966,000 after purchasing an additional 75,278 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Rev Group by 10.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 688,725 shares of the company’s stock valued at $19,807,000 after purchasing an additional 67,700 shares in the last quarter. Institutional investors and hedge funds own 24.98% of the company’s stock.

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About Rev Group

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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