$0.27 Earnings Per Share Expected for REV Group, Inc. (NYSE:REVG) This Quarter

Wall Street brokerages expect that REV Group, Inc. (NYSE:REVGGet Rating) will report earnings per share of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for REV Group’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.26. REV Group posted earnings per share of $0.39 in the same quarter last year, which would indicate a negative year-over-year growth rate of 30.8%. The company is scheduled to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that REV Group will report full year earnings of $1.08 per share for the current year, with EPS estimates ranging from $0.98 to $1.15. For the next financial year, analysts anticipate that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.27 to $1.50. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover REV Group.

REV Group (NYSE:REVGGet Rating) last posted its quarterly earnings results on Wednesday, March 9th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The company had revenue of $537.00 million during the quarter, compared to analyst estimates of $529.44 million. REV Group had a net margin of 1.84% and a return on equity of 13.92%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS.

Several analysts recently commented on REVG shares. Robert W. Baird downgraded REV Group from an “outperform” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research note on Friday, April 8th. StockNews.com raised REV Group from a “hold” rating to a “buy” rating in a research note on Friday, May 20th. TheStreet cut REV Group from a “b-” rating to a “c+” rating in a report on Thursday, March 24th. Credit Suisse Group lowered their target price on REV Group from $12.00 to $11.00 and set an “underperform” rating for the company in a report on Friday, March 11th. Finally, Morgan Stanley lowered their target price on REV Group from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, April 18th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.54.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in shares of REV Group by 4.5% in the 1st quarter. California State Teachers Retirement System now owns 42,292 shares of the company’s stock valued at $567,000 after acquiring an additional 1,817 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of REV Group by 36.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,206 shares of the company’s stock valued at $767,000 after acquiring an additional 15,401 shares in the last quarter. State Street Corp grew its holdings in REV Group by 32.8% during the first quarter. State Street Corp now owns 791,875 shares of the company’s stock worth $10,645,000 after purchasing an additional 195,632 shares during the period. Engineers Gate Manager LP bought a new position in REV Group during the first quarter worth about $145,000. Finally, Invesco Ltd. grew its holdings in REV Group by 1.3% during the first quarter. Invesco Ltd. now owns 917,940 shares of the company’s stock worth $12,300,000 after purchasing an additional 11,697 shares during the period. Institutional investors own 95.18% of the company’s stock.

REV Group stock traded up $0.21 during mid-day trading on Friday, hitting $12.60. 140,469 shares of the company’s stock were exchanged, compared to its average volume of 289,446. The firm has a market capitalization of $793.07 million, a P/E ratio of 19.09 and a beta of 2.18. REV Group has a fifty-two week low of $11.20 and a fifty-two week high of $21.74. The company has a quick ratio of 0.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.52. The company’s 50 day simple moving average is $12.55 and its 200-day simple moving average is $13.81.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Wednesday, March 30th. REV Group’s payout ratio is 30.30%.

REV Group Company Profile (Get Rating)

REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, Europe, Africa, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brands.

See Also

Get a free copy of the Zacks research report on REV Group (REVG)

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.