Wall Street analysts expect Rev Group Inc (NYSE:REVG) to report $635.09 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Rev Group’s earnings. The highest sales estimate is $662.70 million and the lowest is $609.80 million. Rev Group reported sales of $597.70 million in the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The firm is scheduled to report its next earnings report after the market closes on Wednesday, September 4th.
According to Zacks, analysts expect that Rev Group will report full-year sales of $2.47 billion for the current fiscal year, with estimates ranging from $2.44 billion to $2.52 billion. For the next financial year, analysts anticipate that the business will report sales of $2.53 billion, with estimates ranging from $2.43 billion to $2.59 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Rev Group.
Rev Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.24 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.24. Rev Group had a positive return on equity of 9.19% and a negative net margin of 0.53%. The company had revenue of $615.00 million for the quarter, compared to analyst estimates of $626.34 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis.
REVG has been the topic of a number of research reports. Zacks Investment Research upgraded Rev Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. BMO Capital Markets lifted their target price on Rev Group to $15.50 and gave the company an “outperform” rating in a research report on Monday, June 17th. They noted that the move was a valuation call. Goldman Sachs Group downgraded Rev Group from a “neutral” rating to a “sell” rating and set a $12.00 price objective on the stock. in a research report on Wednesday, August 7th. Robert W. Baird set a $13.00 price objective on Rev Group and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, ValuEngine raised Rev Group from a “sell” rating to a “hold” rating in a report on Friday, June 7th. One investment 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. The company presently has a consensus rating of “Hold” and a consensus price target of $11.77.
A number of hedge funds and other institutional investors have recently bought and sold shares of REVG. Bank of Montreal Can boosted its stake in shares of Rev Group by 211.1% during the first quarter. Bank of Montreal Can now owns 3,883 shares of the company’s stock valued at $43,000 after purchasing an additional 2,635 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Rev Group by 238.6% during the first quarter. BNP Paribas Arbitrage SA now owns 6,727 shares of the company’s stock worth $74,000 after buying an additional 4,740 shares during the period. Susquehanna International Group LLP grew its position in Rev Group by 178.3% during the second quarter. Susquehanna International Group LLP now owns 10,493 shares of the company’s stock worth $151,000 after buying an additional 23,893 shares during the period. Jane Street Group LLC purchased a new stake in shares of Rev Group in the second quarter valued at about $684,000. Finally, Swiss National Bank lifted its holdings in shares of Rev Group by 4.2% in the second quarter. Swiss National Bank now owns 52,500 shares of the company’s stock valued at $757,000 after purchasing an additional 2,100 shares in the last quarter.
Rev Group stock opened at $12.89 on Tuesday. The firm has a market cap of $804.34 million, a price-to-earnings ratio of 12.51, a PEG ratio of 1.12 and a beta of 2.96. The stock has a fifty day simple moving average of $12.93 and a two-hundred day simple moving average of $11.99. Rev Group has a 12 month low of $6.41 and a 12 month high of $17.21. The company has a current ratio of 2.16, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89.
The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, July 30th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Monday, July 29th. Rev Group’s payout ratio is 19.42%.
Rev Group Company Profile
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.
Further Reading: What can cause a stock to outperform?
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.