REV Group Inc (REVG) Expected to Post Earnings of $0.36 Per Share

Analysts forecast that REV Group Inc (NYSE:REVG) will post $0.36 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for REV Group’s earnings, with estimates ranging from $0.30 to $0.46. REV Group posted earnings per share of $0.29 during the same quarter last year, which suggests a positive year-over-year growth rate of 24.1%. The business is expected to report its next earnings results on Tuesday, June 5th.

On average, analysts expect that REV Group will report full year earnings of $1.71 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.83. For the next year, analysts anticipate that the business will post earnings of $2.18 per share, with EPS estimates ranging from $1.99 to $2.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover REV Group.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. REV Group had a net margin of 2.31% and a return on equity of 13.93%. The firm had revenue of $514.90 million during the quarter, compared to analysts’ expectations of $513.04 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 16.3% on a year-over-year basis.

REVG has been the topic of a number of research reports. Stifel Nicolaus set a $36.00 price target on shares of REV Group and gave the company a “buy” rating in a research note on Friday, February 9th. Morgan Stanley initiated coverage on shares of REV Group in a research note on Friday, March 2nd. They issued an “equal weight” rating and a $32.00 price target on the stock. Wells Fargo lowered shares of REV Group from an “outperform” rating to a “market perform” rating and set a $26.00 price target on the stock. in a research note on Friday, March 9th. Robert W. Baird set a $30.00 price target on shares of REV Group and gave the company a “buy” rating in a research note on Thursday, March 8th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $32.00 price target (down previously from $36.00) on shares of REV Group in a research note on Friday, March 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. REV Group has an average rating of “Hold” and an average target price of $30.43.

REV Group traded up $0.17, reaching $18.28, during trading on Friday, according to MarketBeat Ratings. The company had a trading volume of 351,282 shares, compared to its average volume of 437,407. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.75 and a current ratio of 2.19. REV Group has a 12 month low of $16.79 and a 12 month high of $33.15. The firm has a market cap of $1.17 billion, a P/E ratio of 19.45, a PEG ratio of 0.72 and a beta of 1.83.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Monday, April 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Friday, April 27th. REV Group’s payout ratio is currently 63.83%.

In other REV Group news, CEO Timothy W. Sullivan acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were acquired at an average price of $22.53 per share, with a total value of $2,253,000.00. Following the completion of the transaction, the chief executive officer now directly owns 108,620 shares in the company, valued at approximately $2,447,208.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. CIBC World Markets Inc. lifted its position in shares of REV Group by 135.3% in the first quarter. CIBC World Markets Inc. now owns 83,156 shares of the company’s stock worth $1,726,000 after purchasing an additional 47,812 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of REV Group by 29.5% in the first quarter. California State Teachers Retirement System now owns 46,434 shares of the company’s stock worth $964,000 after purchasing an additional 10,587 shares in the last quarter. Barclays PLC lifted its position in shares of REV Group by 122.4% in the first quarter. Barclays PLC now owns 40,083 shares of the company’s stock worth $833,000 after purchasing an additional 22,064 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of REV Group by 26.5% in the first quarter. The Manufacturers Life Insurance Company now owns 23,664 shares of the company’s stock worth $491,000 after purchasing an additional 4,954 shares in the last quarter. Finally, A.R.T. Advisors LLC lifted its position in shares of REV Group by 584.8% in the first quarter. A.R.T. Advisors LLC now owns 63,000 shares of the company’s stock worth $1,307,000 after purchasing an additional 53,800 shares in the last quarter. 98.97% of the stock is currently owned by institutional investors and hedge funds.

About REV Group

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, 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 municipal fire departments, EMS providers, and private fleets through dealers.

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