$0.44 Earnings Per Share Expected for Rev Group Inc (NYSE:REVG) This Quarter

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Analysts expect Rev Group Inc (NYSE:REVG) to post earnings per share of $0.44 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Rev Group’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.39. Rev Group reported earnings per share of $0.38 during the same quarter last year, which would indicate a positive year over year growth rate of 15.8%. The company is expected to announce its next earnings report on Wednesday, September 4th.

According to Zacks, analysts expect that Rev Group will report full-year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.18. For the next fiscal year, analysts anticipate that the company will report earnings of $1.41 per share, with EPS estimates ranging from $1.25 to $1.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Rev Group.

Rev Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Rev Group had a negative net margin of 0.53% and a positive return on equity of 9.19%. The firm had revenue of $615.00 million for the quarter, compared to analyst estimates of $626.34 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue was up 1.0% on a year-over-year basis.

A number of equities research analysts have commented on REVG shares. BMO Capital Markets raised shares of Bank of America from a “market perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a report on Monday, June 17th. Robert W. Baird set a $13.00 price objective on shares of Rev Group and gave the stock a “buy” rating in a report on Friday, June 7th. Zacks Investment Research raised shares of Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, June 12th. Finally, ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $11.75.

NYSE:REVG traded up $0.30 during mid-day trading on Thursday, reaching $14.03. 4,408 shares of the company were exchanged, compared to its average volume of 183,256. Rev Group has a 12 month low of $6.41 and a 12 month high of $17.88. The firm’s fifty day moving average is $13.46. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 2.16. The stock has a market capitalization of $854.22 million, a PE ratio of 13.63, a PEG ratio of 1.23 and a beta of 2.96.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, July 30th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Monday, July 29th. Rev Group’s dividend payout ratio (DPR) is presently 19.42%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. CIBC World Markets Inc. raised its position in shares of Rev Group by 1.3% in the 1st quarter. CIBC World Markets Inc. now owns 138,421 shares of the company’s stock valued at $1,516,000 after acquiring an additional 1,719 shares during the period. Bank of Montreal Can raised its position in shares of Rev Group by 211.1% in the 1st quarter. Bank of Montreal Can now owns 3,883 shares of the company’s stock valued at $43,000 after acquiring an additional 2,635 shares during the period. Northern Oak Wealth Management Inc. raised its position in shares of Rev Group by 312.5% in the 1st quarter. Northern Oak Wealth Management Inc. now owns 4,125 shares of the company’s stock valued at $45,000 after acquiring an additional 3,125 shares during the period. Covington Capital Management acquired a new stake in shares of Rev Group in the 4th quarter valued at approximately $29,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Rev Group by 238.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,727 shares of the company’s stock valued at $74,000 after acquiring an additional 4,740 shares during the period.

About Rev Group

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.

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