Zacks: Brokerages Anticipate Rev Group Inc (REVG) to Announce $0.37 EPS

Wall Street analysts forecast that Rev Group Inc (NYSE:REVG) will announce earnings of $0.37 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Rev Group’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.30. Rev Group reported earnings per share of $0.29 during the same quarter last year, which would suggest a positive year over year growth rate of 27.6%. The firm is scheduled to report its next earnings report on Tuesday, June 5th.

According to Zacks, analysts expect that Rev Group will report full-year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.62 to $1.80. For the next financial year, analysts forecast that the firm will post earnings of $2.14 per share, with EPS estimates ranging from $1.69 to $2.40. Zacks’ EPS averages are an average based on a survey of analysts that cover Rev Group.

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

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Rev Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 28th. SunTrust Banks increased their target price on Rev Group to $39.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Stifel Nicolaus increased their target price on Rev Group from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Morgan Stanley assumed coverage on Rev Group in a research note on Friday, March 2nd. They set an “equal weight” rating and a $32.00 target price for the company. Finally, Credit Suisse Group restated an “outperform” rating and set a $32.00 target price (down previously from $36.00) on shares of Rev Group in a research note on Friday, March 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Rev Group has a consensus rating of “Hold” and an average target price of $31.71.

REVG opened at $20.16 on Friday. The stock has a market cap of $1,331.50, a PE ratio of 21.45, a P/E/G ratio of 0.81 and a beta of 1.71. Rev Group has a 52-week low of $19.66 and a 52-week high of $33.15. The company has a quick ratio of 0.75, a current ratio of 2.19 and a debt-to-equity ratio of 0.64.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Monday, April 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.20 annualized dividend and a yield of 0.99%. Rev Group’s dividend payout ratio (DPR) is 63.83%.

In other news, CEO Timothy W. Sullivan purchased 100,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was purchased at an average price of $22.53 per share, with a total value of $2,253,000.00. Following the acquisition, 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 SEC, which is accessible through this link. Corporate insiders own 4.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Aip LLC acquired a new position in Rev Group in the 4th quarter valued at approximately $1,098,678,000. BlackRock Inc. raised its holdings in Rev Group by 69.5% in the 4th quarter. BlackRock Inc. now owns 1,525,024 shares of the company’s stock valued at $49,609,000 after acquiring an additional 625,448 shares in the last quarter. Bamco Inc. NY raised its holdings in Rev Group by 19.0% in the 4th quarter. Bamco Inc. NY now owns 1,250,000 shares of the company’s stock valued at $40,662,000 after acquiring an additional 200,000 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Rev Group by 74.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,242,955 shares of the company’s stock valued at $40,434,000 after acquiring an additional 530,403 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Rev Group by 36.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 942,050 shares of the company’s stock valued at $30,645,000 after acquiring an additional 253,325 shares in the last quarter. 95.40% of the stock is owned by hedge funds and other institutional investors.

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Rev Group Company Profile

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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