Equities analysts forecast that Rev Group Inc (NYSE:REVG) will report $0.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Rev Group’s earnings, with estimates ranging from $0.11 to $0.14. Rev Group posted earnings per share of $0.28 during the same quarter last year, which would indicate a negative year over year growth rate of 53.6%. The firm is expected to issue its next earnings results on Wednesday, December 18th.
According to Zacks, analysts expect that Rev Group will report full year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.55. For the next fiscal year, analysts anticipate that the business will post earnings of $0.84 per share, with EPS estimates ranging from $0.65 to $1.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Rev Group.
Rev Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.23). The business had revenue of $617.00 million during the quarter, compared to the consensus estimate of $632.44 million. Rev Group had a negative net margin of 1.05% and a positive return on equity of 7.09%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS.
A number of research analysts recently weighed in on REVG shares. BMO Capital Markets lowered shares of Rev Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $12.00 to $11.00 in a research note on Friday, September 27th. Morgan Stanley dropped their target price on Rev Group from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Friday, September 6th. Goldman Sachs Group lowered Rev Group from a “neutral” rating to a “sell” rating and set a $12.00 price target for the company. in a report on Wednesday, August 7th. ValuEngine lowered Rev Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Co lifted their price target on Rev Group from $10.00 to $11.00 and gave the company a “market perform” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.33.
In other Rev Group news, CEO Timothy W. Sullivan acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $9.58 per share, with a total value of $479,000.00. Following the completion of the purchase, the chief executive officer now owns 1,853,160 shares of the company’s stock, valued at $17,753,272.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dean J. Nolden acquired 9,158 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of $10.87 per share, with a total value of $99,547.46. Following the purchase, the chief financial officer now directly owns 104,525 shares of the company’s stock, valued at approximately $1,136,186.75. The disclosure for this purchase can be found here. 3.71% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can boosted its position in shares of Rev Group by 59.4% during the 2nd quarter. Bank of Montreal Can now owns 6,191 shares of the company’s stock valued at $89,000 after acquiring an additional 2,308 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Rev Group during the 3rd quarter valued at $84,000. Envestnet Asset Management Inc. purchased a new position in Rev Group in the third quarter worth $117,000. Susquehanna International Group LLP increased its stake in Rev Group by 178.3% in the second quarter. Susquehanna International Group LLP now owns 10,493 shares of the company’s stock valued at $151,000 after acquiring an additional 23,893 shares during the last quarter. Finally, California Public Employees Retirement System bought a new position in Rev Group in the third quarter valued at $134,000.
Shares of REVG stock opened at $12.61 on Monday. The firm’s 50 day moving average is $13.06 and its 200 day moving average is $12.51. The stock has a market capitalization of $808.70 million, a P/E ratio of 12.24, a PEG ratio of 1.48 and a beta of 2.96. Rev Group has a 12 month low of $6.41 and a 12 month high of $14.99. The company has a current ratio of 1.99, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81.
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.
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