REV Group (NYSE:REVG) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

REV Group (NYSE:REVG) released its quarterly earnings results on Wednesday. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03, Briefing.com reports. The business had revenue of $616.30 million during the quarter, compared to analysts’ expectations of $620.98 million. REV Group had a negative return on equity of 0.87% and a negative net margin of 1.28%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.05 EPS.

Shares of REV Group stock traded down $0.14 during trading on Friday, reaching $8.54. 3,454 shares of the company’s stock were exchanged, compared to its average volume of 380,043. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 1.89. REV Group has a 1-year low of $3.50 and a 1-year high of $11.55. The company has a market cap of $542.09 million, a P/E ratio of -18.47 and a beta of 2.82. The firm’s 50-day moving average price is $9.40 and its 200 day moving average price is $7.93.

Several analysts recently weighed in on REVG shares. Morgan Stanley raised REV Group from an “underweight” rating to an “equal weight” rating and set a $10.00 price target for the company in a report on Tuesday, December 15th. Credit Suisse Group lifted their price target on REV Group from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Thursday, September 10th. BidaskClub cut REV Group from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research cut REV Group from a “hold” rating to a “sell” rating in a report on Saturday, December 19th. Finally, Jefferies Financial Group cut REV Group from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Thursday, December 10th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.54.

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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Earnings History for REV Group (NYSE:REVG)

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