Brokerages forecast that REV Group, Inc. (NYSE:REVG) will announce $624.80 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for REV Group’s earnings. The lowest sales estimate is $618.20 million and the highest is $631.40 million. REV Group reported sales of $547.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.2%. The company is expected to issue its next quarterly earnings report on Monday, June 14th.
According to Zacks, analysts expect that REV Group will report full year sales of $2.49 billion for the current year, with estimates ranging from $2.47 billion to $2.53 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.56 billion, with estimates ranging from $2.50 billion to $2.59 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover REV Group.
REV Group (NYSE:REVG) last posted its earnings results on Tuesday, March 9th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.08. The company had revenue of $554.00 million for the quarter, compared to analysts’ expectations of $533.75 million. REV Group had a positive return on equity of 0.75% and a negative net margin of 1.35%. REV Group’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned ($0.04) earnings per share.
REVG has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on REV Group from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday. TheStreet raised shares of REV Group from a “d+” rating to a “c-” rating in a research report on Thursday, March 4th. Robert W. Baird boosted their price target on shares of REV Group from $10.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, March 4th. Zacks Investment Research raised shares of REV Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, March 16th. Finally, BMO Capital Markets increased their target price on REV Group from $10.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, March 12th. Two research 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 an average rating of “Hold” and a consensus price target of $14.57.
In other REV Group news, CEO Rodney M. Rushing bought 16,750 shares of the business’s stock in a transaction on Monday, March 29th. The shares were acquired at an average cost of $17.98 per share, for a total transaction of $301,165.00. Following the purchase, the chief executive officer now owns 948,995 shares in the company, valued at approximately $17,062,930.10. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP increased its stake in REV Group by 64.9% in the 1st quarter. First Trust Advisors LP now owns 170,323 shares of the company’s stock worth $1,865,000 after buying an additional 67,052 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in REV Group during the third quarter valued at $86,000. Charles Schwab Investment Management Inc. grew its stake in shares of REV Group by 14.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 361,455 shares of the company’s stock worth $2,852,000 after buying an additional 44,952 shares in the last quarter. AQR Capital Management LLC raised its position in shares of REV Group by 199.9% during the 3rd quarter. AQR Capital Management LLC now owns 114,474 shares of the company’s stock valued at $903,000 after buying an additional 76,298 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of REV Group in the 4th quarter valued at about $299,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.
NYSE REVG opened at $19.41 on Friday. The stock has a market cap of $1.26 billion, a P/E ratio of -39.61 and a beta of 2.67. REV Group has a fifty-two week low of $3.88 and a fifty-two week high of $20.75. The stock has a 50 day simple moving average of $18.22 and a two-hundred day simple moving average of $11.82. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.61 and a current ratio of 1.82.
REV Group Company Profile
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, the Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers various fire apparatus and ambulance products for municipalities and private contractors.
Recommended Story: What does a bar chart mean for investors?
Get a free copy of the Zacks research report on REV Group (REVG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for REV Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REV Group and related companies with MarketBeat.com's FREE daily email newsletter.