$0.30 Earnings Per Share Expected for REV Group, Inc. (NYSE:REVG) This Quarter

Analysts expect REV Group, Inc. (NYSE:REVG) to post earnings per share of $0.30 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for REV Group’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.24. REV Group reported earnings per share of $0.19 during the same quarter last year, which would indicate a positive year over year growth rate of 57.9%. The company is expected to announce its next earnings report on Thursday, January 6th.

According to Zacks, analysts expect that REV Group will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.23. For the next fiscal year, analysts anticipate that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.33 to $1.85. 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 posted its quarterly earnings data on Tuesday, September 7th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $593.30 million during the quarter, compared to analysts’ expectations of $663.40 million. REV Group had a return on equity of 13.61% and a net margin of 1.42%. REV Group’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share.

A number of research firms recently commented on REVG. Robert W. Baird reduced their price objective on REV Group from $25.00 to $22.00 and set an “outperform” rating for the company in a research report on Wednesday, September 8th. BMO Capital Markets restated a “hold” rating and issued a $19.00 price target on shares of REV Group in a research report on Monday, June 21st. Credit Suisse Group upped their price target on REV Group from $9.20 to $13.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 16th. Zacks Investment Research cut REV Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 11th. Finally, TheStreet upgraded REV Group from a “c” rating to a “b-” rating in a research report on Thursday, September 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.17.

In other REV Group news, Director Paul J. Bamatter acquired 50,000 shares of the company’s stock in a transaction dated Thursday, September 9th. The stock was purchased at an average price of $15.17 per share, with a total value of $758,500.00. Following the completion of the purchase, the director now directly owns 150,000 shares in the company, valued at approximately $2,275,500. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.79% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of REV Group by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 17,431 shares of the company’s stock worth $273,000 after acquiring an additional 665 shares during the period. FORA Capital LLC bought a new position in REV Group during the first quarter valued at approximately $26,000. Swiss National Bank boosted its stake in REV Group by 2.2% during the first quarter. Swiss National Bank now owns 65,300 shares of the company’s stock valued at $1,251,000 after buying an additional 1,400 shares during the last quarter. Occudo Quantitative Strategies LP boosted its stake in REV Group by 9.8% during the second quarter. Occudo Quantitative Strategies LP now owns 17,681 shares of the company’s stock valued at $277,000 after buying an additional 1,574 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new position in REV Group during the second quarter valued at approximately $31,000. 92.22% of the stock is owned by hedge funds and other institutional investors.

REV Group stock opened at $15.17 on Monday. The stock has a market cap of $982.21 million, a PE ratio of 29.75 and a beta of 2.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.59 and a current ratio of 1.78. REV Group has a one year low of $7.67 and a one year high of $22.23. The stock has a fifty day moving average of $16.30 and a 200 day moving average of $17.03.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Thursday, September 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, September 29th. REV Group’s dividend payout ratio (DPR) is 333.33%.

REV Group Company Profile

REV Group, Inc is a holding company. The firm engages in the manufacture, distribution, and design of specialty vehicles and related aftermarket parts and services. It operates through the following segments: Fire and Emergency; Commercial; and Recreation. The Fire and Emergency segment offers fire apparatus, and ambulance products.

See Also: The risks of owning bonds

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.