Wall Street brokerages predict that Rev Group Inc (NYSE:REVG) will report earnings of $0.09 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Rev Group’s earnings, with estimates ranging from $0.05 to $0.11. Rev Group posted earnings per share of $0.11 in the same quarter last year, which would indicate a negative year-over-year growth rate of 18.2%. The company is expected to report its next quarterly earnings results after the market closes on Wednesday, March 7th.
According to Zacks, analysts expect that Rev Group will report full year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.97. For the next financial year, analysts forecast that the firm will report earnings of $2.37 per share, with EPS estimates ranging from $2.22 to $2.56. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Rev Group.
Rev Group (NYSE:REVG) last posted its quarterly earnings results on Tuesday, December 19th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Rev Group had a net margin of 1.38% and a return on equity of 12.17%. The business had revenue of $683.90 million during the quarter, compared to the consensus estimate of $705.73 million. The business’s quarterly revenue was up 25.5% on a year-over-year basis.
Shares of Rev Group (NYSE:REVG) traded up $0.18 during trading on Friday, hitting $26.87. 580,443 shares of the stock were exchanged, compared to its average volume of 463,805. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 1.77. Rev Group has a 52-week low of $23.38 and a 52-week high of $33.15. The stock has a market cap of $1,720.00 and a P/E ratio of 57.17.
The business also recently announced a monthly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, January 26th were given a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, January 25th. Rev Group’s dividend payout ratio is presently 127.66%.
A number of large investors have recently added to or reduced their stakes in REVG. Aip LLC purchased a new stake in Rev Group during the 4th quarter worth approximately $1,098,678,000. Mesirow Financial Investment Management Equity Management purchased a new stake in Rev Group during the 4th quarter worth approximately $21,347,000. BlackRock Inc. grew its position in Rev Group by 69.5% during the 4th quarter. BlackRock Inc. now owns 1,525,024 shares of the company’s stock worth $49,609,000 after purchasing an additional 625,448 shares during the last quarter. Emerald Advisers Inc. PA purchased a new stake in Rev Group during the 4th quarter worth approximately $20,214,000. Finally, Wells Fargo & Company MN grew its position in Rev Group by 74.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,242,955 shares of the company’s stock worth $40,434,000 after purchasing an additional 530,403 shares during the last quarter. 86.80% of the stock is currently owned by institutional investors.
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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