Rev Group Inc (NYSE:REVG) – Research analysts at SunTrust Banks increased their Q2 2018 earnings estimates for shares of Rev Group in a report released on Wednesday. SunTrust Banks analyst C. Brady now forecasts that the company will post earnings per share of $0.49 for the quarter, up from their prior estimate of $0.42. SunTrust Banks currently has a “Buy” rating and a $39.00 target price on the stock. SunTrust Banks also issued estimates for Rev Group’s Q4 2018 earnings at $0.70 EPS and FY2018 earnings at $1.88 EPS.

Rev Group (NYSE:REVG) last posted its quarterly earnings data on Tuesday, December 19th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). Rev Group had a return on equity of 12.17% and a net margin of 1.38%. The company had revenue of $683.90 million for the quarter, compared to analysts’ expectations of $705.73 million. The firm’s quarterly revenue was up 25.5% compared to the same quarter last year.

A number of other analysts have also weighed in on the company. Zacks Investment Research lowered Rev Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Stifel Nicolaus upped their price objective on Rev Group from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $33.70.

Rev Group (REVG) traded down $0.10 during trading on Thursday, hitting $31.50. The stock had a trading volume of 338,600 shares, compared to its average volume of 372,683. Rev Group has a 1-year low of $23.38 and a 1-year high of $33.15. The company has a quick ratio of 0.67, a current ratio of 1.77 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $2,020.00 and a price-to-earnings ratio of 67.02.

The company also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, January 26th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.90%. Rev Group’s payout ratio is currently 127.66%.

In related news, Director Joel M. Rotroff sold 985 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $26.09, for a total transaction of $25,698.65. Following the completion of the transaction, the director now owns 3,205 shares in the company, valued at $83,618.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Several hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its stake in shares of Rev Group by 122.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 109,521 shares of the company’s stock worth $3,563,000 after purchasing an additional 60,226 shares in the last quarter. Bamco Inc. NY boosted its stake in Rev Group by 40.0% in the third quarter. Bamco Inc. NY now owns 1,050,000 shares of the company’s stock valued at $30,198,000 after acquiring an additional 300,000 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in Rev Group in the third quarter valued at $128,000. Bluestein R H & Co. acquired a new position in Rev Group in the third quarter valued at $230,000. Finally, Private Advisor Group LLC acquired a new position in Rev Group in the third quarter valued at $224,000. Hedge funds and other institutional investors own 24.98% of the company’s stock.

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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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