$605.19 Million in Sales Expected for REV Group, Inc. (NYSE:REVG) This Quarter

Equities analysts expect REV Group, Inc. (NYSE:REVGGet Rating) to post sales of $605.19 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for REV Group’s earnings, with estimates ranging from $587.11 million to $619.30 million. REV Group posted sales of $643.60 million in the same quarter last year, which suggests a negative year-over-year growth rate of 6%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that REV Group will report full-year sales of $2.47 billion for the current financial year, with estimates ranging from $2.45 billion to $2.48 billion. For the next financial year, analysts expect that the business will post sales of $2.58 billion, with estimates ranging from $2.50 billion to $2.68 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for REV Group.

REV Group (NYSE:REVGGet Rating) last issued its earnings results on Wednesday, March 9th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. REV Group had a net margin of 1.84% and a return on equity of 13.92%. The firm had revenue of $537.00 million for the quarter, compared to analysts’ expectations of $529.44 million. During the same quarter last year, the business earned $0.12 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis.

Several research firms recently weighed in on REVG. TheStreet cut shares of REV Group from a “b-” rating to a “c+” rating in a report on Thursday, March 24th. Morgan Stanley cut their price target on shares of REV Group from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday. Robert W. Baird cut shares of REV Group from an “outperform” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Friday, April 8th. Zacks Investment Research upgraded shares of REV Group from a “strong sell” rating to a “hold” rating in a report on Friday, March 25th. Finally, StockNews.com upgraded shares of REV Group from a “hold” rating to a “buy” rating in a report on Friday, April 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.54.

NYSE:REVG traded down $0.21 during trading hours on Monday, hitting $12.24. The company had a trading volume of 242,201 shares, compared to its average volume of 313,115. The firm has a market cap of $770.41 million, a P/E ratio of 18.55 and a beta of 2.26. The company’s 50-day simple moving average is $13.33. REV Group has a 52 week low of $11.20 and a 52 week high of $22.23. The company has a quick ratio of 0.60, a current ratio of 1.68 and a debt-to-equity ratio of 0.52.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.63%. REV Group’s dividend payout ratio (DPR) is 30.30%.

A number of large investors have recently added to or reduced their stakes in REVG. FourThought Financial LLC boosted its holdings in REV Group by 43.5% in the third quarter. FourThought Financial LLC now owns 3,446 shares of the company’s stock worth $59,000 after acquiring an additional 1,044 shares in the last quarter. Citigroup Inc. boosted its holdings in REV Group by 94.2% in the third quarter. Citigroup Inc. now owns 3,659 shares of the company’s stock worth $63,000 after acquiring an additional 1,775 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in REV Group by 67.1% in the third quarter. Meeder Asset Management Inc. now owns 5,308 shares of the company’s stock worth $91,000 after acquiring an additional 2,132 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in REV Group by 13,784.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 6,387 shares of the company’s stock worth $110,000 after acquiring an additional 6,341 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in REV Group in the third quarter worth about $125,000. Institutional investors own 94.50% of the company’s stock.

About REV Group (Get Rating)

REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, Europe, Africa, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brands.

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