REV Group (NYSE:REVG – Get Rating) released its earnings results on Tuesday. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.06), MarketWatch Earnings reports. The firm had revenue of $576.30 million during the quarter, compared to analysts’ expectations of $600.06 million. REV Group had a return on equity of 13.92% and a net margin of 1.84%. The firm’s revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. REV Group updated its FY 2022 guidance to EPS.
Shares of REVG stock opened at $10.17 on Wednesday. REV Group has a 12 month low of $9.50 and a 12 month high of $21.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.68 and a quick ratio of 0.60. The firm has a market capitalization of $640.10 million, a P/E ratio of 15.41 and a beta of 2.17. The company’s fifty day moving average price is $12.28 and its two-hundred day moving average price is $13.51.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in REV Group during the 1st quarter valued at about $67,000. Citigroup Inc. boosted its stake in REV Group by 110.5% during the 4th quarter. Citigroup Inc. now owns 7,704 shares of the company’s stock valued at $109,000 after purchasing an additional 4,045 shares during the period. BNP Paribas Arbitrage SA boosted its stake in REV Group by 150.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,841 shares of the company’s stock valued at $135,000 after purchasing an additional 4,715 shares during the period. MetLife Investment Management LLC boosted its stake in REV Group by 67.9% during the 4th quarter. MetLife Investment Management LLC now owns 10,161 shares of the company’s stock valued at $144,000 after purchasing an additional 4,109 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in REV Group during the 1st quarter valued at about $145,000. 95.18% of the stock is owned by institutional investors.
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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