REV Group (NYSE:REVG – Get Rating) posted its earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.02, Briefing.com reports. The firm had revenue of $594.80 million for the quarter, compared to analysts' expectations of $592.62 million. REV Group had a net margin of 0.28% and a return on equity of 8.97%. The company's revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share.
REV Group Price Performance
NYSE REVG traded up $0.37 on Friday, hitting $12.10. The stock had a trading volume of 787 shares, compared to its average volume of 193,808. REV Group has a 52-week low of $9.50 and a 52-week high of $18.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.51 and a current ratio of 1.59. The company has a market capitalization of $737.74 million, a price-to-earnings ratio of 106.65 and a beta of 2.03. The firm has a 50-day moving average of $11.39 and a 200-day moving average of $12.02.
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REV Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, September 29th. REV Group's dividend payout ratio (DPR) is presently 181.83%.
Wall Street Analysts Forecast Growth
REVG has been the topic of a number of research reports. Credit Suisse Group set a $8.00 target price on shares of REV Group in a research note on Tuesday, July 19th. Robert W. Baird reduced their price objective on shares of REV Group from $14.00 to $12.00 in a research report on Tuesday, June 7th. StockNews.com raised shares of REV Group from a "hold" rating to a "buy" rating in a research report on Thursday. The Goldman Sachs Group reduced their price objective on shares of REV Group from $13.25 to $11.50 and set a "sell" rating for the company in a research report on Thursday, June 9th. Finally, DA Davidson assumed coverage on shares of REV Group in a research report on Tuesday, June 28th. They issued a "neutral" rating and a $11.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $11.25.
Institutional Trading of REV Group
Several institutional investors and hedge funds have recently bought and sold shares of REVG. Swiss National Bank raised its position in shares of REV Group by 7.0% during the 1st quarter. Swiss National Bank now owns 68,900 shares of the company's stock valued at $923,000 after buying an additional 4,500 shares in the last quarter. Bank of New York Mellon Corp raised its position in REV Group by 7.4% in the 1st quarter. Bank of New York Mellon Corp now owns 258,422 shares of the company's stock worth $3,463,000 after purchasing an additional 17,750 shares during the period. American Century Companies Inc. grew its holdings in REV Group by 38.6% in the 1st quarter. American Century Companies Inc. now owns 112,712 shares of the company's stock worth $1,510,000 after acquiring an additional 31,403 shares during the last quarter. Bank of Montreal Can grew its holdings in REV Group by 7.9% in the 1st quarter. Bank of Montreal Can now owns 34,948 shares of the company's stock worth $483,000 after acquiring an additional 2,566 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in REV Group by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 15,792 shares of the company's stock worth $212,000 after acquiring an additional 5,631 shares during the last quarter. 97.19% of the stock is currently owned by hedge funds and other institutional investors.
REV Group Company Profile
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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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