REV Group, Inc. (NYSE:REVG – Get Rating) – Jefferies Financial Group dropped their Q4 2022 EPS estimates for shares of REV Group in a report released on Wednesday, September 7th. Jefferies Financial Group analyst S. Volkmann now expects that the company will post earnings of $0.24 per share for the quarter, down from their prior forecast of $0.27. The consensus estimate for REV Group's current full-year earnings is $0.69 per share. Jefferies Financial Group also issued estimates for REV Group's Q1 2023 earnings at $0.15 EPS and FY2024 earnings at $1.17 EPS.
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REV Group (NYSE:REVG – Get Rating) last released its quarterly earnings results on Wednesday, September 7th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. REV Group had a net margin of 0.28% and a return on equity of 9.17%. The company had revenue of $594.80 million for the quarter, compared to the consensus estimate of $592.62 million. During the same period in the previous year, the firm earned $0.36 EPS. REV Group's revenue was up .3% on a year-over-year basis.
A number of other analysts also recently commented on REVG. The Goldman Sachs Group dropped their target price on shares of REV Group from $13.25 to $11.50 and set a "sell" rating on the stock in a report on Thursday, June 9th. BMO Capital Markets dropped their target price on shares of REV Group from $15.00 to $13.00 in a report on Thursday, June 9th. StockNews.com upgraded shares of REV Group from a "hold" rating to a "buy" rating in a report on Thursday. Robert W. Baird dropped their target price on shares of REV Group from $14.00 to $12.00 in a report on Tuesday, June 7th. Finally, Credit Suisse Group set a $8.00 target price on shares of REV Group in a report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.25.
REV Group Stock Up 3.1 %
REVG stock opened at $12.09 on Monday. REV Group has a 52 week low of $9.50 and a 52 week high of $18.35. The company has a market capitalization of $737.16 million, a price-to-earnings ratio of 109.92 and a beta of 2.03. The firm's 50-day moving average is $11.42 and its two-hundred day moving average is $12.00. The company has a current ratio of 1.52, a quick ratio of 0.51 and a debt-to-equity ratio of 0.56.
Institutional Trading of REV Group
Large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. acquired a new stake in shares of REV Group in the fourth quarter worth $210,000. Victory Capital Management Inc. lifted its stake in shares of REV Group by 9.9% in the fourth quarter. Victory Capital Management Inc. now owns 47,041 shares of the company's stock worth $666,000 after buying an additional 4,252 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of REV Group by 56.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 12,252 shares of the company's stock worth $173,000 after buying an additional 4,411 shares during the last quarter. Principal Financial Group Inc. acquired a new position in REV Group during the 4th quarter valued at $511,000. Finally, Massachusetts Financial Services Co. MA raised its stake in REV Group by 30.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 196,049 shares of the company's stock valued at $2,774,000 after purchasing an additional 45,728 shares during the last quarter. 97.19% of the stock is owned by institutional investors.
REV Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given 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 is 181.83%.
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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