Several other analysts have also recently commented on REVG. Zacks Investment Research cut Rev Group from a hold rating to a sell rating in a report on Saturday, November 11th. SunTrust Banks started coverage on Rev Group in a report on Friday, November 17th. They issued a buy rating and a $33.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Rev Group presently has an average rating of Buy and an average target price of $33.70.
Shares of Rev Group (REVG) opened at $27.21 on Friday. The company has a market capitalization of $1,756.19 and a PE ratio of 32.01. Rev Group has a 52-week low of $23.38 and a 52-week high of $33.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 1.77.
Rev Group (NYSE:REVG) last posted its quarterly earnings data on Tuesday, December 19th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The company had revenue of $683.90 million for the quarter, compared to analysts’ expectations of $705.73 million. Rev Group had a return on equity of 12.17% and a net margin of 1.38%. The company’s revenue was up 25.5% on a year-over-year basis. analysts expect that Rev Group will post 1.75 earnings per share for the current year.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, January 26th will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 2.21%. The ex-dividend date is Thursday, January 25th. Rev Group’s dividend payout ratio (DPR) is 142.86%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. grew its holdings in Rev Group by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 69,289 shares of the company’s stock valued at $1,918,000 after buying an additional 527 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Rev Group by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 42,565 shares of the company’s stock valued at $1,178,000 after purchasing an additional 1,592 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Rev Group by 5.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 49,295 shares of the company’s stock valued at $1,418,000 after purchasing an additional 2,455 shares in the last quarter. TD Asset Management Inc. lifted its stake in shares of Rev Group by 15.0% in the 3rd quarter. TD Asset Management Inc. now owns 26,019 shares of the company’s stock valued at $748,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Rev Group in the 3rd quarter valued at about $128,000. Institutional investors own 80.45% 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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