FY2025 Earnings Estimate for REV Group Issued By DA Davidson

REV Group, Inc. (NYSE:REVG - Free Report) - Equities researchers at DA Davidson raised their FY2025 earnings per share (EPS) estimates for REV Group in a research report issued to clients and investors on Monday, December 16th. DA Davidson analyst M. Shlisky now anticipates that the company will post earnings of $2.25 per share for the year, up from their prior forecast of $2.05. DA Davidson currently has a "Buy" rating and a $39.00 target price on the stock. The consensus estimate for REV Group's current full-year earnings is $1.97 per share.

Several other research firms also recently issued reports on REVG. Robert W. Baird lifted their price target on shares of REV Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. The Goldman Sachs Group lifted their target price on REV Group from $25.00 to $28.50 and gave the stock a "sell" rating in a research report on Thursday, December 12th. Finally, StockNews.com downgraded REV Group from a "buy" rating to a "hold" rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $33.75.

REV Group Trading Down 4.7 %

REVG traded down $1.59 during trading on Tuesday, hitting $32.58. 887,665 shares of the company's stock were exchanged, compared to its average volume of 767,329. REV Group has a 1 year low of $16.00 and a 1 year high of $35.96. The stock has a 50 day moving average price of $29.58 and a 200 day moving average price of $28.04. The firm has a market cap of $1.70 billion, a P/E ratio of 7.31 and a beta of 1.61. The company has a current ratio of 1.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20.

REV Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 26th. This is a positive change from REV Group's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. REV Group's dividend payout ratio (DPR) is currently 5.35%.

Institutional Trading of REV Group

Hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in shares of REV Group by 0.8% in the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock valued at $2,776,000 after purchasing an additional 766 shares in the last quarter. Geode Capital Management LLC lifted its stake in REV Group by 15.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company's stock worth $36,621,000 after acquiring an additional 173,759 shares in the last quarter. Barclays PLC boosted its position in REV Group by 355.5% during the 3rd quarter. Barclays PLC now owns 89,619 shares of the company's stock worth $2,515,000 after acquiring an additional 69,946 shares during the period. XTX Topco Ltd purchased a new position in REV Group during the 3rd quarter valued at about $277,000. Finally, State Street Corp increased its holdings in shares of REV Group by 3.3% in the 3rd quarter. State Street Corp now owns 1,089,130 shares of the company's stock valued at $30,615,000 after purchasing an additional 35,066 shares during the period.

About REV Group

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, 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, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.