REV Group (NYSE:REVG - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.06, Briefing.com reports. REV Group had a return on equity of 16.85% and a net margin of 9.41%. The company had revenue of $579.40 million during the quarter, compared to analysts' expectations of $618.70 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business's revenue was down 14.8% on a year-over-year basis. REV Group updated its FY 2024 guidance to EPS.
REV Group Trading Down 3.5 %
Shares of REV Group stock traded down $0.93 during trading on Thursday, hitting $25.93. The company's stock had a trading volume of 1,224,636 shares, compared to its average volume of 837,995. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.75 and a quick ratio of 0.53. REV Group has a 52 week low of $12.71 and a 52 week high of $31.85. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 6.34 and a beta of 1.59. The stock has a 50-day moving average price of $27.50 and a two-hundred day moving average price of $24.58.
REV Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. REV Group's dividend payout ratio is 4.89%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of REV Group from $22.00 to $25.00 and gave the company a "sell" rating in a research report on Thursday. StockNews.com upgraded shares of REV Group from a "hold" rating to a "buy" rating in a research report on Tuesday, August 27th. DA Davidson reiterated a "buy" rating and issued a $33.00 price target on shares of REV Group in a research report on Thursday. Finally, Morgan Stanley assumed coverage on shares of REV Group in a research report on Tuesday, June 11th. They issued an "equal weight" rating and a $29.50 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $24.10.
Read Our Latest Stock Report on REVG
REV Group Company Profile
(
Get Free Report)
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.
Read More
Before you consider REV Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and REV Group wasn't on the list.
While REV Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.