REV Group (REVG) Set to Announce Earnings on Wednesday

REV Group (NYSE:REVG - Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, September 4th. Analysts expect REV Group to post earnings of $0.41 per share for the quarter. REV Group has set its FY 2024 guidance at EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

REV Group (NYSE:REVG - Get Free Report) last released its earnings results on Wednesday, June 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.24 by $0.10. The company had revenue of $616.90 million during the quarter, compared to analysts' expectations of $603.17 million. REV Group had a return on equity of 16.85% and a net margin of 9.41%. On average, analysts expect REV Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

REV Group Stock Down 0.3 %

Shares of NYSE:REVG traded down $0.09 during midday trading on Wednesday, reaching $30.04. The company had a trading volume of 768,606 shares, compared to its average volume of 821,889. The stock has a market capitalization of $1.56 billion, a P/E ratio of 7.37 and a beta of 1.61. The stock's fifty day moving average price is $26.93 and its 200-day moving average price is $24.09. 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 one year low of $12.71 and a one year high of $31.17.

REV Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, June 28th. REV Group's payout ratio is currently 4.89%.

Wall Street Analyst Weigh In

A number of research firms recently commented on REVG. StockNews.com upgraded REV Group from a "hold" rating to a "buy" rating in a research note on Tuesday. Morgan Stanley began coverage on REV Group in a research report on Tuesday, June 11th. They issued an "equal weight" rating and a $29.50 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.50.

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.