REV Group (NYSE:REVG – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10, MarketWatch Earnings reports. The company had revenue of $680.00 million during the quarter, compared to the consensus estimate of $627.17 million. REV Group had a return on equity of 12.12% and a net margin of 0.95%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS. REV Group updated its FY 2023 guidance to EPS.
REV Group Stock Performance
NYSE:REVG opened at $14.84 on Friday. The business’s 50-day moving average price is $13.33 and its two-hundred day moving average price is $12.21. REV Group has a twelve month low of $9.85 and a twelve month high of $16.38. The stock has a market cap of $882.83 million, a P/E ratio of 36.20 and a beta of 1.98. The company has a quick ratio of 0.50, a current ratio of 1.73 and a debt-to-equity ratio of 0.51.
REV Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. REV Group’s payout ratio is currently 48.78%.
Institutional Trading of REV Group
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Robert W. Baird increased their price target on REV Group from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday. Credit Suisse Group increased their price target on REV Group from $12.00 to $13.00 in a research note on Wednesday. DA Davidson raised their target price on REV Group from $13.50 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group raised their target price on REV Group from $13.00 to $14.00 in a research note on Wednesday. Finally, TheStreet upgraded REV Group from a “c” rating to a “b” rating in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $15.17.
REV Group Company Profile
REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Europe, 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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