REV Group (NYSE:REVG) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

REV Group (NYSE:REVG) announced its quarterly earnings data on Wednesday. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10, MarketWatch Earnings reports. The company had revenue of $586.00 million for the quarter, compared to analysts’ expectations of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. REV Group’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm posted $0.04 EPS. REV Group updated its FY 2024 guidance to EPS.

REV Group Stock Performance

Shares of REVG stock opened at $18.66 on Friday. The company has a market capitalization of $966.59 million, a P/E ratio of 4.61 and a beta of 1.70. REV Group has a fifty-two week low of $9.85 and a fifty-two week high of $21.33. The stock has a 50 day moving average price of $18.57 and a two-hundred day moving average price of $16.54.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Thursday, March 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.07%. REV Group’s dividend payout ratio (DPR) is currently 4.94%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of REV Group from a “strong-buy” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in REVG. Tower Research Capital LLC TRC boosted its position in REV Group by 107.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,295 shares of the company’s stock valued at $25,000 after buying an additional 1,191 shares during the period. Quarry LP boosted its holdings in shares of REV Group by 48.1% during the fourth quarter. Quarry LP now owns 1,762 shares of the company’s stock worth $32,000 after purchasing an additional 572 shares during the period. Advisor Group Holdings Inc. increased its holdings in REV Group by 63.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock valued at $39,000 after purchasing an additional 1,208 shares during the period. UBS Group AG increased its holdings in REV Group by 1,593.3% during the 3rd quarter. UBS Group AG now owns 5,080 shares of the company’s stock valued at $56,000 after purchasing an additional 4,780 shares during the period. Finally, West Tower Group LLC raised its position in REV Group by 2,055.0% during the 4th quarter. West Tower Group LLC now owns 3,254 shares of the company’s stock valued at $59,000 after purchasing an additional 3,103 shares during the last quarter. Institutional investors own 94.92% of the company’s stock.

REV Group Company Profile

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.