REV Group, Inc. (NYSE:REVG – Free Report) – Equities researchers at DA Davidson lowered their FY2024 earnings per share (EPS) estimates for shares of REV Group in a research report issued on Friday, December 15th. DA Davidson analyst M. Shlisky now expects that the company will post earnings of $1.45 per share for the year, down from their prior forecast of $1.49. DA Davidson has a “Buy” rating and a $20.00 price target on the stock. The consensus estimate for REV Group’s current full-year earnings is $1.38 per share.

A number of other analysts have also recently commented on the company. Robert W. Baird upped their price target on REV Group from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 13th. The Goldman Sachs Group upped their target price on REV Group from $13.00 to $14.00 in a research note on Wednesday, September 13th. Credit Suisse Group lifted their target price on REV Group from $12.00 to $13.00 in a report on Wednesday, September 13th. Finally, StockNews.com initiated coverage on REV Group in a research note on Thursday, October 5th. They issued a “strong-buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.40.

Check Out Our Latest Analysis on REVG

REV Group Trading Down 0.7 %

Shares of NYSE:REVG opened at $18.55 on Monday. REV Group has a 1 year low of $9.85 and a 1 year high of $19.28. The stock’s fifty day moving average price is $15.56 and its 200-day moving average price is $14.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.65 and a quick ratio of 0.48. The company has a market cap of $1.10 billion, a P/E ratio of 24.41 and a beta of 1.79.

REV Group (NYSE:REVG – Get Free Report) last issued its quarterly earnings results on Wednesday, December 13th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.19. The company had revenue of $693.30 million for the quarter, compared to analysts’ expectations of $666.13 million. REV Group had a return on equity of 15.23% and a net margin of 1.72%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share.

Institutional Trading of REV Group

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its position in shares of REV Group by 22.8% during the 3rd quarter. Wellington Management Group LLP now owns 422,103 shares of the company’s stock valued at $6,754,000 after acquiring an additional 78,453 shares in the last quarter. Walleye Capital LLC increased its position in shares of REV Group by 7.9% during the third quarter. Walleye Capital LLC now owns 80,234 shares of the company’s stock worth $1,284,000 after acquiring an additional 5,849 shares in the last quarter. Royal Bank of Canada grew its position in REV Group by 2.2% in the third quarter. Royal Bank of Canada now owns 58,418 shares of the company’s stock valued at $935,000 after purchasing an additional 1,264 shares in the last quarter. Legal & General Group Plc grew its position in REV Group by 35.1% in the third quarter. Legal & General Group Plc now owns 27,211 shares of the company’s stock valued at $435,000 after purchasing an additional 7,067 shares in the last quarter. Finally, Quadrature Capital Ltd grew its position in shares of REV Group by 119.7% in the 3rd quarter. Quadrature Capital Ltd now owns 38,139 shares of the company’s stock valued at $610,000 after acquiring an additional 20,782 shares during the period. 94.92% of the stock is currently owned by institutional investors.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, December 26th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $0.20 annualized dividend and a dividend yield of 1.08%. REV Group’s payout ratio is currently 26.32%.

About REV Group (Get Free Report)

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.

Further Reading

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Original: MarketBeat News Feed: DA Davidson Comments on REV Group, Inc.’s FY2024 Earnings (NYSE:REVG)