Rev Group (REVG) Getting Favorable Media Coverage, Report Finds
Media coverage about Rev Group (NASDAQ:REVG) has been trending positive on Sunday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Rev Group earned a media sentiment score of 0.38 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.3261158791333 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Rev Group Inc (REVG) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Rev Group Inc (REVG) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Rev Group Inc (REVG) COO Sells $267,300.00 in Stock (americanbankingnews.com)
- Rev Group Inc Plans Quarterly Dividend of $0.05 (REVG) (americanbankingnews.com)
Separately, Zacks Investment Research downgraded shares of Rev Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $32.00.
Rev Group (REVG) traded up 1.70% during trading on Friday, hitting $26.92. 281,633 shares of the company’s stock traded hands. The company’s 50 day moving average price is $26.51 and its 200 day moving average price is $27.26. The company has a market cap of $1.72 billion and a PE ratio of 83.60. Rev Group has a 52-week low of $24.50 and a 52-week high of $29.17.
Rev Group (NASDAQ:REVG) last released its earnings results on Thursday, September 7th. The company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.05. The company had revenue of $595.60 million for the quarter, compared to analysts’ expectations of $619.57 million. Rev Group had a return on equity of 11.25% and a net margin of 2.55%. The firm’s revenue was up 12.8% compared to the same quarter last year. Analysts expect that Rev Group will post $1.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, October 31st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, October 30th.
In other news, COO Thomas B. Phillips sold 10,000 shares of Rev Group stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $26.73, for a total transaction of $267,300.00. Following the sale, the chief operating officer now directly owns 10,000 shares in the company, valued at approximately $267,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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Rev Group Company Profile
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
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