REV Group (REVG) Receiving Positive News Coverage, Analysis Shows
Media coverage about REV Group (NYSE:REVG) has been trending positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. REV Group earned a coverage optimism score of 0.42 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.6300360463023 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s analysis:
- REV Group Target of Unusually Large Options Trading (REVG) (americanbankingnews.com)
- Q2 2018 Earnings Forecast for REV Group Inc (REVG) Issued By Jefferies Group (americanbankingnews.com)
- Head-To-Head Contrast: REV Group (REVG) and Its Competitors (americanbankingnews.com)
- FY2018 EPS Estimates for REV Group Inc (REVG) Lowered by Jefferies Group (americanbankingnews.com)
- REV Group Inc (REVG) Short Interest Up 61.5% in March (americanbankingnews.com)
Several analysts recently commented on REVG shares. Morgan Stanley started coverage on REV Group in a research report on Friday, March 2nd. They issued an “equal weight” rating and a $32.00 target price on the stock. Zacks Investment Research cut REV Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. SunTrust Banks lowered their target price on REV Group to $31.00 and set a “buy” rating on the stock in a research report on Friday, March 9th. Credit Suisse Group restated an “outperform” rating and issued a $32.00 target price (down from $36.00) on shares of REV Group in a research report on Friday, March 9th. Finally, Robert W. Baird set a $27.00 target price on REV Group and gave the company a “buy” rating in a research report on Friday, April 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $31.29.
REV Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, March 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. REV Group had a return on equity of 13.93% and a net margin of 2.31%. The company had revenue of $514.90 million for the quarter, compared to analysts’ expectations of $513.04 million. During the same period last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. research analysts expect that REV Group will post 1.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Monday, April 30th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, April 27th. REV Group’s dividend payout ratio (DPR) is presently 63.83%.
In other news, CEO Timothy W. Sullivan purchased 100,000 shares of the stock in a transaction dated Tuesday, March 13th. The shares were bought at an average cost of $22.53 per share, for a total transaction of $2,253,000.00. Following the transaction, the chief executive officer now owns 108,620 shares in the company, valued at $2,447,208.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.00% of the stock is currently owned by company insiders.
About REV Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipal fire departments, EMS providers, and private fleets through dealers.
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