$714.13 Million in Sales Expected for Rev Group Inc (REVG) This Quarter
Equities analysts forecast that Rev Group Inc (NYSE:REVG) will report sales of $714.13 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Rev Group’s earnings. The lowest sales estimate is $693.80 million and the highest is $727.30 million. Rev Group reported sales of $683.93 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.4%. The company is scheduled to announce its next earnings report on Tuesday, December 18th.
On average, analysts expect that Rev Group will report full-year sales of $2.43 billion for the current year, with estimates ranging from $2.40 billion to $2.45 billion. For the next year, analysts forecast that the company will report sales of $2.54 billion per share, with estimates ranging from $2.43 billion to $2.60 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Rev Group.
Rev Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, September 5th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.06). The firm had revenue of $597.70 million for the quarter, compared to the consensus estimate of $649.64 million. Rev Group had a net margin of 2.40% and a return on equity of 13.12%. Rev Group’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share.
In related news, Director John Canan purchased 5,040 shares of Rev Group stock in a transaction that occurred on Monday, June 25th. The shares were acquired at an average cost of $16.04 per share, for a total transaction of $80,841.60. Following the transaction, the director now directly owns 5,763 shares in the company, valued at $92,438.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of REVG. Bank of Montreal Can grew its position in Rev Group by 271.7% during the 2nd quarter. Bank of Montreal Can now owns 11,947 shares of the company’s stock worth $204,000 after acquiring an additional 8,733 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Rev Group by 31.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 11,728 shares of the company’s stock worth $243,000 after buying an additional 2,827 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in Rev Group by 79.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 14,695 shares of the company’s stock worth $305,000 after buying an additional 6,507 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Rev Group by 161.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 23,698 shares of the company’s stock worth $403,000 after buying an additional 14,617 shares during the period. Finally, American International Group Inc. lifted its holdings in Rev Group by 27.2% in the 1st quarter. American International Group Inc. now owns 19,490 shares of the company’s stock worth $405,000 after buying an additional 4,172 shares during the period.
Shares of Rev Group stock traded up $0.19 during trading on Wednesday, hitting $15.65. 412,600 shares of the stock traded hands, compared to its average volume of 651,439. The company has a current ratio of 2.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $945.39 million, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.99 and a beta of 1.61. Rev Group has a 52 week low of $12.73 and a 52 week high of $33.15.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, October 31st will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, October 30th. This represents a $0.20 annualized dividend and a yield of 1.28%. Rev Group’s payout ratio is 21.28%.
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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