Equities analysts expect Rev Group Inc (NYSE:REVG) to announce $639.43 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Rev Group’s earnings, with the highest sales estimate coming in at $649.20 million and the lowest estimate coming in at $623.20 million. Rev Group posted sales of $659.80 million during the same quarter last year, which suggests a negative year over year growth rate of 3.1%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, December 18th.

On average, analysts expect that Rev Group will report full year sales of $2.39 billion for the current financial year, with estimates ranging from $2.37 billion to $2.40 billion. For the next fiscal year, analysts expect that the business will post sales of $2.44 billion, with estimates ranging from $2.42 billion to $2.47 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Rev Group.

Rev Group (NYSE:REVG) last released its earnings results on Wednesday, September 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.23). The firm had revenue of $617.00 million during the quarter, compared to analyst estimates of $632.44 million. Rev Group had a negative net margin of 1.05% and a positive return on equity of 7.09%. Rev Group’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share.

Several analysts have weighed in on REVG shares. ValuEngine downgraded Rev Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. Morgan Stanley reduced their price objective on Rev Group from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Friday, September 6th. Robert W. Baird set a $12.00 target price on Rev Group and gave the stock a “buy” rating in a report on Friday, September 6th. Wells Fargo & Co upped their target price on Rev Group from $10.00 to $11.00 and gave the company a “market perform” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets lowered Rev Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $12.00 to $11.00 in a research report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Rev Group presently has a consensus rating of “Hold” and an average price target of $10.33.

In related news, CEO Timothy W. Sullivan acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average price of $9.58 per share, with a total value of $479,000.00. Following the acquisition, the chief executive officer now directly owns 1,853,160 shares in the company, valued at approximately $17,753,272.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dean J. Nolden bought 9,158 shares of the stock in a transaction dated Monday, September 16th. The stock was bought at an average price of $10.87 per share, for a total transaction of $99,547.46. Following the purchase, the chief financial officer now directly owns 104,525 shares of the company’s stock, valued at $1,136,186.75. The disclosure for this purchase can be found here. 3.71% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Swiss National Bank boosted its position in Rev Group by 4.2% during the second quarter. Swiss National Bank now owns 52,500 shares of the company’s stock worth $757,000 after purchasing an additional 2,100 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Rev Group by 59.4% during the 2nd quarter. Bank of Montreal Can now owns 6,191 shares of the company’s stock worth $89,000 after buying an additional 2,308 shares during the period. Rhumbline Advisers lifted its position in shares of Rev Group by 7.2% during the 3rd quarter. Rhumbline Advisers now owns 42,931 shares of the company’s stock valued at $491,000 after buying an additional 2,881 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Rev Group by 12.7% during the 2nd quarter. Royal Bank of Canada now owns 54,366 shares of the company’s stock valued at $783,000 after buying an additional 6,121 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in Rev Group in the 3rd quarter valued at $84,000.

REVG traded up $0.24 on Wednesday, reaching $13.04. 279,613 shares of the stock were exchanged, compared to its average volume of 281,792. The company’s 50-day moving average price is $13.08 and its 200 day moving average price is $12.52. Rev Group has a fifty-two week low of $6.41 and a fifty-two week high of $14.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.99 and a quick ratio of 0.71. The firm has a market capitalization of $811.19 million, a PE ratio of 12.66, a PEG ratio of 1.48 and a beta of 2.96.

Rev Group Company Profile

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, 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 municipalities and private contractors.

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