REV Group (NYSE:REVG) Releases FY 2021 Earnings Guidance

REV Group (NYSE:REVG) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $2.45 billion-2.60 billion, compared to the consensus revenue estimate of $2.50 billion.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of REV Group from a hold rating to a buy rating and set a $23.00 target price on the stock in a research note on Tuesday, March 16th. Morgan Stanley upped their price objective on REV Group from $19.00 to $20.00 and gave the company an equal weight rating in a research note on Wednesday. TheStreet upgraded shares of REV Group from a d+ rating to a c- rating in a research report on Thursday, March 4th. Robert W. Baird upped their price target on shares of REV Group from $22.00 to $25.00 and gave the company an outperform rating in a research report on Tuesday. Finally, BMO Capital Markets lifted their price target on shares of REV Group from $10.00 to $19.00 and gave the stock a market perform rating in a report on Friday, March 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. REV Group currently has a consensus rating of Hold and a consensus target price of $17.17.

REV Group stock traded down $0.05 during mid-day trading on Friday, hitting $15.95. 152,085 shares of the stock were exchanged, compared to its average volume of 355,449. The firm has a market capitalization of $1.03 billion, a PE ratio of -47.06 and a beta of 2.71. REV Group has a 12 month low of $5.10 and a 12 month high of $22.23. The company has a quick ratio of 0.61, a current ratio of 1.93 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average price is $18.77.

REV Group (NYSE:REVG) last released its earnings results on Sunday, June 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.19. REV Group had a negative net margin of 0.93% and a positive return on equity of 3.24%. On average, analysts forecast that REV Group will post 0.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Wednesday, June 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.25%.

In other REV Group news, CEO Rodney M. Rushing purchased 16,750 shares of the company’s stock in a transaction on Monday, March 29th. The shares were purchased at an average cost of $17.98 per share, with a total value of $301,165.00. Following the completion of the purchase, the chief executive officer now owns 948,995 shares in the company, valued at $17,062,930.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.79% of the company’s stock.

REV Group Company Profile

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, the Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers various fire apparatus and ambulance products for municipalities and private contractors.

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