REV Group (REVG) to Release Earnings on Wednesday

REV Group (NYSE:REVG) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $492.77 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

REV Group Stock Down 7.8 %

Shares of REVG opened at $28.12 on Tuesday. The company has a market capitalization of $1.46 billion, a P/E ratio of 6.26 and a beta of 1.60. REV Group has a one year low of $17.76 and a one year high of $36.00. The business’s 50 day simple moving average is $32.92 and its 200-day simple moving average is $30.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43.

REV Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.85%. This is a positive change from REV Group’s previous quarterly dividend of $0.05. REV Group’s payout ratio is currently 5.35%.

Analyst Upgrades and Downgrades

REVG has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research note on Thursday, December 12th. Robert W. Baird raised their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, DA Davidson upped their target price on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $33.75.

Insider Activity

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $32.21, for a total value of $146,007.93. Following the transaction, the chief accounting officer now directly owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.

REV Group Company Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.