FY2025 Earnings Estimate for REV Group Issued By DA Davidson

REV Group, Inc. (NYSE:REVG) – Equities researchers at DA Davidson upped their FY2025 EPS estimates for REV Group in a research report issued on Monday, December 16th. DA Davidson analyst M. Shlisky now anticipates that the company will post earnings per share of $2.25 for the year, up from their previous forecast of $2.05. DA Davidson has a “Buy” rating and a $39.00 price objective on the stock. The consensus estimate for REV Group’s current full-year earnings is $1.97 per share.

A number of other analysts have also weighed in on the company. Robert W. Baird increased their target price on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their price target on shares of REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday, December 12th. Finally, StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $33.75.

REV Group Trading Down 4.7 %

Shares of NYSE REVG opened at $32.58 on Tuesday. The business’s 50 day moving average price is $29.58 and its 200-day moving average price is $28.04. REV Group has a fifty-two week low of $16.00 and a fifty-two week high of $35.96. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 1.72. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 7.31 and a beta of 1.61.

Hedge Funds Weigh In On REV Group

Several institutional investors have recently made changes to their positions in REVG. Amalgamated Bank lifted its stake in REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after acquiring an additional 716 shares during the period. Farther Finance Advisors LLC lifted its position in shares of REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after purchasing an additional 461 shares during the period. Atria Investments Inc bought a new position in shares of REV Group during the third quarter valued at approximately $201,000. DekaBank Deutsche Girozentrale increased its holdings in REV Group by 257.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after buying an additional 5,420 shares during the period. Finally, D.A. Davidson & CO. purchased a new position in REV Group during the third quarter valued at approximately $229,000.

REV Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be given a dividend of $0.06 per share. This is an increase from REV Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. REV Group’s dividend payout ratio is presently 5.35%.

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.