REV Group (REVG) Expected to Announce Quarterly Earnings on Wednesday

REV Group (NYSE:REVG) will likely be announcing its earnings results 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. Investors that are interested in participating in the company’s conference call can do so using this link.

REV Group Stock Performance

NYSE:REVG opened at $30.07 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.57 billion, a P/E ratio of 6.70 and a beta of 1.60. REV Group has a fifty-two week low of $17.76 and a fifty-two week high of $36.00. The firm’s 50 day moving average is $33.01 and its two-hundred day moving average is $30.44.

REV Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, December 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. This is an increase from REV Group’s previous quarterly dividend of $0.05. REV Group’s dividend payout ratio (DPR) is currently 5.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on REVG. Robert W. Baird raised their target price on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their target price on shares of REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research note on Thursday, December 12th. Finally, DA Davidson raised their target price on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, REV Group presently has a consensus rating of “Hold” and an average price target of $33.75.

Insider Activity at REV Group

In related news, CAO Joseph Ladue sold 4,533 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction of $146,007.93. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

About REV Group

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.