REV Group, Inc. (NYSE:REVG) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• REV Group, Inc. has received a consensus rating of "Moderate Buy" from six analysts, with price objectives ranging from $55.00 to $68.00.
• The company's recent earnings report showed an EPS of $0.79, exceeding estimates, with a year-over-year revenue growth of 11.3%.
• REV Group recently declared a quarterly dividend of $0.06, translating to an annualized yield of 0.4%.

REV Group, Inc. (NYSE:REVG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $56.50.

A number of brokerages have commented on REVG. Weiss Ratings reissued a "buy (b)" rating on shares of REV Group in a research note on Wednesday, October 8th. Zacks Research raised REV Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 1st. DA Davidson raised their price objective on REV Group from $55.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. Morgan Stanley set a $64.00 price objective on REV Group in a research note on Tuesday, September 9th. Finally, Robert W. Baird raised their price objective on REV Group from $50.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of REVG. High Ground Investment Management LLP bought a new position in shares of REV Group in the first quarter valued at approximately $59,288,000. Aberdeen Group plc bought a new position in shares of REV Group in the first quarter valued at approximately $25,796,000. Neuberger Berman Group LLC lifted its holdings in shares of REV Group by 338.2% in the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company's stock valued at $46,191,000 after purchasing an additional 749,113 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of REV Group by 345.5% in the first quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock valued at $20,346,000 after purchasing an additional 499,328 shares in the last quarter. Finally, Bragg Financial Advisors Inc bought a new position in shares of REV Group in the first quarter valued at approximately $11,639,000.

REV Group Trading Up 2.8%

NYSE REVG opened at $60.19 on Friday. The business has a 50 day simple moving average of $56.82 and a 200 day simple moving average of $46.79. REV Group has a one year low of $25.76 and a one year high of $64.47. The stock has a market capitalization of $2.94 billion, a P/E ratio of 28.39 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53.

REV Group (NYSE:REVG - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.63 by $0.16. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The business had revenue of $644.90 million during the quarter, compared to analysts' expectations of $613.24 million. During the same quarter last year, the firm posted $0.48 earnings per share. The firm's revenue was up 11.3% on a year-over-year basis. REV Group has set its FY 2025 guidance at EPS. Research analysts expect that REV Group will post 2.12 earnings per share for the current year.

REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 26th. REV Group's dividend payout ratio (DPR) is 11.32%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.