REV Group (NYSE:REVG) Hits New 1-Year High - What's Next?

Key Points

• REV Group, Inc. recently hit a new 52-week high of $53.87 during trading, with a price currently at $53.61, marking a significant increase from the previous close of $52.31.
• Analysts have given mixed ratings on the stock, with Wall Street Zen upgrading it to a "strong-buy" while others have varying price targets, currently averaging at $42.25.
• The company reported better-than-expected quarterly earnings, with an EPS of $0.70 versus a consensus estimate of $0.57, indicating strong performance in revenue growth.

REV Group, Inc. (NYSE:REVG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $53.87 and last traded at $53.61, with a volume of 360624 shares trading hands. The stock had previously closed at $52.31.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on REVG. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $33.00 to $46.00 in a research note on Wednesday, June 18th. The Goldman Sachs Group boosted their price objective on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Finally, DA Davidson boosted their price objective on REV Group from $51.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, REV Group presently has an average rating of "Hold" and an average target price of $42.25.

REV Group Trading Up 2.7%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.66. The business has a 50 day moving average of $48.47 and a two-hundred day moving average of $38.97. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 28.50 and a beta of 1.18.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.13. The firm had revenue of $629.10 million during the quarter, compared to analyst estimates of $603.51 million. REV Group had a return on equity of 23.99% and a net margin of 4.16%.The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. REV Group has set its FY 2025 guidance at EPS. Equities analysts predict that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a dividend of $0.06 per share. 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, June 27th. REV Group's payout ratio is currently 12.77%.

Insider Buying and Selling

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the completion of the sale, the chief executive officer directly owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. The trade was a 15.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of REV Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Neuberger Berman Group LLC increased its position in shares of REV Group by 338.2% during the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company's stock valued at $46,191,000 after acquiring an additional 749,113 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of REV Group during the second quarter valued at approximately $514,000. Tower Research Capital LLC TRC increased its position in shares of REV Group by 600.0% during the second quarter. Tower Research Capital LLC TRC now owns 8,120 shares of the company's stock valued at $386,000 after acquiring an additional 6,960 shares during the last quarter. Cannell Capital LLC purchased a new stake in shares of REV Group during the second quarter valued at approximately $2,294,000. Finally, Captrust Financial Advisors bought a new position in REV Group during the second quarter valued at $245,000.

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.

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.