REV Group Stock Price, News & Analysis (NYSE:REVG)

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for REV Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" REVG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in REVG, but not buy additional shares or sell existing shares.
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4 brokerages have issued 1 year price targets for REV Group's stock. Their REVG share price targets range from $13.00 to $20.00. On average, they predict the company's share price to reach $15.83 in the next twelve months. This suggests that the stock has a possible downside of 1.3%.
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REV Group's stock was trading at $12.62 on January 1st, 2023. Since then, REVG shares have increased by 27.1% and is now trading at $16.04.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 13th 2023.
View our REVG earnings forecast.

REV Group will be holding an earnings conference call on Wednesday, December 13th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13742878".

REV Group, Inc. (NYSE:REVG) posted its earnings results on Wednesday, September, 13th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.10. The firm earned $680 million during the quarter, compared to analysts' expectations of $627.17 million. REV Group had a net margin of 0.95% and a trailing twelve-month return on equity of 12.00%. REV Group's revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS.

REV Group declared a quarterly dividend on Wednesday, September 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.05 per share on Friday, October 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for REVG.

REV Group (NYSE:REVG) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.24%. The dividend payout ratio is 48.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, REVG will have a dividend payout ratio of 14.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for REVG.

ETFs with the largest weight of REV Group (NYSE:REVG) stock in their portfolio include Procure Disaster Recovery Strategy ETF (FIXT).Procure Disaster Recovery Strategy ETF (FEMA).

REV Group updated its FY 2023 earnings guidance on Wednesday, September, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.55 billion-$2.60 billion, compared to the consensus revenue estimate of $2.53 billion.

35 employees have rated REV Group Chief Executive Officer Tim Sullivan on Glassdoor.com. Tim Sullivan has an approval rating of 33% among the company's employees. This puts Tim Sullivan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other REV Group investors own include Simon Property Group (SPG), GB Sciences (GBLX), AT&T (T), Applied Materials (AMAT), Weyerhaeuser (WY), General Mills (GIS), Wells Fargo & Company (WFC), Caterpillar (CAT), Kimco Realty (KIM) and Kinder Morgan (KMI).

(REVG) raised $250 million in an initial public offering on Friday, January 27th 2017. The company issued 12,500,000 shares at $19.00-$21.00 per share. Goldman Sachs, Morgan Stanley and Baird acted as the underwriters for the IPO and BMO Capital Markets, Credit Suisse, Deutsche Bank Securities, Jefferies, Wells Fargo Securities and Stifel were co-managers.

REV Group's stock is owned by many different institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (5.85%), Invesco Ltd. (1.44%), Charles Schwab Investment Management Inc. (1.06%), Ameriprise Financial Inc. (0.72%), Wellington Management Group LLP (0.71%) and Federated Hermes Inc. (0.65%). Insiders that own company stock include Christopher M Daniels, Joel M Rotroff, Jr Mark A Skonieczny, Justin Fish, Paul J Bamatter, Paul J Bamatter, Rodney M Rushing and Stephen W Boettinger.
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Shares of REVG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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