REV Group (REVG) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for REV Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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 analysts have issued 1-year price targets for REV Group's stock. Their REVG share price forecasts range from $13.00 to $20.00. On average, they predict the company's stock price to reach $15.17 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
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REV Group's stock was trading at $12.62 at the beginning of the year. Since then, REVG shares have increased by 24.4% and is now trading at $15.70.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 13th 2023.
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REV Group, Inc. (NYSE:REVG) released its quarterly earnings results on Wednesday, September, 13th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. The business earned $680 million during the quarter, compared to analysts' expectations of $627.17 million. REV Group had a trailing twelve-month return on equity of 12.00% and a net margin of 0.95%. The firm's revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS.

REV Group declared a quarterly dividend on Wednesday, September 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.05 per share on Friday, October 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, September 28th.
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 (NYSE:REVG) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.32%. 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 16.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for REVG.

REV Group updated its FY 2023 earnings guidance on Wednesday, September, 13th. The company provided 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 (IPO) 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 served 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "REVG."

REV Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (5.86%), Dimensional Fund Advisors LP (4.83%), Segall Bryant & Hamill LLC (4.42%), Alliancebernstein L.P. (4.39%), BlackRock Inc. (3.80%) and State Street Corp (1.22%). 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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One share of REVG stock can currently be purchased for approximately $15.70.

REV Group (NYSE:REVG) has a market capitalization of $931.17 million and generates $2.33 billion in revenue each year. The company earns $15.20 million in net income (profit) each year or $0.41 on an earnings per share basis.

The company employs 6,873 workers across the globe.

REV Group's mailing address is 245 South Executive Drive, Brookfield WI, 53005. The official website for the company is www.revgroup.com. The company can be reached via phone at (414) 290-0190 or via email at investors@revgroup.com.