REV Group - REVG Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for REV Group in the last twelve months. There are currently 2 sell ratings, 3 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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6 Wall Street analysts have issued twelve-month target prices for REV Group's stock. Their REVG share price forecasts range from $11.00 to $16.00. On average, they expect the company's stock price to reach $13.17 in the next year. This suggests a possible upside of 15.4% from the stock's current price.
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REV Group's stock was trading at $12.62 at the start of the year. Since then, REVG stock has decreased by 9.6% and is now trading at $11.41.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 6th 2023.
View our REVG earnings forecast.

REV Group, Inc. (NYSE:REVG) announced its quarterly earnings results on Wednesday, March, 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.06. The business had revenue of $583.50 million for the quarter, compared to the consensus estimate of $504.73 million. REV Group had a net margin of 0.10% and a trailing twelve-month return on equity of 8.49%.

REV Group declared a quarterly dividend on Wednesday, March 8th. Investors of record on Friday, March 31st will be paid a dividend of $0.05 per share on Friday, April 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, March 30th.
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 1.72%. The dividend payout ratio is 500.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, REVG will have a dividend payout ratio of 18.87% 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, March, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.30 billion-$2.50 billion, compared to the consensus revenue estimate of $2.37 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 a price of $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 shareholders include Pzena Investment Management LLC (6.41%), Alliancebernstein L.P. (5.17%), Dimensional Fund Advisors LP (4.53%), Franklin Resources Inc. (2.61%), Geode Capital Management LLC (0.99%) and Millennium Management LLC (0.87%). 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 $11.41.

REV Group (NYSE:REVG) has a market capitalization of $678.44 million and generates $2.33 billion in revenue each year. The company earns $15.20 million in net income (profit) each year or $0.04 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.