REV Group (NYSE:REVG) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $2.45 billion-2.60 billion, compared to the consensus revenue estimate of $2.50 billion.
REV Group stock opened at $15.84 on Wednesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 176.00 and a beta of 2.71. REV Group has a 52 week low of $5.10 and a 52 week high of $22.23. The business’s 50-day moving average is $18.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.61 and a current ratio of 1.85.
REV Group (NYSE:REVG) last posted its earnings results on Sunday, June 6th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.20 by $0.19. The firm had revenue of $643.60 million for the quarter, compared to analyst estimates of $624.80 million. REV Group had a return on equity of 9.96% and a net margin of 0.28%. On average, sell-side analysts anticipate that REV Group will post 1.12 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, June 29th. REV Group’s payout ratio is currently 333.33%.
REVG has been the topic of several research analyst reports. TheStreet raised REV Group from a d+ rating to a c- rating in a report on Thursday, March 4th. Robert W. Baird raised their price objective on REV Group from $22.00 to $25.00 and gave the company an outperform rating in a report on Tuesday, June 8th. BMO Capital Markets reissued a hold rating and issued a $19.00 price objective on shares of REV Group in a report on Monday. Credit Suisse Group raised their price objective on REV Group from $9.20 to $13.00 and gave the company an underperform rating in a report on Wednesday, June 16th. Finally, Morgan Stanley raised their price objective on REV Group from $19.00 to $20.00 and gave the company an equal weight rating in a report on Wednesday, June 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $18.33.
In related news, CEO Rodney M. Rushing acquired 16,750 shares of REV Group stock in a transaction that occurred on Monday, March 29th. The shares were purchased at an average price of $17.98 per share, for a total transaction of $301,165.00. Following the completion of the transaction, the chief executive officer now owns 948,995 shares in the company, valued at approximately $17,062,930.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher M. Daniels acquired 3,200 shares of REV Group stock in a transaction that occurred on Friday, June 11th. The shares were bought at an average price of $15.79 per share, for a total transaction of $50,528.00. Following the transaction, the insider now owns 135,320 shares of the company’s stock, valued at approximately $2,136,702.80. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 97,742 shares of company stock worth $1,552,617. Company insiders own 3.79% of the company’s stock.
About REV Group
REV Group, Inc designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, Europe, Africa, 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, Smeal, and Ladder Tower brands; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, Wheeled Coach, and Frontline brands.
See Also: Systematic Risk and Investors