REV Group (NYSE:REVG) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

REV Group (NYSE:REVG) released its quarterly earnings results on Wednesday. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06, Briefing.com reports. The firm had revenue of $579.40 million during the quarter, compared to analyst estimates of $618.70 million. REV Group had a return on equity of 16.85% and a net margin of 9.41%. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. REV Group updated its FY 2024 guidance to EPS.

REV Group Trading Down 11.1 %

Shares of NYSE REVG opened at $26.86 on Thursday. REV Group has a twelve month low of $12.71 and a twelve month high of $31.85. The company has a current ratio of 1.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $27.48 and a 200-day simple moving average of $24.57. The stock has a market capitalization of $1.39 billion, a PE ratio of 6.57 and a beta of 1.59.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley started coverage on REV Group in a research report on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 target price on the stock. StockNews.com upgraded REV Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.50.

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.