FY2025 Earnings Forecast for REV Group Issued By DA Davidson

REV Group, Inc. (NYSE:REVG) – Investment analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for REV Group in a research note issued on Monday, December 16th. DA Davidson analyst M. Shlisky now expects that the company will earn $2.25 per share for the year, up from their previous forecast of $2.05. DA Davidson currently has a “Buy” rating and a $39.00 target price on the stock. The consensus estimate for REV Group’s current full-year earnings is $1.97 per share.

Several other analysts have also commented on the stock. Robert W. Baird increased their target price on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group raised their price objective on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday, December 12th. Finally, StockNews.com lowered REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $33.75.

REV Group Price Performance

Shares of REV Group stock opened at $34.17 on Tuesday. REV Group has a 52 week low of $16.00 and a 52 week high of $35.96. The company has a current ratio of 1.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $29.58 and its two-hundred day moving average price is $28.04. The stock has a market cap of $1.78 billion, a PE ratio of 7.61 and a beta of 1.61.

REV Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be paid a $0.06 dividend. This is a positive change from REV Group’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, December 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.70%. REV Group’s dividend payout ratio (DPR) is currently 5.35%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after acquiring an additional 461 shares in the last quarter. Amalgamated Bank lifted its position in shares of REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after purchasing an additional 716 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of REV Group by 0.8% in the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company’s stock worth $2,776,000 after purchasing an additional 766 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of REV Group by 2.9% during the third quarter. Victory Capital Management Inc. now owns 29,334 shares of the company’s stock worth $823,000 after purchasing an additional 822 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in REV Group by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,806 shares of the company’s stock valued at $269,000 after purchasing an additional 1,067 shares in the last quarter.

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.