FY2025 Earnings Forecast for REV Group Issued By DA Davidson

REV Group, Inc. (NYSE:REVG) – DA Davidson upped their FY2025 EPS estimates for REV Group in a report released on Monday, December 16th. DA Davidson analyst M. Shlisky now forecasts that the company will earn $2.25 per share for the year, up from their prior 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.

Other equities analysts also recently issued reports about the company. StockNews.com downgraded REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. The Goldman Sachs Group upped their price target 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, Robert W. Baird increased their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $33.75.

REV Group Trading Down 4.7 %

Shares of REV Group stock opened at $32.58 on Tuesday. REV Group has a fifty-two week low of $16.00 and a fifty-two week high of $35.96. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 1.72. The company has a market capitalization of $1.70 billion, a P/E ratio of 7.31 and a beta of 1.61. The company has a fifty day moving average of $29.58 and a 200 day moving average of $28.04.

Hedge Funds Weigh In On REV Group

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of REV Group by 68.3% during the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company’s stock valued at $173,227,000 after acquiring an additional 2,504,568 shares during the last quarter. Geode Capital Management LLC raised its stake in REV Group by 15.4% during the third quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock valued at $36,621,000 after purchasing an additional 173,759 shares in the last quarter. State Street Corp lifted its position in REV Group by 3.3% during the third quarter. State Street Corp now owns 1,089,130 shares of the company’s stock valued at $30,615,000 after purchasing an additional 35,066 shares during the last quarter. Nicholas Investment Partners LP grew its stake in shares of REV Group by 4.8% in the 2nd quarter. Nicholas Investment Partners LP now owns 755,001 shares of the company’s stock worth $18,792,000 after buying an additional 34,555 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of REV Group by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company’s stock worth $20,120,000 after buying an additional 18,936 shares during the last quarter.

REV Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be given a $0.06 dividend. This is an increase from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, December 26th. REV Group’s payout ratio is currently 5.35%.

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.