REV Group (NYSE:REVG – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06, Briefing.com reports. The business had revenue of $579.40 million during the quarter, compared to the consensus estimate 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 was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS. REV Group updated its FY 2024 guidance to EPS.
REV Group Trading Down 0.3 %
REVG traded down $0.07 during midday trading on Friday, hitting $25.85. The company’s stock had a trading volume of 33,701 shares, compared to its average volume of 833,281. 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 firm has a market cap of $1.34 billion, a P/E ratio of 6.34 and a beta of 1.59. The firm has a 50-day moving average price of $27.50 and a two-hundred day moving average price of $24.58. REV Group has a 52-week low of $12.71 and a 52-week high of $31.85.
REV Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, September 27th. REV Group’s dividend payout ratio (DPR) is 4.89%.
Analysts Set New Price Targets
Read Our Latest Research Report on REV Group
REV Group Company Profile
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.
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