Is it time to Buy before this week’s earning report Rev Group (NYSE:REVG)

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Earnings results for Rev Group (NYSE:REVG)

REV Group, Inc. is expected* to report earnings on 09/09/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.04. The reported EPS for the same quarter last year was $0.19.

Rev Group last posted its quarterly earnings data on June 8th, 2020. The reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. The company earned $547 million during the quarter, compared to the consensus estimate of $489.05 million. Its revenue was down 11.1% compared to the same quarter last year. Rev Group has generated $0.40 earnings per share over the last year. Rev Group has confirmed that its next quarterly earnings report will be published on Wednesday, September 9th, 2020.

Analyst Opinion on Rev Group (NYSE:REVG)

7 Wall Street analysts have issued ratings and price targets for Rev Group in the last 12 months. Their average twelve-month price target is $7.57, predicting that the stock has a possible downside of 5.24%. The high price target for REVG is $12.00 and the low price target for REVG is $5.00. There are currently 4 sell ratings, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Rev Group has received a consensus rating of Hold. The company’s average rating score is 1.57, and is based on 1 buy rating, 2 hold ratings, and 4 sell ratings. According to analysts’ consensus price target of $7.57, Rev Group has a forecasted downside of 5.2% from its current price of $7.99. Rev Group has received no research coverage in the past 90 days.

Dividend Strength: Rev Group (NYSE:REVG)

Rev Group pays a meaningful dividend of 2.44%, higher than the bottom 25% of all stocks that pay dividends. Rev Group has only been increasing its dividend for 1 years. The dividend payout ratio of Rev Group is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Rev Group will have a dividend payout ratio of 33.33% next year. This indicates that Rev Group will be able to sustain or increase its dividend.

Insiders buying/selling: Rev Group (NYSE:REVG)

In the past three months, Rev Group insiders have not sold or bought any company stock. Only 3.40% of the stock of Rev Group is held by insiders. 93.42% of the stock of Rev Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Rev Group (NYSE:REVG

Earnings for Rev Group are expected to grow in the coming year, from ($0.13) to $0.60 per share. The P/E ratio of Rev Group is -24.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Rev Group is -24.97, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Rev Group has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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