Favorable News Coverage Somewhat Unlikely to Affect Rev Group (REVG) Stock Price

News stories about Rev Group (NASDAQ:REVG) have trended positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rev Group earned a media sentiment score of 0.39 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.1403110936802 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Separately, Zacks Investment Research lowered Rev Group from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.11.

Shares of Rev Group (NASDAQ:REVG) traded down 0.5928% during midday trading on Thursday, hitting $24.5337. The company had a trading volume of 31,396 shares. Rev Group has a one year low of $23.55 and a one year high of $31.60. The company’s 50 day moving average is $26.08 and its 200 day moving average is $27.28. The firm has a market cap of $1.56 billion and a price-to-earnings ratio of 83.7328.

Rev Group (NASDAQ:REVG) last issued its quarterly earnings data on Tuesday, June 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Rev Group had a return on equity of 6.72% and a net margin of 1.25%. The company had revenue of $545.32 million during the quarter, compared to analysts’ expectations of $570.27 million. Equities analysts forecast that Rev Group will post $1.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, July 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, July 27th.

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About Rev Group

REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).