Rev Group Inc’s (REVG) Lock-Up Period To End on July 26th

Rev Group’s (NASDAQ:REVG) lock-up period will end on Wednesday, July 26th. Rev Group had issued 12,500,000 shares in its IPO on January 27th. The total size of the offering was $275,000,000 based on an initial share price of $22.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Separately, Zacks Investment Research cut Rev Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $32.11.

TRADEMARK VIOLATION WARNING: This report was originally reported by BNB Daily and is owned by of BNB Daily. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/rev-group-incs-revg-lock-up-period-to-end-tomorrow-updated-updated-updated.html.

Shares of Rev Group (REVG) traded up 2.37% during midday trading on Friday, hitting $24.57. 188,184 shares of the stock traded hands. The stock has a market cap of $1.57 billion and a price-to-earnings ratio of 83.86. The firm has a 50-day moving average price of $26.30 and a 200 day moving average price of $27.28. Rev Group has a one year low of $23.55 and a one year high of $31.60.

Rev Group (NASDAQ:REVG) last posted its quarterly earnings data on Tuesday, June 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. Rev Group had a net margin of 1.25% and a return on equity of 6.72%. The company had revenue of $545.32 million for the quarter, compared to the consensus estimate of $570.27 million. Analysts anticipate that Rev Group will post $1.17 earnings per share for the current year.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Rev Group by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,204,841 shares of the company’s stock worth $33,350,000 after buying an additional 60,773 shares during the period. Columbia Wanger Asset Management LLC acquired a new stake in shares of Rev Group during the first quarter worth about $28,622,000. Park West Asset Management LLC acquired a new stake in shares of Rev Group during the first quarter worth about $22,061,000. Wells Fargo & Company MN boosted its stake in shares of Rev Group by 11.7% in the second quarter. Wells Fargo & Company MN now owns 721,306 shares of the company’s stock worth $19,966,000 after buying an additional 75,278 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Rev Group during the second quarter worth about $18,470,000.

Rev Group Company Profile

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).

Receive News & Ratings for Rev Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rev Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply