Press coverage about Raven Industries (NASDAQ:RAVN) has trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Raven Industries earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the conglomerate an impact score of 46.3361419610109 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Raven Industries (NASDAQ RAVN) traded down 0.30% during trading on Wednesday, hitting $33.25. 117,437 shares of the company traded hands. The firm has a 50 day moving average price of $30.52 and a 200-day moving average price of $32.19. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 39.54 and a beta of 1.46. Raven Industries has a one year low of $20.21 and a one year high of $37.40.
Raven Industries (NASDAQ:RAVN) last posted its quarterly earnings results on Wednesday, August 23rd. The conglomerate reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $86.61 million during the quarter, compared to analysts’ expectations of $81.48 million. Raven Industries had a net margin of 9.57% and a return on equity of 11.67%. Analysts predict that Raven Industries will post $0.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, October 12th. Raven Industries’s dividend payout ratio is currently 61.18%.
Several equities analysts recently issued reports on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 price objective on shares of Raven Industries in a research note on Sunday, October 1st. SunTrust Banks, Inc. assumed coverage on shares of Raven Industries in a research note on Friday, August 18th. They set a “hold” rating and a $36.00 price objective on the stock. BidaskClub downgraded shares of Raven Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Dougherty & Co reissued a “buy” rating on shares of Raven Industries in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Raven Industries presently has an average rating of “Hold” and a consensus target price of $33.50.
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In related news, Director Marc E. Lebaron purchased 1,457 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was acquired at an average cost of $27.55 per share, for a total transaction of $40,140.35. Following the completion of the acquisition, the director now owns 3,457 shares in the company, valued at approximately $95,240.35. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.80% of the company’s stock.
About Raven Industries
Raven Industries, Inc is a diversified technology company providing a range of products to customers within the industrial, agricultural, energy, construction and defense markets. The Company operates through three segments: Applied Technology Division (Applied Technology), Engineered Films Division (Engineered Films) and Aerostar Division (Aerostar).
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