Somewhat Positive News Coverage Somewhat Unlikely to Impact Raven Industries (RAVN) Share Price
Media coverage about Raven Industries (NASDAQ:RAVN) has trended somewhat positive on Sunday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Raven Industries earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the conglomerate an impact score of 45.7594267987065 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Icahn Enterprises L.P. (IEP) vs. Raven Industries (RAVN) Financial Contrast (americanbankingnews.com)
- Raven Industries, Inc. : Earnings Review and Free Research Report: Raven’s Sales Surged 28.1%; EPS Rocketed 92% (4-traders.com)
- Raven Industries, Inc. (RAVN) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Raven Industries Inc Valuation – September 2017 $RAVN (moderngraham.com)
Shares of Raven Industries (RAVN) traded up 3.65% during mid-day trading on Friday, hitting $31.20. The company had a trading volume of 486,578 shares. Raven Industries has a 12 month low of $20.21 and a 12 month high of $37.40. The firm has a 50-day moving average price of $31.38 and a 200 day moving average price of $31.88. The firm has a market capitalization of $1.13 billion, a P/E ratio of 37.10 and a beta of 1.42.
Raven Industries (NASDAQ:RAVN) last released its quarterly earnings results on Wednesday, August 23rd. The conglomerate reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $86.61 million during the quarter, compared to the consensus estimate of $81.48 million. Raven Industries had a return on equity of 11.67% and a net margin of 9.57%. On average, equities research analysts forecast that Raven Industries will post $0.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, October 12th. Raven Industries’s payout ratio is 61.18%.
Several research analysts have recently weighed in on RAVN shares. BidaskClub downgraded Raven Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. SunTrust Banks, Inc. started coverage on Raven Industries in a research note on Friday, August 18th. They set a “hold” rating and a $36.00 target price for the company. Piper Jaffray Companies set a $33.00 target price on Raven Industries and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of Raven Industries in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Raven Industries currently has a consensus rating of “Hold” and an average target price of $33.50.
In related news, Director Marc E. Lebaron purchased 1,457 shares of the company’s stock in a transaction on Monday, August 28th. The stock was bought at an average price of $27.55 per share, with a total value of $40,140.35. Following the completion of the transaction, the director now owns 3,457 shares of the company’s stock, valued at approximately $95,240.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.
Raven Industries Company Profile
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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