Raven Industries, Inc. (RAVN) to Release Quarterly Earnings on Monday
Raven Industries, Inc. (NASDAQ:RAVN) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 20th. Analysts expect the company to announce earnings of $0.23 per share for the quarter.
Raven Industries (NASDAQ:RAVN) last released its quarterly earnings data on Wednesday, August 23rd. The conglomerate reported $0.23 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. Raven Industries had a return on equity of 11.67% and a net margin of 9.57%. The company had revenue of $86.61 million for the quarter, compared to the consensus estimate of $81.48 million. On average, analysts expect Raven Industries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Raven Industries, Inc. (RAVN) opened at $33.80 on Friday. Raven Industries, Inc. has a twelve month low of $23.65 and a twelve month high of $37.40. The firm has a market capitalization of $1,210.00, a price-to-earnings ratio of 38.29, a P/E/G ratio of 3.41 and a beta of 1.44.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Thursday, October 12th. Raven Industries’s dividend payout ratio (DPR) is 61.90%.
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Several research analysts have commented on RAVN shares. BidaskClub downgraded Raven Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. SunTrust Banks, Inc. started coverage on Raven Industries in a report on Friday, August 18th. They set a “hold” rating and a $36.00 target price on the stock. Piper Jaffray Companies set a $33.00 target price on Raven Industries and gave the stock a “hold” rating in a report on Thursday, July 27th. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of Raven Industries in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $33.50.
In related news, Director Marc E. Lebaron bought 1,457 shares of the business’s stock in a transaction on Monday, August 28th. The shares were purchased at an average cost of $27.55 per share, with a total value of $40,140.35. Following the acquisition, the director now owns 3,457 shares of the company’s stock, valued at $95,240.35. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by insiders.
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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