Headlines about Raven Industries (NASDAQ:RAVN) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Raven Industries earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the conglomerate an impact score of 47.2918120754454 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Here's Why Shares of Raven Industries, Inc. Soared 14% in November (finance.yahoo.com)
- Raven Industries (RAVN) Downgraded by BidaskClub (americanbankingnews.com)
- Raven Industries, Inc. (RAVN) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Raven Industries (RAVN) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Research Analysts Offer Predictions for Raven Industries, Inc.’s FY2018 Earnings (RAVN) (americanbankingnews.com)
RAVN has been the subject of several research analyst reports. Zacks Investment Research upgraded Raven Industries from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday. Dougherty & Co reiterated a “buy” rating on shares of Raven Industries in a research note on Friday, August 18th. SunTrust Banks initiated 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 reiterated a “hold” rating and set a $31.00 target price on shares of Raven Industries in a research note on Sunday, October 1st. Finally, BidaskClub cut Raven Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Raven Industries presently has a consensus rating of “Hold” and a consensus price target of $35.00.
Shares of Raven Industries (RAVN) opened at $33.80 on Tuesday. The stock has a market capitalization of $1,210.33, a P/E ratio of 33.19, a P/E/G ratio of 3.32 and a beta of 1.48. Raven Industries has a 52-week low of $23.65 and a 52-week high of $38.35.
Raven Industries (NASDAQ:RAVN) last posted its quarterly earnings results on Monday, November 20th. The conglomerate reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.10. The business had revenue of $101.35 million for the quarter, compared to analyst estimates of $84.54 million. Raven Industries had a return on equity of 13.88% and a net margin of 10.56%. research analysts anticipate that Raven Industries will post 1.02 EPS for the current year.
Raven Industries announced that its Board of Directors has authorized a stock buyback program on Monday, December 4th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be given 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 is Thursday, January 11th. Raven Industries’s dividend payout ratio is currently 50.98%.
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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