Headlines about Raven Industries (NASDAQ:RAVN) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Raven Industries earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the conglomerate an impact score of 47.3194148413631 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Raven Industries opened at $38.45 on Friday, according to MarketBeat. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 29.58, a P/E/G ratio of 2.42 and a beta of 1.52. Raven Industries has a 52-week low of $26.70 and a 52-week high of $42.40.
Raven Industries (NASDAQ:RAVN) last issued its quarterly earnings data on Thursday, May 17th. The conglomerate reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Raven Industries had a net margin of 12.87% and a return on equity of 17.03%. The firm had revenue of $111.13 million for the quarter. equities research analysts forecast that Raven Industries will post 1.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, July 13th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, July 12th. Raven Industries’s dividend payout ratio (DPR) is presently 45.61%.
RAVN has been the topic of a number of analyst reports. Dougherty & Co upgraded shares of Raven Industries from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Thursday, March 8th. BidaskClub upgraded shares of Raven Industries from a “hold” rating to a “buy” rating in a research note on Saturday, April 21st. Zacks Investment Research cut shares of Raven Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, May 8th. Finally, ValuEngine upgraded shares of Raven Industries from a “hold” rating to a “buy” rating in a research note on Monday, May 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Raven Industries currently has a consensus rating of “Buy” and an average target price of $37.50.
In other Raven Industries news, Director Rick Parod acquired 3,200 shares of the stock in a transaction dated Wednesday, March 21st. The shares were purchased at an average price of $35.92 per share, for a total transaction of $114,944.00. Following the purchase, the director now directly owns 3,200 shares of the company’s stock, valued at $114,944. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is owned by corporate insiders.
Raven Industries Company Profile
Raven Industries, Inc, a technology company, provides various products to customers in the industrial, agricultural, geomembrane, construction, and aerospace/defense markets worldwide. The company operates in three segments: Applied Technology, Engineered Films, and Aerostar. The Applied Technology segment designs, manufactures, sells, and services precision agriculture products and information management tools that enable growers to enhance farm yields.
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