Raven Industries, Inc. (NASDAQ:RAVN) - Analysts at Dougherty & Co issued their FY2018 earnings estimates for Raven Industries in a research report issued on Thursday. Dougherty & Co analyst J. Fisher anticipates that the conglomerate will post earnings per share of $1.00 for the year. Dougherty & Co currently has a “Buy” rating on the stock.
Raven Industries (NASDAQ:RAVN) last posted its earnings results on Monday, May 22nd. The conglomerate reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. Raven Industries had a net margin of 8.85% and a return on equity of 10.32%. The business had revenue of $93.54 million during the quarter.
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Several other equities analysts have also recently issued reports on the stock. BidaskClub cut shares of Raven Industries from a “hold” rating to a “sell” rating in a research note on Tuesday. SunTrust Banks, Inc. assumed coverage on shares of Raven Industries in a research note on Friday, August 18th. They issued a “hold” rating and a $36.00 price objective on the stock. Finally, Piper Jaffray Companies set a $33.00 price objective on shares of Raven Industries and gave the company a “hold” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.33.
Raven Industries (NASDAQ:RAVN) traded down 2.23% during midday trading on Monday, reaching $32.02. 70,850 shares of the company’s stock were exchanged. Raven Industries has a 12-month low of $20.21 and a 12-month high of $37.40. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 42.86 and a beta of 1.36. The stock’s 50-day moving average is $34.23 and its 200-day moving average is $31.66.
Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in shares of Raven Industries by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 3,980 shares of the conglomerate’s stock worth $115,000 after buying an additional 70 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Raven Industries by 0.3% in the second quarter. Stifel Financial Corp now owns 29,837 shares of the conglomerate’s stock worth $993,000 after buying an additional 103 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Raven Industries by 1.4% in the first quarter. Suntrust Banks Inc. now owns 11,044 shares of the conglomerate’s stock worth $320,000 after buying an additional 152 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Raven Industries by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the conglomerate’s stock worth $427,000 after buying an additional 200 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Raven Industries by 1.1% in the first quarter. Arizona State Retirement System now owns 18,800 shares of the conglomerate’s stock worth $546,000 after buying an additional 200 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.
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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