Media headlines about Raven Industries (NASDAQ:RAVN) have trended somewhat positive on Friday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Raven Industries earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media stories about the conglomerate an impact score of 46.2230011780235 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Analyzing Raven Industries (RAVN) & HC2 Holdings (HCHC) (americanbankingnews.com)
- Raven Industries, Inc. (RAVN) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- Raven Industries Announces Conference Call to Discuss Third Quarter Fiscal 2018 Results (finance.yahoo.com)
- Raven Industries Announces Retirement of Director Mark Griffin (feeds.benzinga.com)
Several research firms have weighed in on RAVN. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 target price on shares of Raven Industries in a research report on Sunday, October 1st. BidaskClub downgraded shares of Raven Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Dougherty & Co reissued a “buy” rating on shares of Raven Industries in a research report on Friday, August 18th. Finally, SunTrust Banks, Inc. began coverage on shares of Raven Industries in a research report on Friday, August 18th. They set a “hold” rating and a $36.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.50.
Raven Industries (NASDAQ RAVN) traded up $1.15 during trading hours on Friday, reaching $33.50. 113,500 shares of the company’s stock traded hands, compared to its average volume of 156,942. The stock has a market cap of $1,167.93, a P/E ratio of 38.06, a PEG ratio of 3.39 and a beta of 1.45. Raven Industries has a 12 month low of $23.65 and a 12 month high of $37.40.
Raven Industries (NASDAQ:RAVN) last released its 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 for the quarter, compared to the consensus estimate of $81.48 million. Raven Industries had a net margin of 9.57% and a return on equity of 11.67%. analysts predict that Raven Industries will post 0.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, October 12th. Raven Industries’s dividend payout ratio (DPR) is currently 61.18%.
In other Raven Industries news, Director Marc E. Lebaron acquired 1,457 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were acquired at an average cost of $27.55 per share, with a total value of $40,140.35. Following the acquisition, the director now directly owns 3,457 shares of the company’s stock, valued at $95,240.35. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.
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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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