Raven Industries (RAVN) Earns News Impact Score of 0.20

Media stories about Raven Industries (NASDAQ:RAVN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Raven Industries earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the conglomerate an impact score of 46.3982112826119 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Raven Industries (NASDAQ RAVN) opened at $36.65 on Friday. The firm has a market cap of $1,271.11, a price-to-earnings ratio of 35.93, a P/E/G ratio of 3.49 and a beta of 1.48. Raven Industries has a 12-month low of $23.65 and a 12-month high of $38.35.

Raven Industries (NASDAQ:RAVN) last posted its quarterly earnings data on Monday, November 20th. The conglomerate reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The company had revenue of $101.35 million during the quarter, compared to analysts’ expectations of $84.54 million. Raven Industries had a net margin of 10.56% and a return on equity of 13.88%. analysts predict that Raven Industries will post 1.02 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.42%. Raven Industries’s dividend payout ratio (DPR) is presently 50.98%.

Raven Industries announced that its Board of Directors has initiated a share repurchase plan on Monday, December 4th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Several brokerages have weighed in on RAVN. Dougherty & Co downgraded Raven Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 price objective on shares of Raven Industries in a research note on Sunday, October 1st. Zacks Investment Research raised shares of Raven Industries from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Friday, December 8th. Finally, BidaskClub cut shares of Raven Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Raven Industries has a consensus rating of “Hold” and an average target price of $35.00.

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Raven Industries Company Profile

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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