News stories about Raven Industries (NASDAQ:RAVN) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Raven Industries earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 45.7862462229778 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Raven Industries (NASDAQ RAVN) opened at 33.65 on Friday. The company has a market capitalization of $1.22 billion, a PE ratio of 45.05 and a beta of 1.36. The company has a 50 day moving average price of $34.19 and a 200 day moving average price of $31.20. Raven Industries has a 1-year low of $20.21 and a 1-year high of $37.40.
Raven Industries (NASDAQ:RAVN) last issued its quarterly earnings results on Monday, May 22nd. The conglomerate reported $0.34 EPS for the quarter, beating the consensus estimate of $0.24 by $0.10. The company had revenue of $93.54 million for the quarter. Raven Industries had a net margin of 8.85% and a return on equity of 10.32%. Equities analysts predict that Raven Industries will post $0.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.52 annualized dividend and a yield of 1.55%. Raven Industries’s payout ratio is 70.27%.
A number of brokerages have recently issued reports on RAVN. BidaskClub cut Raven Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Piper Jaffray Companies set a $33.00 target price on Raven Industries and gave the stock a “hold” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.00.
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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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