Raven Industries (RAVN) Given News Sentiment Rating of 0.15
News headlines about Raven Industries (NASDAQ:RAVN) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public 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 0.15 on Accern’s scale. Accern also gave news headlines about the conglomerate an impact score of 46.6466194234503 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Raven Industries (NASDAQ RAVN) traded down 2.23% during mid-day trading on Monday, hitting $32.85. 99,405 shares of the stock were exchanged. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 39.06 and a beta of 1.46. The company’s 50-day moving average is $31.65 and its 200-day moving average is $32.48. 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 data on Wednesday, August 23rd. The conglomerate reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Raven Industries had a net margin of 9.57% and a return on equity of 11.67%. The firm had revenue of $86.61 million for the quarter, compared to analyst estimates of $81.48 million. Equities research analysts anticipate that Raven Industries will post $0.97 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, October 12th. Raven Industries’s dividend payout ratio is currently 61.18%.
RAVN has been the subject of a number of analyst reports. BidaskClub lowered shares of Raven Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 target price on shares of Raven Industries in a research note on Sunday, October 1st. SunTrust Banks, Inc. initiated coverage on shares of Raven Industries in a research note on Friday, August 18th. They set a “hold” rating and a $36.00 target price for the company. Finally, Dougherty & Co reissued a “buy” rating on shares of Raven Industries in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Raven Industries presently has an average rating of “Hold” and a consensus target price of $33.50.
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In other Raven Industries news, Director Marc E. Lebaron bought 1,457 shares of Raven Industries stock in a transaction dated Monday, August 28th. The shares were bought at an average price of $27.55 per share, with a total value of $40,140.35. Following the purchase, the director now owns 3,457 shares of the company’s stock, valued at $95,240.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.80% of the stock is currently owned by company insiders.
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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