Raven Industries, Inc. (RAVN) Announces Earnings Results
Raven Industries, Inc. (NASDAQ:RAVN) released its quarterly earnings data on Monday. The conglomerate reported $0.33 EPS for the quarter, beating the consensus estimate of $0.23 by $0.10, Bloomberg Earnings reports. Raven Industries had a net margin of 9.57% and a return on equity of 11.67%.
Raven Industries (NASDAQ RAVN) opened at $34.65 on Tuesday. Raven Industries has a 1-year low of $23.65 and a 1-year high of $37.40. The company has a market cap of $1,220.00, a PE ratio of 39.76, a price-to-earnings-growth ratio of 3.55 and a beta of 1.44.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Thursday, October 12th. Raven Industries’s dividend payout ratio (DPR) is presently 61.90%.
Several research analysts have commented on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 price objective on shares of Raven Industries in a report on Sunday, October 1st. BidaskClub downgraded shares of Raven Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Dougherty & Co reissued a “buy” rating on shares of Raven Industries in a report on Friday, August 18th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Raven Industries in a report on Friday, August 18th. They set a “hold” rating and a $36.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $33.50.
In other Raven Industries news, Director Marc E. Lebaron purchased 1,457 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average price of $27.55 per share, with a total value of $40,140.35. Following the acquisition, the director now owns 3,457 shares in the company, valued at $95,240.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.
WARNING: This news story was first reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/11/21/raven-industries-inc-ravn-announces-earnings-results.html.
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).
Receive News & Ratings for Raven Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raven Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.