Media coverage about Raven Industries (NASDAQ:RAVN) has been trending positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing 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 media sentiment score of 0.28 on Accern’s scale. Accern also assigned media coverage about the conglomerate an impact score of 47.6947385826623 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
RAVN has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Raven Industries from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, December 8th. Dougherty & Co lowered shares of Raven Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 5th. BidaskClub lowered shares of Raven Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, SunTrust Banks upgraded shares of Raven Industries from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Raven Industries currently has an average rating of “Hold” and a consensus target price of $35.00.
Shares of Raven Industries (NASDAQ:RAVN) opened at $34.95 on Thursday. The firm has a market cap of $1,240.00, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 2.73 and a beta of 1.57. Raven Industries has a 12 month low of $24.74 and a 12 month high of $40.85.
Raven Industries (NASDAQ:RAVN) last announced its earnings results 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 business had revenue of $101.35 million during the quarter, compared to analyst estimates of $84.54 million. Raven Industries had a net margin of 10.56% and a return on equity of 13.88%. analysts expect that Raven Industries will post 1.1 EPS for the current year.
Raven Industries announced that its Board of Directors has initiated a share repurchase plan on Monday, December 4th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the conglomerate to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.49%. Raven Industries’s dividend payout ratio is presently 50.98%.
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).
Receive News & Ratings for Raven Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raven Industries and related companies with MarketBeat.com's FREE daily email newsletter.