News headlines about Raven Industries (NASDAQ:RAVN) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog 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 0.14 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 46.9395352961722 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- Active-Investors: Blog Exposure – Danaher Acquires Privately-held Genome Consumable Manufacturing Company, Integrated DNA Technologies (finanznachrichten.de)
- Honeywell (HON) Unveils Catalyst to Meet Euro V Standards (finance.yahoo.com)
- Raven Industries, Inc. (RAVN) Forecasted to Post Q1 2019 Earnings of $0.50 Per Share (americanbankingnews.com)
- SunTrust Banks Comments on Raven Industries, Inc.’s Q1 2019 Earnings (RAVN) (americanbankingnews.com)
- Raven Industries, Inc. (RAVN) Declares $0.13 Quarterly Dividend (americanbankingnews.com)
Several research analysts recently issued reports on the stock. SunTrust Banks raised shares of Raven Industries from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, January 31st. Dougherty & Co raised shares of Raven Industries from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Thursday, March 8th. BidaskClub lowered shares of Raven Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Zacks Investment Research raised shares of Raven Industries from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Friday, December 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Raven Industries has an average rating of “Buy” and a consensus price target of $35.75.
Raven Industries (NASDAQ:RAVN) last released its quarterly earnings data on Tuesday, March 6th. The conglomerate reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). Raven Industries had a net margin of 10.87% and a return on equity of 15.29%. The business had revenue of $95.82 million during the quarter, compared to the consensus estimate of $97.22 million. analysts predict that Raven Industries will post 1.42 EPS for the current fiscal year.
Raven Industries declared that its board has authorized a share repurchase plan on Monday, December 4th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, April 12th. Raven Industries’s dividend payout ratio (DPR) is 46.02%.
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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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