Raven Industries (NASDAQ:RAVN) Receiving Somewhat Positive Press Coverage, Report Finds

Press coverage about Raven Industries (NASDAQ:RAVN) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Raven Industries earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the conglomerate an impact score of 46.9395352961722 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of Raven Industries stock traded down $0.20 during mid-day trading on Thursday, reaching $35.05. 192,998 shares of the stock were exchanged, compared to its average volume of 147,011. The stock has a market capitalization of $1,261.84, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 2.23 and a beta of 1.63. Raven Industries has a fifty-two week low of $26.70 and a fifty-two week high of $40.85.

Raven Industries (NASDAQ:RAVN) last posted its quarterly earnings data on Tuesday, March 6th. The conglomerate reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.07). The company had revenue of $95.82 million during the quarter, compared to analyst estimates of $97.22 million. Raven Industries had a net margin of 10.87% and a return on equity of 15.29%. equities analysts predict that Raven Industries will post 1.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.48%. The ex-dividend date is Thursday, April 12th. Raven Industries’s payout ratio is presently 46.02%.

Raven Industries announced that its board has authorized a stock repurchase plan on Monday, December 4th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the conglomerate to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

A number of equities analysts have recently commented on RAVN shares. Zacks Investment Research raised shares of Raven Industries from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Friday, December 8th. Dougherty & Co downgraded shares of Raven Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, December 5th. BidaskClub downgraded shares of Raven Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, SunTrust Banks raised shares of Raven Industries from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Raven Industries currently has a consensus rating of “Buy” and an average price target of $35.75.

In related news, Director Rick Parod acquired 3,200 shares of the stock in a transaction on Wednesday, March 21st. The stock was purchased at an average price of $35.92 per share, for a total transaction of $114,944.00. Following the transaction, the director now owns 3,200 shares of the company’s stock, valued at approximately $114,944. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.80% of the company’s stock.

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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).

Insider Buying and Selling by Quarter for Raven Industries (NASDAQ:RAVN)

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