Raven Industries Stock Price Down 4.7% on Disappointing Earnings (RAVN)
Raven Industries (NASDAQ:RAVN)’s share price was down 4.7% on Wednesday after the company announced weaker than expected quarterly earnings, AnalystRatingsNetwork.com reports. The company traded as low as $27.50 and last traded at $28.59, with a volume of 108,693 shares traded. The stock had previously closed at $30.00.
The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.05. The company had revenue of $94.50 million for the quarter, compared to the consensus estimate of $99.50 million.
The stock’s 50-day moving average is $30.10 and its 200-day moving average is $32.4. The company has a market cap of $1.050 billion and a P/E ratio of 27.52.
Raven Industries, Inc is an industrial manufacturer providing a variety of products. The Company markets its products worldwide and has its principal operations in the United States of America.
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