Raven Industries, Inc. (RAVN) Expected to Post Earnings of $0.21 Per Share
Equities research analysts expect that Raven Industries, Inc. (NASDAQ:RAVN) will post $0.21 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for Raven Industries’ earnings. Raven Industries reported earnings per share of $0.12 in the same quarter last year, which would suggest a positive year over year growth rate of 75%. The company is scheduled to announce its next earnings report on Tuesday, August 22nd.
On average, analysts expect that Raven Industries will report full-year earnings of $0.90 per share for the current year. For the next financial year, analysts expect that the business will post earnings of $1.10 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Raven Industries.
Raven Industries (NASDAQ:RAVN) last announced its quarterly earnings results on Monday, May 22nd. The conglomerate reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.10. Raven Industries had a return on equity of 10.32% and a net margin of 8.85%. The business had revenue of $93.54 million for the quarter.
Separately, BidaskClub lowered Raven Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $24.00.
Shares of Raven Industries (RAVN) traded down 0.43% on Wednesday, hitting $34.55. The stock had a trading volume of 28,547 shares. Raven Industries has a 12-month low of $20.01 and a 12-month high of $37.40. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 46.25 and a beta of 1.35. The stock has a 50 day moving average of $34.72 and a 200 day moving average of $30.34.
The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were paid a $0.13 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.52 annualized dividend and a yield of 1.50%. Raven Industries’s payout ratio is currently 70.27%.
Several hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its stake in shares of Raven Industries by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 3,980 shares of the conglomerate’s stock valued at $115,000 after buying an additional 70 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of Raven Industries by 1.4% in the first quarter. Suntrust Banks Inc. now owns 11,044 shares of the conglomerate’s stock worth $320,000 after buying an additional 152 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Raven Industries by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the conglomerate’s stock worth $427,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its position in shares of Raven Industries by 1.1% in the first quarter. Arizona State Retirement System now owns 18,800 shares of the conglomerate’s stock worth $546,000 after buying an additional 200 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Raven Industries by 0.7% in the first quarter. Legal & General Group Plc now owns 62,496 shares of the conglomerate’s stock worth $1,815,000 after buying an additional 459 shares in the last quarter. 73.48% of the stock is owned by institutional investors.
WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/26/raven-industries-inc-ravn-expected-to-post-earnings-of-0-21-per-share.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.