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.

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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).

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