Raven Industries, Inc. (NASDAQ:RAVN) – Investment analysts at Dougherty & Co issued their Q1 2019 EPS estimates for shares of Raven Industries in a research note issued on Thursday. Dougherty & Co analyst J. Fisher anticipates that the conglomerate will post earnings per share of $0.50 for the quarter. Dougherty & Co has a “Buy” rating and a $38.00 price objective on the stock.
Raven Industries (NASDAQ:RAVN) last released its quarterly earnings results on Tuesday, March 6th. The conglomerate reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). Raven Industries had a return on equity of 15.29% and a net margin of 10.87%. The company had revenue of $95.82 million for the quarter, compared to the consensus estimate of $97.22 million.
Shares of Raven Industries (NASDAQ:RAVN) opened at $38.20 on Monday. Raven Industries has a 52-week low of $26.35 and a 52-week high of $40.85. The company has a market cap of $1,365.87, a PE ratio of 33.81, a price-to-earnings-growth ratio of 2.87 and a beta of 1.63.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, April 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.36%. Raven Industries’s dividend payout ratio (DPR) is 46.02%.
Raven Industries declared that its Board of Directors has initiated a stock buyback program on Monday, December 4th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the conglomerate to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several hedge funds have recently added to or reduced their stakes in RAVN. Russell Investments Group Ltd. bought a new stake in shares of Raven Industries during the 3rd quarter worth about $100,000. Sei Investments Co. acquired a new position in shares of Raven Industries in the 3rd quarter worth approximately $120,000. Oppenheimer Asset Management Inc. grew its stake in shares of Raven Industries by 1,450.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,690 shares of the conglomerate’s stock worth $120,000 after purchasing an additional 3,452 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Raven Industries in the 3rd quarter worth approximately $149,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Raven Industries in the 3rd quarter worth approximately $205,000. Institutional investors own 75.22% of the company’s stock.
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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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