Raven Industries, Inc. (NASDAQ:RAVN) – Investment analysts at SunTrust Banks decreased their Q3 2018 earnings estimates for Raven Industries in a research note issued to investors on Friday. SunTrust Banks analyst J. Freuchtel now forecasts that the conglomerate will earn $0.21 per share for the quarter, down from their previous forecast of $0.24. SunTrust Banks has a “Hold” rating and a $36.00 price objective on the stock. SunTrust Banks also issued estimates for Raven Industries’ Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $0.97 EPS, Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.29 EPS and FY2019 earnings at $1.21 EPS.

Raven Industries (NASDAQ:RAVN) last issued its earnings results on Wednesday, August 23rd. The conglomerate reported $0.23 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The business had revenue of $86.61 million for the quarter, compared to analysts’ expectations of $81.48 million. Raven Industries had a return on equity of 11.67% and a net margin of 9.57%.

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A number of other research analysts have also recently weighed in on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 price objective on shares of Raven Industries in a research note on Sunday, October 1st. BidaskClub cut shares of Raven Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Finally, Dougherty & Co reissued a “buy” rating on shares of Raven Industries in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.50.

Raven Industries (RAVN) opened at 33.00 on Monday. The firm has a market capitalization of $1.19 billion, a PE ratio of 39.24 and a beta of 1.46. The stock’s 50 day moving average price is $30.41 and its 200 day moving average price is $32.08. Raven Industries has a one year low of $20.21 and a one year high of $37.40.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Raven Industries by 3.9% in the 2nd quarter. BlackRock Inc. now owns 4,607,096 shares of the conglomerate’s stock worth $153,418,000 after acquiring an additional 173,123 shares during the period. Vanguard Group Inc. grew its stake in Raven Industries by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,253,939 shares of the conglomerate’s stock worth $108,356,000 after acquiring an additional 66,558 shares during the period. State Street Corp grew its stake in Raven Industries by 6.2% in the 2nd quarter. State Street Corp now owns 879,504 shares of the conglomerate’s stock worth $29,288,000 after acquiring an additional 51,451 shares during the period. Thrivent Financial For Lutherans grew its stake in Raven Industries by 0.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 466,850 shares of the conglomerate’s stock worth $15,546,000 after acquiring an additional 1,370 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Raven Industries by 0.6% in the 1st quarter. Ameriprise Financial Inc. now owns 366,549 shares of the conglomerate’s stock worth $10,650,000 after acquiring an additional 2,280 shares during the period. 73.05% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Marc E. Lebaron bought 1,457 shares of the stock in a transaction on Monday, August 28th. The stock was purchased at an average cost of $27.55 per share, with a total value of $40,140.35. Following the purchase, the director now owns 3,457 shares of the company’s stock, valued at $95,240.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. Raven Industries’s dividend payout ratio (DPR) is 61.18%.

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).

Earnings History and Estimates for Raven Industries (NASDAQ:RAVN)

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