Raven Industries (RAVN) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Raven Industries (NASDAQ:RAVN) announced its earnings results on Monday. The conglomerate reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.08), Fidelity Earnings reports. Raven Industries had a net margin of 12.74% and a return on equity of 16.38%. The business had revenue of $98.18 million for the quarter.

Shares of RAVN stock opened at $34.82 on Wednesday. Raven Industries has a 12 month low of $33.00 and a 12 month high of $49.80. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 23.53 and a beta of 1.31.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Shareholders of record on Monday, April 15th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.49%. Raven Industries’s dividend payout ratio is currently 35.14%.

Separately, BidaskClub downgraded Raven Industries from a “hold” rating to a “sell” rating in a research note on Saturday.

In other Raven Industries news, CEO Daniel A. Rykhus sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $39.32, for a total value of $353,880.00. Following the completion of the sale, the chief executive officer now owns 205,923 shares in the company, valued at approximately $8,096,892.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Schmidt Anthony D. Johnson sold 2,365 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $38.51, for a total value of $91,076.15. Following the completion of the sale, the vice president now owns 47,779 shares of the company’s stock, valued at approximately $1,839,969.29. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

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About Raven Industries

Raven Industries, Inc, a technology company, provides various products to customers in the industrial, agricultural, geomembrane, construction, commercial lighter-than-air, and aerospace and defense markets worldwide. It operates through three segments: Applied Technology, Engineered Films, and Aerostar.

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Earnings History for Raven Industries (NASDAQ:RAVN)

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