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Raven Industries, Inc. (RAVN)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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23.71-0.09 (-0.38%)
As of 3:46PM EDT. Market open.
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Williams %R

Williams %R

Previous Close23.80
Open24.07
Bid23.77 x 1000
Ask23.83 x 800
Day's Range23.45 - 24.11
52 Week Range16.01 - 38.00
Volume91,998
Avg. Volume241,709
Market Cap849.89M
Beta (5Y Monthly)1.42
PE Ratio (TTM)37.10
EPS (TTM)0.64
Earnings DateNov 24, 2020 - Nov 30, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJul 16, 2020
1y Target Est30.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    Business Wire

    Raven Industries Debuts Autonomous Platform for First Time at U.S. Farm Show

    Raven Industries (NASDAQ:RAVN) debuts its autonomous platform, Dot®, for the first time today at Farm Progress Virtual Experience.

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  • Business Wire

    Raven Industries Earns Certification as a Great Place to Work®

    Raven Industries announced today that it is Great Place to Work-Certified™, confirming at least 7/10 employees have a consistent positive experience.

  • Raven Releases Most Accurate Nozzle Control System in Agriculture
    Business Wire

    Raven Releases Most Accurate Nozzle Control System in Agriculture

    Raven Industries (NASDAQ:RAVN) announced today the release of its Hawkeye® 2 Nozzle Control System, the most accurate nozzle control system in ag.

  • Raven Suspends Cash Dividend Sending Shares Down 8% In Pre-Market Session
    SmarterAnalyst

    Raven Suspends Cash Dividend Sending Shares Down 8% In Pre-Market Session

    Shares in Raven Industries are tanking almost 8% in the pre-market session, after its board of directors indefinitely suspended the company’s regular quarterly cash dividend on its common stock. The stock is declining to $22.42 in Thursday’s pre-market trading. Raven (RAVN) said that the withdrawal will help the company save nearly $20 million in capital on an annual basis. The specialty industrial machinery company said it will use the funds to make investments in Raven Autonomy and Raven Composites. It will also provide the company with more flexibility to fund M&A and accelerated R&D investments.“The opportunity for significant long-term growth from these investments is substantial, and the company believes this to be the most appropriate use of capital to drive long-term growth in shareholder value,” the company said in a statement.Back in May, Raven’s board approved a regular quarterly cash dividend of 13 cents per share, which was payable July 31, to shareholders of record on July 17.“We are fully committed to boldly investing in the future of our company,” said Raven CEO Dan Rykhus. “This decision speaks greatly to the tremendous opportunities in front of us and is being taken from a position of strength, with utmost confidence in our future.”The news comes as Raven reported that consolidated sales in the second quarter ended July 31, dropped 13.1% to $85.2 million from the year-ago period, beating the Street consensus by $0.47 million. Net income for the quarter fell to $5.8 million from $8.8 million.Diluted earnings per share was $0.16 versus $0.24 per share, a year ago exceeding analysts’ estimates by $0.12. Raven added that its investment in Raven Autonomy reduced net income attributable to the company by $3.1 million, or $0.09 per diluted share, in the reported quarter. (See RAVN stock analysis on TipRanks)Following the news, Oppenheimer analyst Kristen Owen assigned a Buy rating on the stock with a price target of $27 (11% upside potential).“Results demonstrated RAVN's technology differentiation, as strength in new ATD [applied technologies] products and AERO [Aerostar] backlog conversion helped to offset COVID-related disruptions and significant declines in energy and construction films sales,” Owen wrote in a note to investors. “With its strongly signaled commitment to investing for growth, we will be looking for additional details on its technology integration, product roadmap, and commercialization milestones.”The rest of the Street is cautiously optimistic on the stock with a Moderate Buy analyst consensus. With shares down more than 29% so far this year, the $27 average price target, indicates 11% upside potential to current levels.Related News: Splunk Slips In Pre-Market As Revenue Outlook Disappoints; Street Stays Bullish NetApp Leaps 11% In After-Hours On Strong 1Q Results Nordstrom Drops 5% On Larger Quarterly Loss As Analyst Says Stock Valued More recent articles from Smarter Analyst: * Sanderson Farms Tops 3Q Sales Spurred By Retail Demand * Veoneer Spikes 17% On Driver Software Partnership With Qualcomm * Does Wall Street Prefer Medtronic Or Intuitive Surgical Amid The Covid Crisis? * Wedbush Hikes Apple’s PT To ‘Street High’ On iPhone Upgrade Potential

  • Business Wire

    Raven Industries Reports Second Quarter Fiscal 2021 Results

    Raven Industries (NASDAQ:RAVN) today reported financial results for the second quarter that ended July 31, 2020.

  • Business Wire

    Raven Industries Board Announces Reallocation of Capital to Boldly Invest for Growth

    The Raven Industries (NASDAQ:RAVN) board of directors has indefinitely suspended the Company’s regular quarterly cash dividend on its common stock.