Raven Industries(NASDAQ:RAVN) announced the earnings results for Fiscal Year 2017 and Q4. The results came in during After-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $68.915M. Analysts estimated a revenue of $68.500M. The revenues were 0.61% above the estimates. Earnings per share were $0.12. The reported EPS was below estimates by -20%. Analysts had estimated an EPS of $0.15.
In a different note, On Feb 17, 2017, Dougherty said it Upgrades its rating on Raven Industries. The shares have been rated ‘Buy’ by the firm.
Raven Industries (RAVN) made into the market gainers list on Fridays trading session with the shares advancing 0.69% or 0.2 points. Due to strong positive momentum, the stock ended at $29.3, which is also near the day’s high of $29.675. The stock began the session at $29.15 and the volume stood at 1,27,145 shares. The 52-week high of the shares is $31.35 and the 52 week low is $14.98. The company has a current market capitalization of $1,057 M and it has 3,60,76,259 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Mar 15, 2016, Jason M Andringa (director) purchased 1,500 shares at $13.31 per share price.Also, On Mar 14, 2016, Marc E Lebaron (director) purchased 14,662 shares at $13.75 per share price.On Dec 31, 2015, Brian E Meyer (Division Vice President & GM) purchased 1,000 shares at $15.75 per share price, according to the Form-4 filing with the securities and exchange commission.
Raven Industries Inc. is a diversified technology company providing a variety of products to customers within the industrial agricultural energy construction and military/aerospace markets. The Company markets its products around the world and has its principal operations in the United States. The Company operates in three segments: Applied Technology Division (Applied Technology) Engineered Films Division (Engineered Films) and Aerostar Division (Aerostar). The Applied Technology segment designs manufactures sells and services precision agriculture products and information management tools for growers. The Engineered Films segment produces plastic films and sheeting for energy agricultural construction geomembrane and industrial applications. The Aerostar segment designs and manufactures products including balloons tethered aerostats and radar processing systems.