Shares of Raven Industries Inc. hit a 52-week high of $25.38 yesterday and closed a little lower at $24.99. The stock price appreciation came on the back robust second-quarter 2017 performance and an encouraging outlook.
This Sioux Falls, South Dakota-based industrial goods manufacturer has a market cap of $903.6 million. Meanwhile, average volume of shares traded over the last three months is approximately 287K. Raven has delivered a year-to-date return of 59.1%.
Driving Factors
Shares of Raven have been on the rise since it reported strong second-quarter fiscal 2017 results on Aug 23. Earnings per share increased around 9% year over year to 12 cents as repurchases executed over the past 12 months resulted in lower outstanding shares.
RAVEN INDS INC Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Shares of Raven Industries Inc. hit a 52-week high of $25.38 yesterday and closed a little lower at $24.99. The stock price appreciation came on the back robust second-quarter 2017 performance and an encouraging outlook.
This Sioux Falls, South Dakota-based industrial goods manufacturer has a market cap of $903.6 million. Meanwhile, average volume of shares traded over the last three months is approximately 287K. Raven has delivered a year-to-date return of 59.1%.
Driving Factors
Shares of Raven have been on the rise since it reported strong second-quarter fiscal 2017 results on Aug 23. Earnings per share increased around 9% year over year to 12 cents as repurchases executed over the past 12 months resulted in lower outstanding shares.
RAVEN INDS INC Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on AOS - FREE
Get the latest research report on CR - FREE
Get the latest research report on BRRAY - FREE