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Raven (RAVN) Wing Clinches $36.2M Contract From U.S. Navy
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Raven Industries, Inc.’s business arm — Raven Aerostar — recently won a five-year contract worth $36.2-million from the U.S. Naval Air Warfare Center Aircraft Division. The company’s share price climbed nearly 5% to $48.50 per share, after news of the contract agreement surfaced on Oct 2.
Per the deal, Raven Aerostar will supply its state-of-the-art Vista F50ER1 Radar Systems for the T-EPF class ships of the U.S. Navy. The company will also offer installation, delivery, operation and sustainment related services for these Air Surveillance Radar Systems.
Raven Aerostar helps enhance security of lives and connects the globe through its situational-awareness technology, stratospheric platforms and specialty sewn products. Of late, the company has been trying to cement its core business backed by advancement of its radar systems and stratospheric balloon platforms.
Raven stated that the contract will bolster its revenues over the next five years, starting from the beginning of 2019.
Over the past three months, Raven’s shares have rallied 22.5%, outperforming 7.2% growth recorded by the industry it belongs to.
The company is poised to grow on the back of stronger innovation, the Colorado Lining International buyout (September 2017) and robust sales secured from major business platforms like radar.
Nonetheless, softer agricultural product prices and escalating cost of sales remain key concerns for this Zacks Rank #3 (Hold) company. Over the past 60 days, the Zacks Consensus Estimate for Raven’s fiscal 2019 (ending January 2019) earnings remained unchanged at $1.59.
Stocks to Consider
A few other better-ranked stocks in the same space are listed below:
Macquarie Infrastructure Company is another Zacks #1 Ranked company. It generated an average positive earnings surprise of 8.05% over the trailing four quarters.
Danaher Corporation (DHR - Free Report) carries a Zacks Rank #2 (Buy), at present. The company delivered an average positive earnings surprise of 4.95% during the same time frame.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
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Raven (RAVN) Wing Clinches $36.2M Contract From U.S. Navy
Raven Industries, Inc.’s business arm — Raven Aerostar — recently won a five-year contract worth $36.2-million from the U.S. Naval Air Warfare Center Aircraft Division. The company’s share price climbed nearly 5% to $48.50 per share, after news of the contract agreement surfaced on Oct 2.
Per the deal, Raven Aerostar will supply its state-of-the-art Vista F50ER1 Radar Systems for the T-EPF class ships of the U.S. Navy. The company will also offer installation, delivery, operation and sustainment related services for these Air Surveillance Radar Systems.
Raven Aerostar helps enhance security of lives and connects the globe through its situational-awareness technology, stratospheric platforms and specialty sewn products. Of late, the company has been trying to cement its core business backed by advancement of its radar systems and stratospheric balloon platforms.
Raven stated that the contract will bolster its revenues over the next five years, starting from the beginning of 2019.
Over the past three months, Raven’s shares have rallied 22.5%, outperforming 7.2% growth recorded by the industry it belongs to.
The company is poised to grow on the back of stronger innovation, the Colorado Lining International buyout (September 2017) and robust sales secured from major business platforms like radar.
Nonetheless, softer agricultural product prices and escalating cost of sales remain key concerns for this Zacks Rank #3 (Hold) company. Over the past 60 days, the Zacks Consensus Estimate for Raven’s fiscal 2019 (ending January 2019) earnings remained unchanged at $1.59.
Stocks to Consider
A few other better-ranked stocks in the same space are listed below:
Federal Signal Corporation (FSS - Free Report) currently sports a Zacks Rank #1 (Strong Buy). The company pulled off an average positive earnings surprise of 22.48% in the trailing four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
Macquarie Infrastructure Company is another Zacks #1 Ranked company. It generated an average positive earnings surprise of 8.05% over the trailing four quarters.
Danaher Corporation (DHR - Free Report) carries a Zacks Rank #2 (Buy), at present. The company delivered an average positive earnings surprise of 4.95% during the same time frame.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Click to see them right now >>