Equities research analysts expect Lindsay Co. (NYSE:LNN) to announce earnings of $0.95 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Lindsay’s earnings. The lowest EPS estimate is $0.75 and the highest is $1.15. Lindsay posted earnings per share of $0.54 in the same quarter last year, which indicates a positive year-over-year growth rate of 75.9%. The business is expected to announce its next quarterly earnings report on Tuesday, November 3rd.
On average, analysts expect that Lindsay will report full-year earnings of $2.65 per share for the current year, with EPS estimates ranging from $1.80 to $3.36. For the next financial year, analysts forecast that the business will report earnings of $2.24 per share, with EPS estimates ranging from $1.05 to $3.31. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Lindsay.
Lindsay (NYSE:LNN) last released its earnings results on Thursday, July 2nd. The industrial products company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Lindsay had a return on equity of 10.81% and a net margin of 5.68%. The company had revenue of $123.10 million during the quarter, compared to the consensus estimate of $123.52 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis.
Several analysts recently issued reports on the company. ValuEngine lowered Lindsay from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th. Sidoti downgraded Lindsay from a “buy” rating to a “neutral” rating and set a $91.00 target price on the stock. in a research report on Tuesday, April 7th. Finally, TheStreet raised Lindsay from a “c+” rating to a “b-” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. Lindsay has a consensus rating of “Hold” and a consensus target price of $97.00.
NYSE:LNN traded up $1.50 on Thursday, reaching $94.45. The company’s stock had a trading volume of 63 shares, compared to its average volume of 80,020. Lindsay has a 1-year low of $71.86 and a 1-year high of $111.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.11 and a current ratio of 3.16. The firm has a market cap of $1.02 billion, a PE ratio of 39.55 and a beta of 0.29. The business’s 50-day moving average price is $92.33 and its two-hundred day moving average price is $95.28.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, August 14th. Lindsay’s dividend payout ratio is currently 88.28%.
In related news, Director Michael Christodolou sold 5,500 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $100.45, for a total transaction of $552,475.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of LNN. Banque Cantonale Vaudoise bought a new position in shares of Lindsay during the 4th quarter worth approximately $32,000. Orion Portfolio Solutions LLC bought a new stake in shares of Lindsay in the 4th quarter worth approximately $43,000. Advisor Group Holdings Inc. bought a new stake in shares of Lindsay in the 1st quarter worth approximately $43,000. Toth Financial Advisory Corp bought a new stake in shares of Lindsay in the 1st quarter worth approximately $45,000. Finally, Bank of Montreal Can raised its holdings in shares of Lindsay by 34.0% in the 4th quarter. Bank of Montreal Can now owns 1,406 shares of the industrial products company’s stock worth $135,000 after purchasing an additional 357 shares during the period. 92.18% of the stock is owned by hedge funds and other institutional investors.
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company's Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand.
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