Lindsay (NYSE:LNN) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Lindsay (NYSE:LNN) issued its quarterly earnings results on Tuesday. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.39 by $0.18, RTT News reports. The business had revenue of $166.30 million during the quarter, compared to the consensus estimate of $169.78 million. Lindsay had a net margin of 10.91% and a return on equity of 12.86%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 EPS.

Lindsay Stock Down 0.7 %

LNN stock opened at $117.46 on Tuesday. Lindsay has a 12-month low of $109.27 and a 12-month high of $135.20. The company has a quick ratio of 2.69, a current ratio of 3.92 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 19.51 and a beta of 0.66. The company has a 50 day moving average of $125.51 and a two-hundred day moving average of $121.83.

Lindsay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.44 annualized dividend and a dividend yield of 1.23%. Lindsay’s dividend payout ratio (DPR) is presently 23.92%.

About Lindsay

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems.