Analysts forecast that Lindsay Co. (NYSE:LNN) will report earnings per share of $0.97 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Lindsay’s earnings, with the lowest EPS estimate coming in at $0.68 and the highest estimate coming in at $1.25. Lindsay posted earnings of $1.66 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 41.6%. The firm is scheduled to report its next earnings report on Thursday, June 27th.
According to Zacks, analysts expect that Lindsay will report full year earnings of $1.84 per share for the current fiscal year, with EPS estimates ranging from $1.43 to $2.25. For the next financial year, analysts expect that the business will report earnings of $3.14 per share, with EPS estimates ranging from $2.91 to $3.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Lindsay.
Lindsay (NYSE:LNN) last announced its earnings results on Tuesday, April 9th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.60). The business had revenue of $109.20 million for the quarter, compared to analysts’ expectations of $115.43 million. Lindsay had a return on equity of 9.72% and a net margin of 2.55%. The business’s revenue was down 16.2% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share.
A number of brokerages have recently issued reports on LNN. ValuEngine upgraded shares of Lindsay from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Boenning Scattergood restated a “buy” rating and set a $132.00 target price on shares of Lindsay in a research report on Thursday, February 28th. Finally, Zacks Investment Research upgraded shares of Lindsay from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Lindsay currently has an average rating of “Hold” and a consensus target price of $102.60.
Large investors have recently bought and sold shares of the stock. Teachers Advisors LLC grew its position in Lindsay by 30.9% in the 3rd quarter. Teachers Advisors LLC now owns 26,047 shares of the industrial products company’s stock valued at $2,611,000 after buying an additional 6,150 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in Lindsay in the 4th quarter valued at $998,000. Oregon Public Employees Retirement Fund purchased a new position in Lindsay in the 4th quarter valued at $394,000. Victory Capital Management Inc. grew its position in Lindsay by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 6,151 shares of the industrial products company’s stock valued at $592,000 after buying an additional 239 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Lindsay by 7.6% in the 3rd quarter. Legal & General Group Plc now owns 25,606 shares of the industrial products company’s stock valued at $2,554,000 after buying an additional 1,816 shares during the last quarter. Hedge funds and other institutional investors own 93.10% of the company’s stock.
Shares of LNN traded down $0.86 during mid-day trading on Friday, reaching $77.57. 131,622 shares of the company’s stock were exchanged, compared to its average volume of 91,806. The company has a current ratio of 3.85, a quick ratio of 2.63 and a debt-to-equity ratio of 0.43. The firm has a market cap of $836.98 million, a PE ratio of 26.38 and a beta of 0.26. Lindsay has a 52-week low of $76.35 and a 52-week high of $109.50.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.24 dividend on an annualized basis and a yield of 1.60%. Lindsay’s dividend payout ratio (DPR) is 42.18%.
Lindsay Company Profile
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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