Lindsay (NYSE:LNN) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Share on StockTwits

Lindsay (NYSE:LNN) announced its earnings results on Wednesday. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.10), MarketWatch Earnings reports. Lindsay had a net margin of 8.14% and a return on equity of 13.65%. The business had revenue of $108.50 million for the quarter, compared to analysts’ expectations of $113.07 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year.

Shares of NYSE:LNN traded up $4.27 during trading on Friday, reaching $143.09. 870 shares of the company were exchanged, compared to its average volume of 104,289. The firm has a market capitalization of $1.55 billion, a PE ratio of 38.99 and a beta of 0.29. The business’s fifty day simple moving average is $121.49 and its 200-day simple moving average is $106.10. Lindsay has a 12-month low of $71.86 and a 12-month high of $139.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.40 and a quick ratio of 2.37.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 26th. Stockholders of record on Friday, February 12th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.89%. Lindsay’s dividend payout ratio (DPR) is presently 35.96%.

A number of analysts recently weighed in on LNN shares. Boenning Scattergood raised shares of Lindsay from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research report on Thursday, October 22nd. BidaskClub raised shares of Lindsay from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 18th. Finally, Monness Crespi & Hardt raised shares of Lindsay from a “sell” rating to a “neutral” rating in a research report on Friday, October 23rd. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $108.25.

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 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 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.

Featured Article: Most Active Stocks

Earnings History for Lindsay (NYSE:LNN)

Receive News & Ratings for Lindsay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindsay and related companies with's FREE daily email newsletter.