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%.
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.
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