Lindsay Corp. Announces Quarterly Dividend of $0.26 (LNN)
Lindsay Corp. (NYSE:LNN) declared a quarterly dividend on Friday, January 3rd, AnalystRatings.NET reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.26 per share on Friday, February 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.26%.
A number of research firms have recently commented on LNN. Analysts at Sterne Agee initiated coverage on shares of Lindsay Corp. in a research note to investors on Thursday, December 19th. They set a “buy” rating on the stock. On a related note, analysts at Gabelli initiated coverage on shares of Lindsay Corp. in a research note to investors on Monday, December 16th. They set a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Lindsay Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, November 15th. They now have a $72.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $87.00.
Shares of Lindsay Corp. (NYSE:LNN) opened at 82.52 on Friday. Lindsay Corp. has a 1-year low of $71.13 and a 1-year high of $94.90. The stock’s 50-day moving average is $79.37 and its 200-day moving average is $78.00. The company has a market cap of $1.062 billion and a price-to-earnings ratio of 15.13.
Lindsay Corp. (NYSE:LNN) last issued its quarterly earnings data on Thursday, January 2nd. The company reported $0.79 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.89 by $0.10. The company had revenue of $147.70 million for the quarter, compared to the consensus estimate of $142.19 million. During the same quarter in the previous year, the company posted $1.15 earnings per share. Analysts expect that Lindsay Corp. will post $4.60 EPS for the current fiscal year.
Lindsay Corporation is a provider of range of water management and road infrastructure products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.