Lindsay Corporation (LNN) Set to Announce Earnings on Thursday
Lindsay Corporation (NYSE:LNN) is set to release its earnings data before the market opens on Thursday, October 12th. Analysts expect Lindsay Corporation to post earnings of $0.64 per share for the quarter.
Lindsay Corporation (NYSE LNN) opened at 91.62 on Wednesday. Lindsay Corporation has a 52 week low of $69.11 and a 52 week high of $95.04. The firm has a 50-day moving average price of $88.11 and a 200-day moving average price of $87.25. The stock has a market cap of $979.33 million, a P/E ratio of 39.70 and a beta of 0.44.
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Several brokerages have recently weighed in on LNN. BidaskClub downgraded shares of Lindsay Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Boenning Scattergood reissued a “hold” rating on shares of Lindsay Corporation in a research report on Thursday, June 29th. Zacks Investment Research upgraded shares of Lindsay Corporation from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Monday, July 31st. Piper Jaffray Companies set a $80.00 target price on shares of Lindsay Corporation and gave the stock a “hold” rating in a report on Saturday, August 5th. Finally, Sidoti restated a “buy” rating and set a $107.00 target price (up previously from $100.00) on shares of Lindsay Corporation in a report on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $91.50.
In related news, insider Rick Parod sold 77,387 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $91.47, for a total transaction of $7,078,588.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.
Lindsay Corporation Company Profile
Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.
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