Lindsay (LNN) Scheduled to Post Quarterly Earnings on Tuesday
Lindsay (NYSE:LNN) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, December 19th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
Lindsay (NYSE:LNN) last issued its quarterly earnings data on Thursday, October 12th. The industrial products company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.18. Lindsay had a net margin of 4.47% and a return on equity of 8.95%. The firm had revenue of $131.94 million for the quarter, compared to analyst estimates of $134.83 million. On average, analysts expect Lindsay to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Lindsay (NYSE LNN) opened at $91.61 on Tuesday. Lindsay has a fifty-two week low of $72.85 and a fifty-two week high of $96.22. The company has a current ratio of 3.18, a quick ratio of 2.25 and a debt-to-equity ratio of 0.43. The company has a market cap of $979.96, a PE ratio of 42.49, a price-to-earnings-growth ratio of 2.07 and a beta of 0.50.
LNN has been the topic of a number of research analyst reports. BidaskClub lowered shares of Lindsay 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 in a report on Thursday, October 12th. TheStreet lowered shares of Lindsay from a “b” rating to a “c+” rating in a report on Thursday, October 12th. Stifel Nicolaus increased their price objective on shares of Lindsay from $76.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $80.00 price objective on shares of Lindsay in a report on Sunday, September 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $95.00.
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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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