Equities analysts expect Lindsay Co. (NYSE:LNN) to announce earnings of $0.56 per share for the current quarter, according to Zacks. Four analysts have made estimates for Lindsay’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.53. Lindsay posted earnings of $0.47 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 19.1%. The business is scheduled to report its next quarterly earnings report on Thursday, March 29th.
On average, analysts expect that Lindsay will report full year earnings of $3.05 per share for the current financial year, with EPS estimates ranging from $2.88 to $3.32. For the next fiscal year, analysts expect that the firm will post earnings of $3.78 per share, with EPS estimates ranging from $3.40 to $4.65. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Lindsay.
Lindsay (NYSE:LNN) last released its quarterly earnings results on Thursday, December 21st. The industrial products company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.06). The firm had revenue of $124.53 million for the quarter, compared to analyst estimates of $117.11 million. Lindsay had a return on equity of 9.65% and a net margin of 4.79%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS.
Lindsay (LNN) traded up $1.13 on Friday, reaching $92.79. The company’s stock had a trading volume of 59,877 shares, compared to its average volume of 94,261. The firm has a market capitalization of $982.72, a price-to-earnings ratio of 38.99, a price-to-earnings-growth ratio of 2.00 and a beta of 0.50. Lindsay has a 52 week low of $73.34 and a 52 week high of $96.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.24 and a current ratio of 3.29.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, February 13th. Lindsay’s payout ratio is currently 50.42%.
In other news, EVP David B. Downing sold 21,816 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $86.11, for a total value of $1,878,575.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Nahl sold 7,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $86.43, for a total value of $622,296.00. Following the completion of the transaction, the director now directly owns 3,687 shares in the company, valued at approximately $318,667.41. The disclosure for this sale can be found here. In the last three months, insiders sold 55,281 shares of company stock worth $4,763,339. Corporate insiders own 3.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in LNN. Flinton Capital Management LLC increased its holdings in shares of Lindsay by 72.7% in the second quarter. Flinton Capital Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $115,000 after purchasing an additional 544 shares during the period. Van ECK Associates Corp increased its holdings in shares of Lindsay by 27.2% in the second quarter. Van ECK Associates Corp now owns 1,692 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 362 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Lindsay in the second quarter valued at approximately $205,000. OxFORD Asset Management LLP acquired a new position in shares of Lindsay in the second quarter valued at approximately $219,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Lindsay in the third quarter valued at approximately $224,000. 93.97% of the stock is currently owned by institutional investors and hedge funds.
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Lindsay 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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