Brokerages expect that Lindsay Co. (NYSE:LNN) will report sales of $131.71 million for the current quarter, according to Zacks. Four analysts have provided estimates for Lindsay’s earnings, with the lowest sales estimate coming in at $131.30 million and the highest estimate coming in at $132.40 million. Lindsay posted sales of $124.13 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.1%. The business is expected to report its next earnings report on Thursday, March 29th.
According to Zacks, analysts expect that Lindsay will report full-year sales of $131.71 million for the current year, with estimates ranging from $550.00 million to $569.40 million. For the next financial year, analysts forecast that the business will post sales of $589.84 million per share, with estimates ranging from $580.00 million to $598.49 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Lindsay.
Lindsay (NYSE:LNN) last issued its quarterly earnings data on Thursday, December 21st. The industrial products company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). The company had revenue of $124.53 million during the quarter, compared to the consensus estimate of $117.11 million. Lindsay had a net margin of 4.79% and a return on equity of 9.65%. Lindsay’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 earnings per share.
Lindsay (NYSE:LNN) opened at $92.66 on Wednesday. Lindsay has a 1 year low of $79.03 and a 1 year high of $96.22. The company has a market cap of $994.73, a PE ratio of 38.98, a P/E/G ratio of 2.00 and a beta of 0.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.24 and a current ratio of 3.29.
In other news, insider David B. Downing sold 26,265 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $86.14, for a total value of $2,262,467.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bill Welsh sold 800 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $90.20, for a total transaction of $72,160.00. The disclosure for this sale can be found here. Insiders have sold 58,281 shares of company stock worth $5,033,499 over the last quarter. Corporate insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of LNN. Elkfork Partners LLC acquired a new stake in shares of Lindsay in the 4th quarter valued at approximately $136,000. Crossmark Global Holdings Inc. bought a new position in Lindsay in the 3rd quarter valued at approximately $224,000. Dynamic Technology Lab Private Ltd bought a new position in Lindsay in the 3rd quarter valued at approximately $246,000. Jane Street Group LLC bought a new position in Lindsay in the 4th quarter valued at approximately $248,000. Finally, Victory Capital Management Inc. bought a new position in Lindsay in the 3rd quarter valued at approximately $261,000. Institutional investors own 92.02% of the company’s stock.
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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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