Lindsay Co. (NYSE:LNN) has been given an average rating of “Hold” by the seven research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $92.67.
Several equities analysts have recently commented on the company. TheStreet upgraded Lindsay from a “c+” rating to a “b-” rating in a research note on Thursday, November 16th. Stifel Nicolaus reissued a “hold” rating and set a $91.00 price target on shares of Lindsay in a research report on Thursday, December 14th. Finally, Zacks Investment Research lowered Lindsay from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th.
In related news, Director Michael Nahl sold 7,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $86.43, for a total transaction of $622,296.00. Following the sale, the director now directly owns 3,687 shares of the company’s stock, valued at approximately $318,667.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bill Welsh sold 800 shares of the company’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 value of $72,160.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,281 shares of company stock worth $5,033,499. Corporate insiders own 1.20% of the company’s stock.
Lindsay (NYSE LNN) opened at $92.66 on Wednesday. The company has a market capitalization of $994.73, a P/E ratio of 38.98, a PEG 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. Lindsay has a one year low of $79.03 and a one year high of $96.22.
Lindsay (NYSE:LNN) last released its earnings results on Thursday, December 21st. The industrial products company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). The business had revenue of $124.53 million for the quarter, compared to analysts’ expectations of $117.11 million. Lindsay had a net margin of 4.79% and a return on equity of 9.65%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share. sell-side analysts anticipate that Lindsay will post 3.09 earnings per share for the current year.
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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