Lindsay (LNN) to Release Earnings on Thursday

Lindsay (NYSE:LNN) will be announcing its earnings results before the market opens on Thursday, June 27th. Analysts expect the company to announce earnings of $1.25 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Lindsay (NYSE:LNN) last issued its quarterly earnings data on Thursday, April 4th. The industrial products company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.12. Lindsay had a return on equity of 15.04% and a net margin of 10.74%. The company had revenue of $151.50 million during the quarter, compared to analysts’ expectations of $172.06 million. During the same quarter in the previous year, the company posted $1.63 earnings per share. The business’s revenue was down 8.8% on a year-over-year basis. On average, analysts expect Lindsay to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Lindsay Stock Down 0.0 %

NYSE LNN opened at $117.03 on Thursday. The company has a current ratio of 3.87, a quick ratio of 2.58 and a debt-to-equity ratio of 0.24. Lindsay has a 1-year low of $106.46 and a 1-year high of $137.31. The company has a 50 day moving average of $116.25 and a 200-day moving average of $121.60. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 18.67 and a beta of 0.61.

Lindsay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a $0.35 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.20%. Lindsay’s payout ratio is 22.33%.

Wall Street Analyst Weigh In

LNN has been the subject of a number of analyst reports. TheStreet downgraded shares of Lindsay from a “b-” rating to a “c+” rating in a research report on Tuesday, March 5th. StockNews.com downgraded shares of Lindsay from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Northcoast Research upgraded shares of Lindsay from a “neutral” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.33.

Lindsay Company Profile

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems.