Press coverage about Lindsay (NYSE:LNN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lindsay earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 47.4317990098645 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
LNN has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $91.00 price objective on shares of Lindsay in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of Lindsay from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. TheStreet raised shares of Lindsay from a “c+” rating to a “b-” rating in a report on Thursday, November 16th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Lindsay in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $95.25.
Lindsay (NYSE:LNN) opened at $89.17 on Thursday. The company has a quick ratio of 2.24, a current ratio of 3.29 and a debt-to-equity ratio of 0.43. The firm has a market cap of $956.03, a PE ratio of 37.47, a P/E/G ratio of 1.94 and a beta of 0.50. Lindsay has a fifty-two week low of $73.34 and a fifty-two week high of $96.22.
Lindsay (NYSE:LNN) last issued its quarterly earnings results on Thursday, December 21st. The industrial products company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The company had revenue of $124.53 million during the quarter, compared to analysts’ expectations of $117.11 million. Lindsay had a return on equity of 9.65% and a net margin of 4.79%. Lindsay’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. analysts predict that Lindsay will post 3.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors 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 1.35%. The ex-dividend date is Tuesday, February 13th. Lindsay’s dividend payout ratio (DPR) is currently 50.42%.
In related news, insider David B. Downing sold 26,265 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $86.14, for a total value of $2,262,467.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Nahl sold 7,200 shares of the business’s stock in a transaction dated 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 sale, the director now owns 3,687 shares in the company, valued at $318,667.41. The disclosure for this sale can be found here. Insiders sold a total of 55,281 shares of company stock worth $4,763,339 over the last three months. 1.20% of the stock is owned by insiders.
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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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