News articles about Lindsay (NYSE:LNN) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lindsay earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 47.0750648467659 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of equities research analysts have issued reports on the company. TheStreet downgraded Lindsay from a “b-” rating to a “c” rating in a research report on Tuesday, January 9th. Stifel Nicolaus restated a “hold” rating and set a $91.00 price objective on shares of Lindsay in a research note on Thursday, December 14th. Zacks Investment Research cut Lindsay from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. Finally, Boenning Scattergood restated a “hold” rating on shares of Lindsay in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $95.25.
Shares of Lindsay (NYSE LNN) traded up $1.13 on Friday, hitting $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 $994.80, a PE ratio of 38.99, a PEG ratio of 2.03 and a beta of 0.50. Lindsay has a 12 month low of $73.34 and a 12 month 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.
Lindsay (NYSE:LNN) last issued its quarterly earnings data on Thursday, December 21st. The industrial products company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The company 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 revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. analysts predict that Lindsay will post 3.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Tuesday, February 13th. Lindsay’s dividend payout ratio is presently 50.42%.
In related news, EVP David B. Downing sold 21,816 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael Nahl sold 7,200 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was 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 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 90 days, insiders have sold 55,281 shares of company stock worth $4,763,339. 3.10% of the stock is currently owned by insiders.
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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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