Brokerages predict that Lindsay Co. (NYSE:LNN) will report $0.79 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Lindsay’s earnings. The highest EPS estimate is $0.81 and the lowest is $0.77. Lindsay reported earnings per share of $0.49 during the same quarter last year, which would indicate a positive year over year growth rate of 61.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, January 6th.
On average, analysts expect that Lindsay will report full year earnings of $5.36 per share for the current year, with EPS estimates ranging from $4.62 to $6.30. For the next fiscal year, analysts anticipate that the company will post earnings of $5.62 per share, with EPS estimates ranging from $5.40 to $5.83. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Lindsay.
Lindsay (NYSE:LNN) last issued its quarterly earnings results on Wednesday, October 20th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.26). Lindsay had a net margin of 7.50% and a return on equity of 13.97%. The business had revenue of $153.65 million during the quarter, compared to analyst estimates of $141.88 million. During the same period last year, the firm posted $1.35 earnings per share. Lindsay’s quarterly revenue was up 19.7% compared to the same quarter last year.
LNN traded up $1.78 during trading on Thursday, hitting $159.35. The company’s stock had a trading volume of 20,360 shares, compared to its average volume of 58,159. Lindsay has a twelve month low of $111.05 and a twelve month high of $179.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.01 and a quick ratio of 1.96. The business’s fifty day simple moving average is $156.03. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 41.18 and a beta of 0.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 30th. Shareholders of record on Tuesday, November 16th will be given a $0.33 dividend. The ex-dividend date of this dividend is Monday, November 15th. This represents a $1.32 annualized dividend and a yield of 0.83%. Lindsay’s dividend payout ratio is currently 34.11%.
In other news, Director Michael Nahl sold 800 shares of the company’s stock in a transaction on Monday, November 8th. The stock was sold at an average price of $162.82, for a total transaction of $130,256.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Tompkins Financial Corp purchased a new position in shares of Lindsay during the 3rd quarter valued at $46,000. Advisor Group Holdings Inc. lifted its position in shares of Lindsay by 28.7% during the 3rd quarter. Advisor Group Holdings Inc. now owns 691 shares of the industrial products company’s stock valued at $103,000 after buying an additional 154 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Lindsay by 17.1% during the 2nd quarter. Van ECK Associates Corp now owns 861 shares of the industrial products company’s stock valued at $142,000 after buying an additional 126 shares during the last quarter. AdvisorNet Financial Inc lifted its position in shares of Lindsay by 586.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,030 shares of the industrial products company’s stock valued at $156,000 after buying an additional 880 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Lindsay by 84.1% during the 2nd quarter. Royal Bank of Canada now owns 1,031 shares of the industrial products company’s stock valued at $170,000 after buying an additional 471 shares during the last quarter. 86.17% of the stock is currently owned by hedge funds and other institutional investors.
Lindsay Company Profile
Lindsay Corp. provides proprietary water management and road infrastructure products and services. It operates its business through the following segments: Irrigation and Infrastructure. The Irrigation segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, as well as various innovative technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications.
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