Brokerages Anticipate Lindsay Co. (NYSE:LNN) Will Announce Earnings of $1.66 Per Share

Brokerages expect Lindsay Co. (NYSE:LNNGet Rating) to report earnings of $1.66 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Lindsay’s earnings. The lowest EPS estimate is $1.53 and the highest is $1.79. Lindsay reported earnings of $1.61 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The company is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that Lindsay will report full-year earnings of $4.64 per share for the current fiscal year, with EPS estimates ranging from $4.45 to $4.82. For the next year, analysts forecast that the company will post earnings of $5.91 per share, with EPS estimates ranging from $5.01 to $6.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Lindsay.

Lindsay (NYSE:LNNGet Rating) last issued its earnings results on Tuesday, April 5th. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.12. The business had revenue of $200.10 million during the quarter, compared to analyst estimates of $187.09 million. Lindsay had a return on equity of 16.04% and a net margin of 6.76%. Lindsay’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 earnings per share.

Separately, StockNews.com started coverage on Lindsay in a research note on Thursday, March 31st. They set a “hold” rating for the company.

Shares of LNN opened at $128.46 on Friday. The firm has a market cap of $1.41 billion, a P/E ratio of 30.73 and a beta of 0.53. The stock has a 50 day simple moving average of $145.03 and a two-hundred day simple moving average of $144.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.79 and a quick ratio of 1.63. Lindsay has a 1 year low of $118.28 and a 1 year high of $179.26.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Tuesday, May 17th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Monday, May 16th. Lindsay’s dividend payout ratio (DPR) is presently 31.58%.

In other news, insider James Scott Marion sold 1,945 shares of the stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $146.01, for a total transaction of $283,989.45. Following the completion of the sale, the insider now owns 4,520 shares of the company’s stock, valued at $659,965.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Several institutional investors have recently made changes to their positions in LNN. Amundi Pioneer Asset Management Inc. bought a new position in shares of Lindsay during the first quarter valued at approximately $5,697,000. Royal Bank of Canada raised its holdings in shares of Lindsay by 84.1% during the second quarter. Royal Bank of Canada now owns 1,031 shares of the industrial products company’s stock valued at $170,000 after acquiring an additional 471 shares in the last quarter. Morgan Stanley raised its holdings in shares of Lindsay by 92.6% during the second quarter. Morgan Stanley now owns 66,500 shares of the industrial products company’s stock valued at $10,992,000 after acquiring an additional 31,968 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Lindsay by 32.6% during the third quarter. Van ECK Associates Corp now owns 1,142 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 281 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in shares of Lindsay by 28.7% during the third quarter. Advisor Group Holdings Inc. now owns 691 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 154 shares in the last quarter. Institutional investors own 85.44% of the company’s stock.

Lindsay Company Profile (Get Rating)

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company 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 and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand.

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