Equities research analysts predict that Lindsay Co. (NYSE:LNN – Get Rating) will report earnings of $1.66 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued 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 in the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The firm is expected to issue its next quarterly 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 year, with EPS estimates ranging from $4.45 to $4.82. For the next year, analysts anticipate that the business will post earnings of $5.91 per share, with EPS estimates ranging from $5.01 to $6.80. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Lindsay.
Lindsay (NYSE:LNN – Get Rating) last released its earnings results on Tuesday, April 5th. The industrial products company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.01. Lindsay had a return on equity of 16.04% and a net margin of 6.76%. The business had revenue of $200.10 million for the quarter, compared to analysts’ expectations of $187.09 million. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The firm’s revenue was up 39.3% on a year-over-year basis.
In related news, insider James Scott Marion sold 1,945 shares of the firm’s stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $146.01, for a total value of $283,989.45. Following the sale, the insider now directly owns 4,520 shares of the company’s stock, valued at $659,965.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its holdings in Lindsay by 13.0% in the first quarter. Advisors Asset Management Inc. now owns 11,013 shares of the industrial products company’s stock worth $1,729,000 after buying an additional 1,271 shares during the period. Eaton Vance Management lifted its holdings in Lindsay by 6,016.3% in the first quarter. Eaton Vance Management now owns 37,065 shares of the industrial products company’s stock worth $5,820,000 after buying an additional 36,459 shares during the period. Captrust Financial Advisors lifted its holdings in Lindsay by 21.3% in the first quarter. Captrust Financial Advisors now owns 1,134 shares of the industrial products company’s stock worth $178,000 after buying an additional 199 shares during the period. Lombard Odier Asset Management Europe Ltd purchased a new stake in Lindsay in the first quarter worth about $8,933,000. Finally, State Street Corp lifted its holdings in Lindsay by 4.0% in the first quarter. State Street Corp now owns 374,508 shares of the industrial products company’s stock worth $58,802,000 after buying an additional 14,301 shares during the period. Institutional investors and hedge funds own 85.44% of the company’s stock.
Shares of NYSE:LNN opened at $127.89 on Friday. The stock’s 50-day moving average price is $140.11 and its 200-day moving average price is $141.46. Lindsay has a 12-month low of $118.28 and a 12-month high of $179.26. The stock has a market capitalization of $1.40 billion, a P/E ratio of 30.60 and a beta of 0.53. The company has a current ratio of 2.79, a quick ratio of 1.63 and a debt-to-equity ratio of 0.32.
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. The ex-dividend date is Monday, May 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.03%. Lindsay’s dividend payout ratio (DPR) is currently 31.58%.
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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