Lindsay (NYSE:LNN) Sets New 52-Week Low on Disappointing Earnings

Shares of Lindsay Corporation (NYSE:LNN) hit a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $105.07 and last traded at $111.3650, with a volume of 48525 shares trading hands. The stock had previously closed at $117.15.

The industrial products company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.45). Lindsay had a return on equity of 14.01% and a net margin of 11.02%.The business had revenue of $157.72 million for the quarter, compared to the consensus estimate of $163.52 million. During the same period in the previous year, the firm earned $2.44 earnings per share. The company’s revenue was down 15.7% on a year-over-year basis.

Lindsay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, February 13th. Lindsay’s payout ratio is currently 21.93%.

More Lindsay News

Here are the key news stories impacting Lindsay this week:

• Positive Sentiment: Deliveries have begun on an $80.0 million irrigation and technology project in the MENA region, providing near-term revenue visibility and backlog support. Read More.
• Positive Sentiment: Road-safety (Infrastru) product lines continue to grow, helping diversify revenue as irrigation markets soften. Read More.
• Neutral Sentiment: Management held the scheduled call; the earnings call transcript and slide deck are available for investors to hear commentary on demand trends, margins, and MENA execution. Read More.
• Neutral Sentiment: Company press release and slide deck posted with detailed segment results and backlog disclosures — useful for investors re-assessing near-term guidance. Read More.
• Negative Sentiment: Fiscal Q2 EPS missed consensus: $1.15 reported vs. $1.60 expected (miss of $0.45); revenue fell roughly 15.7% YoY and prior-year EPS was $2.44 — a material drop that drove the selloff. Read More.
• Negative Sentiment: Operating margins compressed and analysts note softer demand and expected revenue declines that could change the investment narrative until irrigation markets stabilize. Near-term profitability and growth visibility are the main investor concerns. Read More.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lifted their target price on Lindsay from $122.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Lindsay has a consensus rating of “Hold” and a consensus target price of $128.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its position in shares of Lindsay by 3.5% during the 3rd quarter. Amalgamated Bank now owns 3,204 shares of the industrial products company’s stock worth $450,000 after buying an additional 107 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Lindsay by 2.3% in the 2nd quarter. Sei Investments Co. now owns 6,466 shares of the industrial products company’s stock worth $933,000 after buying an additional 145 shares during the last quarter. Chatham Capital Group Inc. grew its holdings in shares of Lindsay by 1.4% in the fourth quarter. Chatham Capital Group Inc. now owns 12,440 shares of the industrial products company’s stock valued at $1,466,000 after acquiring an additional 170 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Lindsay by 11.3% in the third quarter. Van ECK Associates Corp now owns 1,739 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 177 shares in the last quarter. Finally, Aristides Capital LLC increased its position in shares of Lindsay by 10.4% during the third quarter. Aristides Capital LLC now owns 1,953 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 184 shares during the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindsay Stock Down 12.1%

The stock has a fifty day moving average of $127.17 and a 200 day moving average of $124.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.42 and a quick ratio of 2.43. The firm has a market capitalization of $1.08 billion, a P/E ratio of 15.25 and a beta of 0.82.

Lindsay Company Profile

Lindsay Corporation (NYSE: LNN) is a U.S.-based manufacturer of agricultural irrigation and infrastructure products. Headquartered in Omaha, Nebraska, the company has built a reputation for designing and producing center pivot and lateral‐move irrigation systems under the Zimmatic brand. These systems feature advanced controls, precision sprinklers and automated monitoring technology that help growers optimize water use, improve crop yields and enhance sustainability in a variety of row-crop, specialty crop and forage operations.

Beyond its core irrigation business, Lindsay operates an infrastructure segment that delivers engineered products and services for water and roadway management.