Analysts expect Lindsay Co. (NYSE:LNN) to announce earnings of $0.80 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Lindsay’s earnings. The lowest EPS estimate is $0.60 and the highest is $1.08. Lindsay reported earnings per share of $0.59 during the same quarter last year, which would suggest a positive year over year growth rate of 35.6%. The business is scheduled to issue its next earnings results on Thursday, October 11th.

On average, analysts expect that Lindsay will report full-year earnings of $3.22 per share for the current fiscal year, with EPS estimates ranging from $3.11 to $3.40. For the next financial year, analysts anticipate that the company will report earnings of $3.65 per share, with EPS estimates ranging from $3.36 to $4.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Lindsay.

Lindsay (NYSE:LNN) last posted its quarterly earnings results on Thursday, June 28th. The industrial products company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.27. Lindsay had a net margin of 3.89% and a return on equity of 12.26%. The firm had revenue of $169.60 million for the quarter, compared to analysts’ expectations of $167.57 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis.

A number of research firms have recently commented on LNN. ValuEngine upgraded shares of Lindsay from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research cut shares of Lindsay from a “buy” rating to a “hold” rating in a report on Monday, June 4th. Finally, TheStreet upgraded shares of Lindsay from a “c+” rating to a “b+” rating in a report on Thursday, June 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $95.33.

In other news, Director Bill Welsh sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $93.52, for a total transaction of $280,560.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in Lindsay by 225.4% in the first quarter. Royal Bank of Canada now owns 1,165 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 807 shares during the last quarter. Sei Investments Co. purchased a new stake in Lindsay in the first quarter worth approximately $154,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Lindsay in the second quarter worth approximately $221,000. Crossmark Global Holdings Inc. purchased a new stake in Lindsay in the second quarter worth approximately $222,000. Finally, SG Americas Securities LLC purchased a new stake in Lindsay in the second quarter worth approximately $239,000. Institutional investors own 91.24% of the company’s stock.

NYSE:LNN opened at $91.32 on Tuesday. Lindsay has a 52 week low of $83.57 and a 52 week high of $103.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.71 and a current ratio of 3.55. The company has a market cap of $950.34 million, a PE ratio of 42.08, a PEG ratio of 1.49 and a beta of 0.32.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Friday, August 17th will be issued a dividend of $0.31 per share. This is a boost from Lindsay’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.36%. Lindsay’s dividend payout ratio is presently 55.30%.

Lindsay Company Profile

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company's 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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Earnings History and Estimates for Lindsay (NYSE:LNN)

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