Lindsay Corporation (NYSE:LNN) announced its quarterly earnings results on Thursday. The industrial products company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.18, Zacks reports. The firm had revenue of $131.94 million for the quarter, compared to analyst estimates of $134.83 million. Lindsay Corporation had a return on equity of 8.95% and a net margin of 4.47%.

Lindsay Corporation (NYSE:LNN) opened at 87.83 on Friday. Lindsay Corporation has a 1-year low of $72.85 and a 1-year high of $95.04. The firm has a market capitalization of $938.81 million, a price-to-earnings ratio of 38.05 and a beta of 0.44. The company has a 50 day moving average price of $89.08 and a 200-day moving average price of $87.76.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Wednesday, November 15th. Lindsay Corporation’s dividend payout ratio is currently 55.56%.

LNN has been the topic of a number of recent analyst reports. BidaskClub lowered Lindsay Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Boenning Scattergood reaffirmed a “hold” rating on shares of Lindsay Corporation in a research note on Thursday, June 29th. Zacks Investment Research raised Lindsay Corporation from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Monday, July 31st. Piper Jaffray Companies set a $80.00 price objective on Lindsay Corporation and gave the stock a “hold” rating in a research note on Saturday, August 5th. Finally, Sidoti reaffirmed a “buy” rating and issued a $107.00 price objective (up from $100.00) on shares of Lindsay Corporation in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $95.00.

In related news, insider Rick Parod sold 77,387 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $91.47, for a total transaction of $7,078,588.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was reported by Watch List News and is owned by of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/lindsay-corporation-lnn-posts-earnings-results-beats-expectations-by-0-18-eps/1630105.html.

About Lindsay Corporation

Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.

Earnings History for Lindsay Corporation (NYSE:LNN)

Receive News & Ratings for Lindsay Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindsay Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.