Somewhat Favorable News Coverage Somewhat Unlikely to Affect Lindsay Corporation (LNN) Stock Price
News stories about Lindsay Corporation (NYSE:LNN) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lindsay Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.2808822177158 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Lindsay Corp. : LNN-US: Dividend Analysis : November 16th, 2017 (record date) : By the numbers : November 16, 2017 (finance.yahoo.com)
- Lindsay Corporation (LNN) Shares Sold by Goldman Sachs Group Inc. (topix.com)
- Ex-Dividend Reminder: Microsoft, Lindsay and Orbital ATK (forbes.com)
- Lindsay Corp. breached its 50 day moving average in a Bearish Manner : LNN-US : November 10, 2017 (finance.yahoo.com)
- Brokerages Anticipate Lindsay Corporation (LNN) to Post $0.36 Earnings Per Share (americanbankingnews.com)
Several brokerages have recently issued reports on LNN. Zacks Investment Research upgraded shares of 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 shares of Lindsay Corporation and gave the stock a “hold” rating in a research note on Saturday, August 5th. BidaskClub downgraded shares of Lindsay Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Boenning Scattergood restated a “hold” rating on shares of Lindsay Corporation in a research note on Thursday, October 12th. Finally, Stifel Nicolaus raised their price objective on shares of Lindsay Corporation from $76.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Lindsay Corporation has an average rating of “Hold” and a consensus price target of $95.00.
Lindsay Corporation (NYSE LNN) traded down $1.08 on Friday, reaching $88.15. 175,422 shares of the company’s stock were exchanged, compared to its average volume of 81,244. Lindsay Corporation has a 1 year low of $72.85 and a 1 year high of $95.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.18 and a quick ratio of 2.25. The firm has a market capitalization of $950.22, a P/E ratio of 40.88, a P/E/G ratio of 1.99 and a beta of 0.49.
Lindsay Corporation (NYSE:LNN) last posted its quarterly earnings results on Thursday, October 12th. The industrial products company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.18. Lindsay Corporation had a net margin of 4.47% and a return on equity of 8.95%. The firm had revenue of $131.94 million for the quarter, compared to the consensus estimate of $134.83 million. analysts forecast that Lindsay Corporation will post 2.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. Lindsay Corporation’s dividend payout ratio is currently 55.30%.
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Lindsay Corporation Company Profile
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.
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