FY2025 Earnings Estimate for Lindsay Issued By William Blair

Lindsay Co. (NYSE:LNN - Free Report) - Research analysts at William Blair raised their FY2025 earnings per share estimates for shares of Lindsay in a research note issued to investors on Wednesday, January 8th. William Blair analyst B. Drab now anticipates that the industrial products company will post earnings per share of $6.02 for the year, up from their previous estimate of $5.81. The consensus estimate for Lindsay's current full-year earnings is $5.64 per share. William Blair also issued estimates for Lindsay's FY2026 earnings at $6.50 EPS.

Several other research analysts have also recently commented on the stock. Stifel Nicolaus raised their target price on shares of Lindsay from $126.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday. StockNews.com upgraded Lindsay from a "hold" rating to a "buy" rating in a research note on Tuesday.

Lindsay Stock Performance

Lindsay stock traded up $2.87 during midday trading on Thursday, hitting $122.66. The company's stock had a trading volume of 112,993 shares, compared to its average volume of 87,118. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.92 and a quick ratio of 2.69. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 20.38 and a beta of 0.66. Lindsay has a 1-year low of $109.27 and a 1-year high of $135.20. The company has a 50-day moving average price of $125.69 and a two-hundred day moving average price of $121.88.

Lindsay (NYSE:LNN - Get Free Report) last posted its earnings results on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.18. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The company had revenue of $166.30 million during the quarter, compared to the consensus estimate of $169.78 million. During the same quarter last year, the firm earned $1.36 earnings per share. The company's revenue was up 3.0% on a year-over-year basis.

Lindsay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, November 15th. Lindsay's payout ratio is presently 23.11%.

Institutional Trading of Lindsay

Large investors have recently made changes to their positions in the company. KBC Group NV lifted its stake in Lindsay by 32.7% during the third quarter. KBC Group NV now owns 343,132 shares of the industrial products company's stock worth $42,768,000 after purchasing an additional 84,560 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in shares of Lindsay during the 2nd quarter worth $6,402,000. Wellington Management Group LLP boosted its stake in Lindsay by 35.4% in the third quarter. Wellington Management Group LLP now owns 138,170 shares of the industrial products company's stock valued at $17,222,000 after buying an additional 36,128 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Lindsay by 46.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 74,950 shares of the industrial products company's stock valued at $9,342,000 after acquiring an additional 23,710 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Lindsay by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company's stock worth $41,975,000 after acquiring an additional 21,474 shares in the last quarter. Institutional investors and hedge funds own 89.94% of the company's stock.

Lindsay Company Profile

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It 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 brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems.