Lindsay (LNN) to Release Quarterly Earnings on Thursday

Lindsay (NYSE:LNN - Get Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, April 3rd. Analysts expect the company to announce earnings of $1.70 per share and revenue of $174.50 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Lindsay (NYSE:LNN - Get Free Report) last posted its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.18. The firm had revenue of $166.30 million for the quarter, compared to analysts' expectations of $169.78 million. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The business's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. On average, analysts expect Lindsay to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Lindsay Stock Down 3.4 %

LNN stock traded down $4.43 during midday trading on Friday, hitting $126.55. The company's stock had a trading volume of 49,919 shares, compared to its average volume of 85,855. The firm's 50-day moving average is $132.00 and its 200-day moving average is $126.85. The company has a current ratio of 3.87, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. Lindsay has a 12 month low of $109.27 and a 12 month high of $140.27. The company has a market cap of $1.38 billion, a PE ratio of 20.31 and a beta of 0.70.

Remove Ads

Lindsay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, February 14th. Lindsay's payout ratio is currently 23.11%.

Wall Street Analyst Weigh In

LNN has been the subject of a number of recent analyst reports. StockNews.com raised Lindsay from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Stifel Nicolaus lifted their price target on shares of Lindsay from $126.00 to $130.00 and gave the stock a "hold" rating in a research note on Wednesday, January 8th.

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.