Lindsay (NYSE:LNN) Issues Earnings Results

Lindsay (NYSE:LNN - Get Free Report) released its quarterly earnings results on Tuesday. The industrial products company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.18, RTT News reports. The business had revenue of $166.30 million during the quarter, compared to analysts' expectations of $169.78 million. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS.

Lindsay Trading Up 1.8 %

Shares of LNN stock traded up $2.08 on Tuesday, reaching $119.72. 137,065 shares of the company's stock were exchanged, compared to its average volume of 80,666. Lindsay has a 52 week low of $109.27 and a 52 week high of $135.20. The company has a current ratio of 3.92, a quick ratio of 2.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.30 billion, a PE ratio of 19.89 and a beta of 0.66. The company's fifty day simple moving average is $125.51 and its 200 day simple moving average is $121.83.

Lindsay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, November 15th. Lindsay's dividend payout ratio is currently 23.92%.

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.