Lindsay (NYSE:LNN - Get Free Report) issued its quarterly earnings results on Thursday. The industrial products company reported $2.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.55, RTT News reports. The business had revenue of $187.10 million for the quarter, compared to analyst estimates of $174.50 million. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The company's revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.64 earnings per share.
Lindsay Stock Performance
Shares of LNN stock traded down $0.01 during trading hours on Monday, hitting $119.79. The company's stock had a trading volume of 169,524 shares, compared to its average volume of 82,504. The stock has a market cap of $1.30 billion, a PE ratio of 19.24 and a beta of 0.72. Lindsay has a 12-month low of $109.27 and a 12-month high of $140.26. The company has a 50 day moving average of $131.04 and a 200 day moving average of $127.02. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.20%. Lindsay's dividend payout ratio is presently 23.11%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Lindsay from $130.00 to $134.00 and gave the stock a "hold" rating in a report on Friday. StockNews.com lowered Lindsay from a "buy" rating to a "hold" rating in a research note on Thursday.
View Our Latest Analysis on Lindsay
About Lindsay
(
Get Free Report)
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.
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