Lindsay (NYSE:LNN) Posts Earnings Results

Lindsay (NYSE:LNN - Get Free Report) posted its quarterly earnings results on Thursday. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.16, Briefing.com reports. The business had revenue of $155.00 million for the quarter, compared to analyst estimates of $145.37 million. Lindsay had a net margin of 11.75% and a return on equity of 14.41%. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.74 EPS.

Lindsay Price Performance

Shares of NYSE LNN opened at $121.50 on Friday. The company has a quick ratio of 2.56, a current ratio of 3.95 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.32 billion, a PE ratio of 18.44 and a beta of 0.61. The firm has a fifty day simple moving average of $120.91 and a 200 day simple moving average of $118.50. Lindsay has a twelve month low of $109.27 and a twelve month high of $135.05.

Lindsay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.19%. Lindsay's dividend payout ratio is presently 21.85%.

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.