Lindsay (LNN) to Release Quarterly Earnings on Thursday

Lindsay (NYSE:LNN) is anticipated to release its earnings data before the market opens on Thursday, April 3rd. Analysts expect Lindsay to post earnings of $1.70 per share and revenue of $174.50 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

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

Lindsay Price Performance

Shares of Lindsay stock opened at $130.72 on Thursday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 20.98 and a beta of 0.70. The firm’s 50-day moving average price is $132.13 and its two-hundred day moving average price is $126.58. 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 1-year low of $109.27 and a 1-year high of $140.27.

Lindsay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Friday, February 14th. Lindsay’s dividend payout ratio is currently 23.11%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Lindsay from $126.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. StockNews.com raised shares of Lindsay from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th.

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.