Media coverage about Lindsay Corporation (NYSE:LNN) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lindsay Corporation earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.9377654009626 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
LNN has been the topic of several research analyst reports. BidaskClub lowered Lindsay Corporation from a “buy” rating to a “hold” rating in a research note on Saturday. Piper Jaffray Companies set a $80.00 price objective on Lindsay Corporation and gave the company a “hold” rating in a research note on Saturday. Zacks Investment Research lowered Lindsay Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Sidoti reaffirmed a “buy” rating and issued a $107.00 price objective (up from $100.00) on shares of Lindsay Corporation in a research note on Friday, July 7th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Lindsay Corporation in a research note on Thursday, June 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Lindsay Corporation presently has an average rating of “Hold” and an average target price of $91.50.
Lindsay Corporation (LNN) traded down 0.79% during mid-day trading on Monday, reaching $89.30. The company had a trading volume of 14,836 shares. The stock has a market capitalization of $954.53 million, a P/E ratio of 38.69 and a beta of 0.43. The stock has a 50 day moving average price of $89.21 and a 200-day moving average price of $84.03. Lindsay Corporation has a 12-month low of $69.11 and a 12-month high of $95.04.
Lindsay Corporation (NYSE:LNN) last posted its earnings results on Thursday, June 29th. The industrial products company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.07. Lindsay Corporation had a return on equity of 9.69% and a net margin of 4.75%. The business had revenue of $151.50 million during the quarter, compared to analysts’ expectations of $145.30 million. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Equities analysts anticipate that Lindsay Corporation will post $2.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.33%. This is a boost from Lindsay Corporation’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, August 15th. Lindsay Corporation’s payout ratio is presently 50.43%.
In related news, insider David B. Downing sold 7,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $89.28, for a total transaction of $624,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rick Parod sold 77,387 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $91.47, for a total value of $7,078,588.89. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
Lindsay Corporation Company Profile
Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.
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