Analysts forecast that Lindsay Co. (NYSE:LNN) will announce earnings of $0.56 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Lindsay’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.53. Lindsay posted earnings of $0.47 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.1%. The business is scheduled to issue its next earnings results on Thursday, March 29th.
On average, analysts expect that Lindsay will report full-year earnings of $3.09 per share for the current financial year, with EPS estimates ranging from $2.88 to $3.32. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.82 per share, with EPS estimates ranging from $3.56 to $4.65. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Lindsay.
Lindsay (NYSE:LNN) last issued its quarterly earnings data on Thursday, December 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). The company had revenue of $124.53 million during the quarter, compared to analyst estimates of $117.11 million. Lindsay had a net margin of 4.79% and a return on equity of 9.65%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS.
In related news, Director Bill Welsh sold 800 shares of Lindsay stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $90.20, for a total value of $72,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David B. Downing sold 26,265 shares of Lindsay stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $86.14, for a total value of $2,262,467.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,281 shares of company stock valued at $5,033,499. 1.20% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in LNN. State Street Corp increased its stake in shares of Lindsay by 3.8% in the 2nd quarter. State Street Corp now owns 269,948 shares of the industrial products company’s stock valued at $24,094,000 after purchasing an additional 9,763 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Lindsay by 1.6% in the 3rd quarter. First Trust Advisors LP now owns 59,771 shares of the industrial products company’s stock valued at $5,493,000 after purchasing an additional 959 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Lindsay in the 3rd quarter valued at about $224,000. Victory Capital Management Inc. purchased a new position in shares of Lindsay in the 3rd quarter valued at about $261,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Lindsay by 41.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,434 shares of the industrial products company’s stock valued at $591,000 after purchasing an additional 1,895 shares in the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.
Shares of LNN stock traded down $0.37 during mid-day trading on Monday, hitting $92.28. The stock had a trading volume of 43,940 shares, compared to its average volume of 90,012. The firm has a market cap of $993.34, a PE ratio of 38.77, a PEG ratio of 2.00 and a beta of 0.36. The company has a current ratio of 3.29, a quick ratio of 2.24 and a debt-to-equity ratio of 0.43. Lindsay has a fifty-two week low of $79.03 and a fifty-two week high of $96.22.
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Lindsay 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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