Lindsay (NYSE:LNN) released its quarterly earnings data on Wednesday. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.10), MarketWatch Earnings reports. The company had revenue of $108.50 million during the quarter, compared to the consensus estimate of $113.07 million. Lindsay had a net margin of 8.14% and a return on equity of 13.65%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS.
LNN traded up $5.11 during trading on Friday, reaching $143.93. The stock had a trading volume of 894 shares, compared to its average volume of 104,289. The stock’s 50 day moving average is $121.49 and its two-hundred day moving average is $106.10. The company has a current ratio of 3.40, a quick ratio of 2.37 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 38.99 and a beta of 0.29. Lindsay has a one year low of $71.86 and a one year high of $139.02.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 26th. Investors of record on Friday, February 12th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.89%. Lindsay’s payout ratio is 35.96%.
LNN has been the subject of a number of recent research reports. Boenning Scattergood upgraded shares of Lindsay from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Thursday, October 22nd. BidaskClub raised shares of Lindsay from a “buy” rating to a “strong-buy” rating in a report on Friday, December 18th. Finally, Monness Crespi & Hardt upgraded Lindsay from a “sell” rating to a “neutral” rating in a research note on Friday, October 23rd. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $108.25.
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company 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 and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand.
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