Lindsay Corp. (NYSE:LNN) – Analysts at William Blair issued their Q1 2017 earnings per share (EPS) estimates for shares of Lindsay Corp. in a research note issued to investors on Friday. William Blair analyst B. Drab forecasts that the firm will post earnings per share of $0.65 for the quarter. William Blair also issued estimates for Lindsay Corp.’s Q3 2017 earnings at $1.04 EPS, Q4 2017 earnings at $0.67 EPS and FY2017 earnings at $3.00 EPS.
Lindsay Corp. (NYSE:LNN) last announced its quarterly earnings data on Thursday, October 13th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.30. The firm had revenue of $132.90 million for the quarter, compared to the consensus estimate of $113.38 million. Lindsay Corp. had a net margin of 3.92% and a return on equity of 11.25%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS.
LNN has been the topic of several other research reports. TheStreet raised shares of Lindsay Corp. from a “hold” rating to a “buy” rating in a research report on Friday, July 1st. Stifel Nicolaus boosted their target price on shares of Lindsay Corp. from $64.00 to $69.00 and gave the stock a “sell” rating in a research report on Friday. Finally, Zacks Investment Research downgraded shares of Lindsay Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 8th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $72.29.
Shares of Lindsay Corp. (NYSE:LNN) opened at 77.55 on Monday. Lindsay Corp. has a 12 month low of $62.99 and a 12 month high of $80.28. The stock’s 50 day moving average is $72.47 and its 200 day moving average is $71.21. The company has a market capitalization of $824.36 million, a P/E ratio of 93.21 and a beta of 0.82.
Several hedge funds have recently added to or reduced their stakes in LNN. Mariner Wealth Advisors LLC acquired a new stake in Lindsay Corp. during the first quarter valued at approximately $353,000. Teachers Advisors Inc. boosted its position in Lindsay Corp. by 15.8% in the first quarter. Teachers Advisors Inc. now owns 21,040 shares of the company’s stock valued at $1,507,000 after buying an additional 2,867 shares in the last quarter. Cardinal Capital Management boosted its position in Lindsay Corp. by 7.0% in the second quarter. Cardinal Capital Management now owns 4,388 shares of the company’s stock valued at $298,000 after buying an additional 288 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Lindsay Corp. by 60.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,268 shares of the company’s stock valued at $357,000 after buying an additional 1,981 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in Lindsay Corp. by 10.7% in the second quarter. Schroder Investment Management Group now owns 74,983 shares of the company’s stock valued at $5,088,000 after buying an additional 7,255 shares in the last quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Monday, November 14th. Lindsay Corp.’s dividend payout ratio (DPR) is currently 61.70%.
About Lindsay Corp.
Lindsay Corporation provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. Its Irrigation Segment includes the manufacture and marketing of center pivot, lateral move and hose reel irrigation systems, which are used principally in the agricultural industry.
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