FY2025 Earnings Estimate for Lindsay Issued By William Blair

Lindsay Co. (NYSE:LNN) – Equities research analysts at William Blair upped their FY2025 EPS estimates for shares of Lindsay in a research report issued on Wednesday, January 8th. William Blair analyst B. Drab now anticipates that the industrial products company will post earnings of $6.02 per share for the year, up from their prior estimate of $5.81. The consensus estimate for Lindsay’s current full-year earnings is $5.64 per share. William Blair also issued estimates for Lindsay’s FY2026 earnings at $6.50 EPS.

Lindsay (NYSE:LNN) last announced its quarterly earnings results on Tuesday, January 7th. The industrial products company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.18. Lindsay had a return on equity of 12.86% and a net margin of 10.91%. The company had revenue of $166.30 million during the quarter, compared to analyst estimates of $169.78 million. During the same period in the prior year, the company earned $1.36 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis.

Several other research firms have also commented on LNN. Stifel Nicolaus increased their price objective on shares of Lindsay from $126.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday. StockNews.com raised shares of Lindsay from a “hold” rating to a “buy” rating in a report on Tuesday.

Lindsay Stock Up 2.4 %

NYSE LNN opened at $122.66 on Thursday. The stock has a 50 day moving average price of $125.69 and a 200-day moving average price of $121.88. Lindsay has a one year low of $109.27 and a one year high of $135.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.92. The company has a market capitalization of $1.33 billion, a P/E ratio of 20.38 and a beta of 0.66.

Lindsay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, November 15th. Lindsay’s dividend payout ratio (DPR) is 23.11%.

Institutional Trading of Lindsay

Several institutional investors have recently added to or reduced their stakes in the company. Atom Investors LP purchased a new stake in shares of Lindsay in the third quarter worth approximately $731,000. Barclays PLC increased its stake in Lindsay by 248.8% in the third quarter. Barclays PLC now owns 19,607 shares of the industrial products company’s stock worth $2,446,000 after purchasing an additional 13,986 shares during the period. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Lindsay during the second quarter worth $1,327,000. Victory Capital Management Inc. boosted its stake in shares of Lindsay by 139.4% during the second quarter. Victory Capital Management Inc. now owns 11,768 shares of the industrial products company’s stock valued at $1,446,000 after purchasing an additional 6,853 shares during the period. Finally, Deprince Race & Zollo Inc. bought a new position in shares of Lindsay in the second quarter worth about $6,402,000. Institutional investors own 89.94% of the company’s stock.

About Lindsay

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.