Lindsay (LNN) to Release Earnings on Thursday

Lindsay (NYSE:LNN) is expected to issue its quarterly earnings data before the market opens on Thursday, April 3rd. Analysts expect the company to announce earnings of $1.70 per share and revenue of $174.50 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

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 the consensus estimate of $1.39 by $0.18. The company had revenue of $166.30 million for the quarter, compared to the consensus estimate of $169.78 million. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.36 earnings per share. On average, analysts expect Lindsay to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Lindsay Price Performance

NYSE LNN opened at $130.72 on Thursday. Lindsay has a 1 year low of $109.27 and a 1 year high of $140.27. The company has a fifty day simple moving average of $132.13 and a 200 day simple moving average of $126.58. The company has a current ratio of 3.87, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.42 billion, a P/E ratio of 20.98 and a beta of 0.70.

Lindsay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.44 annualized dividend and a yield of 1.10%. Lindsay’s dividend payout ratio (DPR) is 23.11%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. StockNews.com raised Lindsay from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Stifel Nicolaus lifted their price target on shares of Lindsay from $126.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th.

Lindsay Company Profile

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.