Lindsay (LNN) to Release Earnings on Thursday

Lindsay (NYSE:LNN - Get Free Report) is set to release its earnings data before the market opens on Thursday, April 4th. Analysts expect Lindsay to post earnings of $1.52 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Lindsay (NYSE:LNN - Get Free Report) last announced its earnings results on Thursday, January 4th. The industrial products company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.09. Lindsay had a net margin of 10.49% and a return on equity of 15.53%. The business had revenue of $161.40 million for the quarter, compared to the consensus estimate of $163.44 million. During the same quarter in the prior year, the firm posted $1.65 earnings per share. The business's revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts expect Lindsay to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Lindsay Trading Down 0.4 %

Shares of LNN traded down $0.53 during midday trading on Thursday, hitting $117.58. The stock had a trading volume of 85,959 shares, compared to its average volume of 81,932. The firm has a market cap of $1.30 billion, a PE ratio of 19.14 and a beta of 0.61. Lindsay has a 1 year low of $106.46 and a 1 year high of $152.23. The stock's 50 day moving average is $123.20 and its 200 day moving average is $123.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.53 and a quick ratio of 2.37.

Lindsay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.19%. The ex-dividend date was Wednesday, February 14th. Lindsay's dividend payout ratio is presently 22.36%.

Institutional Trading of Lindsay

A number of institutional investors have recently modified their holdings of LNN. Norges Bank acquired a new stake in Lindsay in the 4th quarter worth approximately $21,112,000. Millennium Management LLC boosted its stake in Lindsay by 461.5% in the 2nd quarter. Millennium Management LLC now owns 150,404 shares of the industrial products company's stock worth $19,977,000 after purchasing an additional 123,619 shares in the last quarter. BlackRock Inc. boosted its stake in Lindsay by 5.9% in the 1st quarter. BlackRock Inc. now owns 1,886,075 shares of the industrial products company's stock worth $296,133,000 after purchasing an additional 104,363 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Lindsay by 212.8% during the 4th quarter. Nuveen Asset Management LLC now owns 92,299 shares of the industrial products company's stock valued at $11,921,000 after acquiring an additional 62,794 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Lindsay by 1,276.9% during the 2nd quarter. Renaissance Technologies LLC now owns 53,700 shares of the industrial products company's stock valued at $7,132,000 after acquiring an additional 49,800 shares during the period. 89.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LNN shares. StockNews.com downgraded shares of Lindsay from a "buy" rating to a "hold" rating in a research note on Thursday, March 7th. Stifel Nicolaus cut their target price on shares of Lindsay from $129.00 to $123.00 and set a "hold" rating on the stock in a research report on Tuesday, December 19th. Finally, TheStreet downgraded shares of Lindsay from a "b-" rating to a "c+" rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $136.50.

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.