William Blair Forecasts Lindsay's FY2025 Earnings (NYSE:LNN)

Lindsay Corporation (NYSE:LNN - Free Report) - Analysts at William Blair boosted their FY2025 earnings estimates for shares of Lindsay in a report issued on Friday, June 27th. William Blair analyst B. Drab now expects that the industrial products company will earn $6.70 per share for the year, up from their previous estimate of $6.57. The consensus estimate for Lindsay's current full-year earnings is $5.82 per share. William Blair also issued estimates for Lindsay's Q1 2026 earnings at $1.67 EPS, Q2 2026 earnings at $1.67 EPS, Q3 2026 earnings at $1.62 EPS, Q4 2026 earnings at $1.38 EPS and FY2027 earnings at $6.70 EPS.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus boosted their price objective on Lindsay from $128.00 to $136.00 and gave the company a "hold" rating in a research note on Friday, June 27th. Wall Street Zen upgraded shares of Lindsay from a "hold" rating to a "buy" rating in a research report on Friday, April 11th.

Lindsay Stock Performance

Shares of NYSE LNN traded up $1.18 during trading hours on Monday, reaching $148.29. The stock had a trading volume of 237,756 shares, compared to its average volume of 81,657. The firm has a 50-day moving average of $137.03 and a 200-day moving average of $131.16. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 21.31 and a beta of 0.82. The company has a current ratio of 3.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.22. Lindsay has a fifty-two week low of $109.27 and a fifty-two week high of $150.96.

Lindsay (NYSE:LNN - Get Free Report) last released its quarterly earnings data on Thursday, June 26th. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.42. Lindsay had a net margin of 11.21% and a return on equity of 15.09%. The company had revenue of $169.46 million during the quarter, compared to the consensus estimate of $157.87 million. During the same quarter in the prior year, the firm posted $1.85 earnings per share. Lindsay's revenue for the quarter was up 21.8% on a year-over-year basis.

Lindsay Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, August 15th. This is an increase from Lindsay's previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 1.00%. Lindsay's dividend payout ratio is currently 20.69%.

Insiders Place Their Bets

In other news, CFO Brian L. Ketcham sold 3,999 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $149.09, for a total value of $596,210.91. Following the transaction, the chief financial officer owned 9,621 shares of the company's stock, valued at approximately $1,434,394.89. The trade was a 29.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Lindsay

Hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise acquired a new position in shares of Lindsay during the first quarter worth about $31,000. AlphaQuest LLC acquired a new position in Lindsay during the 4th quarter worth approximately $32,000. State of Wyoming acquired a new position in Lindsay during the 1st quarter worth approximately $52,000. GAMMA Investing LLC raised its stake in shares of Lindsay by 55.8% during the 1st quarter. GAMMA Investing LLC now owns 430 shares of the industrial products company's stock worth $54,000 after buying an additional 154 shares in the last quarter. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Lindsay in the 1st quarter valued at approximately $200,000. 89.94% of the stock is owned by institutional investors and hedge funds.

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.