Zacks: Brokerages Expect Lindsay Co. (LNN) to Announce $0.46 EPS
Equities research analysts predict that Lindsay Co. (NYSE:LNN) will post earnings of $0.46 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Lindsay’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.57. Lindsay reported earnings of $0.30 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 53.3%. The business is scheduled to issue its next earnings report on Thursday, December 20th.
According to Zacks, analysts expect that Lindsay will report full-year earnings of $3.00 per share for the current financial year, with EPS estimates ranging from $2.84 to $3.15. For the next year, analysts forecast that the firm will post earnings of $3.46 per share, with EPS estimates ranging from $3.19 to $3.72. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Lindsay.
Lindsay (NYSE:LNN) last issued its quarterly earnings results on Thursday, October 18th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.38). Lindsay had a net margin of 3.70% and a return on equity of 11.53%. The firm had revenue of $123.30 million for the quarter, compared to analyst estimates of $136.22 million. During the same period last year, the company earned $0.59 EPS. The company’s revenue was down 6.5% compared to the same quarter last year.
Shares of LNN traded down $3.63 during trading hours on Friday, hitting $97.19. 81,553 shares of the stock traded hands, compared to its average volume of 96,714. Lindsay has a 1-year low of $83.57 and a 1-year high of $109.50. The company has a quick ratio of 3.14, a current ratio of 4.13 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1.08 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 1.87 and a beta of 0.43.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were issued a dividend of $0.31 per share. The ex-dividend date was Thursday, November 15th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.28%. Lindsay’s payout ratio is presently 42.18%.
Several large investors have recently bought and sold shares of the stock. Rhumbline Advisers grew its holdings in shares of Lindsay by 2.6% during the second quarter. Rhumbline Advisers now owns 25,488 shares of the industrial products company’s stock worth $2,472,000 after buying an additional 655 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Lindsay by 16.0% during the second quarter. Victory Capital Management Inc. now owns 5,149 shares of the industrial products company’s stock worth $499,000 after buying an additional 709 shares in the last quarter. Robecosam AG grew its holdings in shares of Lindsay by 6.2% during the third quarter. Robecosam AG now owns 13,381 shares of the industrial products company’s stock worth $1,320,000 after buying an additional 781 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Lindsay by 225.4% during the first quarter. Royal Bank of Canada now owns 1,165 shares of the industrial products company’s stock worth $105,000 after buying an additional 807 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Lindsay by 11.6% during the second quarter. Advisors Asset Management Inc. now owns 8,535 shares of the industrial products company’s stock worth $828,000 after buying an additional 890 shares in the last quarter. Institutional investors and hedge funds own 98.65% of the company’s stock.
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company's Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand.
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