Lindsay Co. (NYSE:LNN) – William Blair reduced their Q4 2019 earnings per share estimates for Lindsay in a research note issued on Wednesday, April 10th. William Blair analyst B. Drab now expects that the industrial products company will post earnings of $0.35 per share for the quarter, down from their prior estimate of $0.43.

Lindsay (NYSE:LNN) last announced its quarterly earnings data on Tuesday, April 9th. The industrial products company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.60). The firm had revenue of $109.20 million during the quarter, compared to analyst estimates of $115.43 million. Lindsay had a net margin of 2.55% and a return on equity of 9.72%. The company’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS.

Several other equities research analysts also recently commented on the company. ValuEngine downgraded Lindsay from a “buy” rating to a “hold” rating in a report on Tuesday. Boenning Scattergood reissued a “buy” rating and set a $132.00 price target on shares of Lindsay in a research report on Thursday, February 28th. Zacks Investment Research raised Lindsay from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, TheStreet lowered Lindsay from a “b” rating to a “c+” rating in a research report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $102.60.

Shares of Lindsay stock opened at $84.86 on Thursday. The company has a quick ratio of 2.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $918.03 million, a PE ratio of 28.86 and a beta of 0.33. Lindsay has a fifty-two week low of $82.41 and a fifty-two week high of $109.50.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.46%. The ex-dividend date is Thursday, May 16th. Lindsay’s payout ratio is 42.18%.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in Lindsay by 0.8% in the 4th quarter. BlackRock Inc. now owns 1,603,802 shares of the industrial products company’s stock worth $154,368,000 after purchasing an additional 13,399 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Lindsay by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 1,148,589 shares of the industrial products company’s stock worth $115,133,000 after acquiring an additional 23,123 shares during the period. Vanguard Group Inc. lifted its position in shares of Lindsay by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,148,589 shares of the industrial products company’s stock worth $115,133,000 after acquiring an additional 23,123 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Lindsay by 3.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 725,525 shares of the industrial products company’s stock worth $72,727,000 after acquiring an additional 27,100 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Lindsay by 2.6% in the 3rd quarter. Renaissance Technologies LLC now owns 479,500 shares of the industrial products company’s stock worth $48,065,000 after acquiring an additional 12,100 shares during the period. 92.93% of the stock is currently owned by institutional investors.

Lindsay Company Profile

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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Earnings History and Estimates for Lindsay (NYSE:LNN)

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