FY2025 Earnings Forecast for Lindsay Issued By William Blair

Lindsay Co. (NYSE:LNN) – William Blair lifted their FY2025 earnings per share estimates for Lindsay in a report released on Wednesday, January 8th. William Blair analyst B. Drab now expects that the industrial products company will post earnings of $6.02 per share for the year, up from their previous estimate of $5.81. The consensus estimate for Lindsay’s current full-year earnings is $5.64 per share. William Blair also issued estimates for Lindsay’s FY2026 earnings at $6.50 EPS.

Lindsay (NYSE:LNN) last released its earnings results on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.18. The business had revenue of $166.30 million during the quarter, compared to analyst estimates of $169.78 million. Lindsay had a net margin of 10.91% and a return on equity of 12.86%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.36 earnings per share.

LNN has been the subject of a number of other reports. StockNews.com upgraded Lindsay from a “hold” rating to a “buy” rating in a research report on Tuesday. Stifel Nicolaus upped their target price on Lindsay from $126.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday.

Lindsay Stock Up 2.4 %

LNN stock opened at $122.66 on Thursday. The company has a current ratio of 3.92, a quick ratio of 2.69 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $125.62 and a two-hundred day moving average of $121.87. Lindsay has a 12 month low of $109.27 and a 12 month high of $135.20. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 20.38 and a beta of 0.66.

Institutional Trading of Lindsay

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. KBC Group NV grew its position in Lindsay by 32.7% in the third quarter. KBC Group NV now owns 343,132 shares of the industrial products company’s stock worth $42,768,000 after acquiring an additional 84,560 shares during the period. Deprince Race & Zollo Inc. purchased a new position in shares of Lindsay during the 2nd quarter worth $6,402,000. Wellington Management Group LLP raised its holdings in Lindsay by 35.4% in the 3rd quarter. Wellington Management Group LLP now owns 138,170 shares of the industrial products company’s stock valued at $17,222,000 after buying an additional 36,128 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in Lindsay by 46.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 74,950 shares of the industrial products company’s stock valued at $9,342,000 after buying an additional 23,710 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Lindsay by 6.7% during the second quarter. Dimensional Fund Advisors LP now owns 341,554 shares of the industrial products company’s stock worth $41,975,000 after buying an additional 21,474 shares during the period. Institutional investors and hedge funds own 89.94% of the company’s stock.

Lindsay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.44 annualized dividend and a dividend yield of 1.17%. Lindsay’s dividend payout ratio (DPR) is 23.11%.

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.