Lindsay (LNN) Projected to Post Quarterly Earnings on Thursday

Lindsay (NYSE:LNN) is projected to announce its earnings results before the market opens on Thursday, April 3rd. Analysts expect the company to announce earnings of $1.70 per share and revenue of $174.50 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Lindsay (NYSE:LNN) last released its earnings results on Tuesday, January 7th. The industrial products company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.18. The firm had revenue of $166.30 million for the quarter, compared to analysts’ expectations of $169.78 million. Lindsay had a return on equity of 13.17% and a net margin of 11.18%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 earnings per share. On average, analysts expect Lindsay to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Lindsay Price Performance

LNN opened at $127.28 on Wednesday. The firm has a market cap of $1.38 billion, a PE ratio of 20.43 and a beta of 0.70. The stock has a 50-day moving average price of $131.70 and a 200-day moving average price of $126.97. Lindsay has a 1 year low of $109.27 and a 1 year high of $140.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.87 and a quick ratio of 2.65.

Lindsay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.36 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.44 annualized dividend and a yield of 1.13%. Lindsay’s dividend payout ratio (DPR) is presently 23.11%.

Wall Street Analysts Forecast Growth

LNN has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Lindsay from $126.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, January 8th. StockNews.com raised Lindsay from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th.

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.