Brokers expect Lindsay Co. (NYSE:LNN – Get Rating) to report earnings of $1.66 per share for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Lindsay. The lowest EPS estimate is $1.53 and the highest is $1.79. Lindsay reported earnings of $1.61 per share in the same quarter last year, which would indicate a positive growth rate of 3.1% year over year. The company is due to release its next results on Monday, January 1.

On average, analysts expect Lindsay to report annual earnings of $4.64 per share for the current fiscal year, with EPS estimates ranging from $4.45 to $4.82. For next year, analysts expect the company to post earnings of $5.91 per share, with EPS estimates ranging from $5.01 to $6.80. Zacks Investment Research earnings per share averages are an average based on a survey of research analysts who provide coverage for Lindsay.

Lindsay (NYSE:LNN – Get Rating) last released her results on Tuesday, April 5. The industrial products company reported earnings per share (EPS) of $1.32 for the quarter, beating the consensus estimate of $1.20 by $0.12. The company posted revenue of $200.10 million in the quarter, compared to analyst estimates of $187.09 million. Lindsay had a return on equity of 16.04% and a net margin of 6.76%. Lindsay’s revenue for the quarter increased 39.3% year over year. In the same quarter a year earlier, the company had earned earnings per share of $1.08.

Separately, StockNews.com began covering Lindsay in a research note on Thursday, March 31. They set a “holding” rating for the company.

LNN shares opened at $128.46 on Friday. The company has a market capitalization of $1.41 billion, a P/E ratio of 30.73 and a beta of 0.53. The stock has a 50-day simple moving average of $145.03 and a two-hundred-day simple moving average of $144.38. The company has a debt ratio of 0.32, a current ratio of 2.79 and a quick ratio of 1.63. Lindsay has a 1-year low of $118.28 and a 1-year high of $179.26.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31. Shareholders of record on Tuesday, May 17 will receive a dividend of $0.33 per share. This represents a dividend of $1.32 on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Monday, May 16. Lindsay’s dividend payout ratio (DPR) is currently 31.58%.

Separately, insider James Scott Marion sold 1,945 shares in a trade that took place on Friday, April 8. The stock was sold at an average price of $146.01, for a total transaction of $283,989.45. Following the completion of the sale, the insider now owns 4,520 shares of the company, valued at $659,965.20. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Company insiders own 0.91% of the company’s shares.

Several institutional investors have recently changed their positions in LNN. Amundi Pioneer Asset Management Inc. bought a new position in Lindsay stock during the first quarter worth approximately $5,697,000. Royal Bank of Canada increased its holdings of Lindsay shares by 84.1% in the second quarter. Royal Bank of Canada now owns 1,031 shares of the industrial products company valued at $170,000 after acquiring 471 more shares last quarter. Morgan Stanley increased its holdings of Lindsay shares by 92.6% during the second quarter. Morgan Stanley now owns 66,500 shares of the industrial products company valued at $10,992,000 after acquiring 31,968 additional shares last quarter. Van ECK Associates Corp increased its holdings of Lindsay shares by 32.6% during the third quarter. Van ECK Associates Corp now owns 1,142 shares of the industrial products company valued at $173,000 after acquiring 281 additional shares last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Lindsay shares by 28.7% during the third quarter. Advisor Group Holdings Inc. now owns 691 shares of the industrial products company valued at $103,000 after acquiring 154 additional shares in the last quarter. Institutional investors hold 85.44% of the company’s shares.

Lindsay Company Profile (Get a rating)

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and abroad. The Company 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; reel trolleys 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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