Lindsay (LNN) Earning Somewhat Positive Press Coverage, Accern Reports
Media stories about Lindsay (NYSE:LNN) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lindsay earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 45.0224303189305 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Perfect Valentine’s Day Gift Ideas From Gift Expert Lindsay Roberts (prnewswire.com)
- Lindsay Co. (LNN) Director Sells $72,160.00 in Stock (americanbankingnews.com)
- Bill Welsh Sells 2,200 Shares of Lindsay Co. (LNN) Stock (americanbankingnews.com)
- Lindsay Co. (LNN) Expected to Announce Earnings of $0.56 Per Share (americanbankingnews.com)
- $131.71 Million in Sales Expected for Lindsay Co. (LNN) This Quarter (americanbankingnews.com)
A number of equities research analysts have commented on LNN shares. TheStreet upgraded Lindsay from a “c+” rating to a “b-” rating in a research note on Thursday, November 16th. Stifel Nicolaus increased their price target on Lindsay from $76.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research cut Lindsay from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Lindsay presently has a consensus rating of “Hold” and a consensus price target of $95.25.
Lindsay (NYSE:LNN) last released its quarterly earnings results on Thursday, December 21st. The industrial products company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.06). Lindsay had a net margin of 4.79% and a return on equity of 9.65%. The business had revenue of $124.53 million during the quarter, compared to analysts’ expectations of $117.11 million. During the same quarter last year, the business posted $0.08 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. equities research analysts predict that Lindsay will post 3.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 13th. Lindsay’s payout ratio is 50.42%.
In other news, Director Bill Welsh sold 800 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $90.20, for a total value of $72,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Nahl sold 7,200 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $86.43, for a total value of $622,296.00. Following the completion of the transaction, the director now owns 3,687 shares of the company’s stock, valued at $318,667.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,281 shares of company stock valued at $5,033,499. Company insiders own 3.10% of the company’s stock.
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Lindsay Company Profile
Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.
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