Brokerages expect Lindsay Co. (NYSE:LNN) to announce sales of $114.45 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Lindsay’s earnings. The highest sales estimate is $117.29 million and the lowest is $111.60 million. Lindsay reported sales of $130.34 million in the same quarter last year, which indicates a negative year over year growth rate of 12.2%. The firm is expected to issue its next earnings report on Thursday, April 4th.

On average, analysts expect that Lindsay will report full-year sales of $486.40 million for the current financial year, with estimates ranging from $468.99 million to $509.00 million. For the next year, analysts forecast that the company will report sales of $515.91 million, with estimates ranging from $482.13 million to $560.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Lindsay.

Lindsay (NYSE:LNN) last announced its quarterly earnings data on Tuesday, January 8th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.09). Lindsay had a net margin of 3.42% and a return on equity of 11.80%. The company had revenue of $111.95 million for the quarter, compared to analysts’ expectations of $113.57 million. During the same period last year, the business earned $0.30 earnings per share. The company’s quarterly revenue was down 10.1% compared to the same quarter last year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Lindsay from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Boenning Scattergood reaffirmed a “buy” rating and set a $132.00 price objective on shares of Lindsay in a report on Thursday, February 28th. ValuEngine lowered shares of Lindsay from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. Finally, TheStreet lowered shares of Lindsay from a “b” rating to a “c+” rating in a report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $102.60.

LNN traded up $0.88 during trading on Wednesday, reaching $95.54. 1,262 shares of the company traded hands, compared to its average volume of 93,280. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.92 and a quick ratio of 2.85. Lindsay has a 12-month low of $83.57 and a 12-month high of $109.50. The firm has a market cap of $1.02 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 1.90 and a beta of 0.32.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Thursday, February 14th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Wednesday, February 13th. Lindsay’s dividend payout ratio (DPR) is presently 42.18%.

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Lindsay by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 115,146 shares of the industrial products company’s stock worth $11,082,000 after buying an additional 5,650 shares during the last quarter. Norges Bank bought a new stake in Lindsay in the fourth quarter worth $6,609,000. Thrivent Financial for Lutherans lifted its position in Lindsay by 11.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 261,970 shares of the industrial products company’s stock worth $25,215,000 after buying an additional 27,339 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Lindsay in the fourth quarter worth $299,000. Finally, Gotham Asset Management LLC lifted its position in Lindsay by 74.6% in the fourth quarter. Gotham Asset Management LLC now owns 8,743 shares of the industrial products company’s stock worth $842,000 after buying an additional 3,736 shares during the last quarter. 92.29% of the stock is owned by hedge funds and other 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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