Lindsay (NYSE:LNN – Get Free Report) released its quarterly earnings data on Thursday. The industrial products company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.68, Briefing.com reports. The company had revenue of $139.20 million during the quarter, compared to analyst estimates of $144.38 million. Lindsay had a net margin of 11.75% and a return on equity of 14.41%. Lindsay’s revenue was down 15.4% compared to the same quarter last year. During the same period last year, the business earned $1.53 earnings per share.
Lindsay Stock Performance
Lindsay stock opened at $122.89 on Friday. The firm has a fifty day simple moving average of $116.57 and a two-hundred day simple moving average of $121.37. Lindsay has a twelve month low of $106.46 and a twelve month high of $137.31. The company has a market capitalization of $1.36 billion, a PE ratio of 18.65 and a beta of 0.61. The company has a quick ratio of 2.58, a current ratio of 3.95 and a debt-to-equity ratio of 0.24.
Lindsay Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.17%. This is a boost from Lindsay’s previous quarterly dividend of $0.35. Lindsay’s dividend payout ratio (DPR) is presently 21.24%.
Analyst Ratings Changes
View Our Latest Stock Report on LNN
About Lindsay
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.
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