Lindsay (NYSE:LNN – Get Free Report) released its quarterly earnings data on Thursday. The industrial products company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.68, Briefing.com reports. The business had revenue of $139.20 million during the quarter, compared to the consensus estimate of $144.38 million. Lindsay had a return on equity of 15.04% and a net margin of 10.74%. The business’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.53 EPS.
Lindsay Stock Performance
Shares of NYSE LNN opened at $129.56 on Friday. The company has a quick ratio of 2.58, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average price is $116.46 and its two-hundred day moving average price is $121.37. Lindsay has a 52-week low of $106.46 and a 52-week high of $137.31. The stock has a market capitalization of $1.43 billion, a P/E ratio of 20.66 and a beta of 0.61.
Lindsay Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.40 annualized dividend and a dividend yield of 1.08%. Lindsay’s payout ratio is 22.33%.
Analyst Ratings Changes
Check Out Our Latest Analysis on LNN
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.
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