Lindsay (NYSE:LNN) Issues Earnings Results, Beats Expectations By $0.18 EPS

Lindsay (NYSE:LNN) issued its earnings results on Tuesday. The industrial products company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.18, RTT News reports. The firm had revenue of $166.30 million during the quarter, compared to analysts’ expectations of $169.78 million. Lindsay had a net margin of 10.91% and a return on equity of 12.86%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share.

Lindsay Trading Down 0.7 %

Shares of NYSE:LNN opened at $117.46 on Tuesday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 19.51 and a beta of 0.66. Lindsay has a 1-year low of $109.27 and a 1-year high of $135.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.69 and a current ratio of 3.92. The company has a 50 day moving average price of $125.51 and a 200 day moving average price of $121.83.

Lindsay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Friday, November 15th. Lindsay’s payout ratio is 23.92%.

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.