Lindsay (NYSE:LNN) Announces Quarterly Earnings Results

Lindsay (NYSE:LNN) released its quarterly earnings data on Tuesday. The industrial products company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.39 by $0.18, RTT News reports. Lindsay had a net margin of 10.91% and a return on equity of 12.86%.

Lindsay Stock Performance

Shares of LNN stock opened at $117.46 on Tuesday. Lindsay has a 52-week low of $109.27 and a 52-week high of $135.20. The company has a quick ratio of 2.69, a current ratio of 3.92 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.27 billion, a PE ratio of 19.51 and a beta of 0.66. The business has a 50-day simple moving average of $125.51 and a 200-day simple moving average of $121.83.

Lindsay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, November 15th. Lindsay’s dividend payout ratio is currently 23.92%.

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.