Lindsay (NYSE:LNN) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Lindsay (NYSE:LNN) issued its earnings results on Thursday. The industrial products company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.13, Briefing.com reports. Lindsay had a net margin of 11.75% and a return on equity of 14.41%. The company had revenue of $155.00 million for the quarter, compared to analysts’ expectations of $145.37 million. During the same quarter last year, the company earned $1.74 EPS. The firm’s revenue was down 7.2% compared to the same quarter last year.

Lindsay Trading Down 2.0 %

Lindsay stock traded down $2.46 during trading hours on Friday, reaching $121.41. The company had a trading volume of 98,440 shares, compared to its average volume of 89,880. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.95 and a quick ratio of 2.56. Lindsay has a 12-month low of $109.27 and a 12-month high of $135.05. The company has a 50-day moving average price of $120.91 and a 200 day moving average price of $118.49. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 18.28 and a beta of 0.61.

Lindsay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.19%. Lindsay’s dividend payout ratio is presently 21.85%.

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.