Lindsay (NYSE:LNN) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Posted by Jessica Moore on Oct 27th, 2024

Lindsay (NYSE:LNN – Get Free Report) issued its quarterly earnings results on Thursday. The industrial products company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.16, Briefing.com reports. The company had revenue of $155.00 million for the quarter, compared to analyst estimates of $145.37 million. Lindsay had a net margin of 11.75% and a return on equity of 14.41%. Lindsay’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 earnings per share.

Lindsay Trading Down 2.0 %

Shares of LNN stock opened at $121.41 on Friday. The stock has a 50-day moving average of $120.91 and a 200-day moving average of $118.50. The company has a current ratio of 3.95, a quick ratio of 2.56 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 18.42 and a beta of 0.61. Lindsay has a 1-year low of $109.27 and a 1-year high of $135.05.

Lindsay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.36 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.19%. Lindsay’s dividend payout ratio (DPR) is presently 21.85%.

Lindsay Company Profile

(Get Free Report)

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.