Lindsay (NYSE:LNN – Get Free Report) released its quarterly earnings data on Thursday. The industrial products company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.13, Briefing.com reports. Lindsay had a return on equity of 14.41% and a net margin of 11.75%. The business had revenue of $155.00 million during the quarter, compared to analysts’ expectations of $145.37 million. During the same quarter last year, the business posted $1.74 EPS. The business’s revenue was down 7.2% on a year-over-year basis.
Lindsay Trading Down 2.0 %
NYSE LNN traded down $2.46 during trading on Friday, hitting $121.41. The company had a trading volume of 98,440 shares, compared to its average volume of 89,880. The company’s fifty day moving average is $120.91 and its 200-day moving average is $118.49. Lindsay has a one year low of $109.27 and a one year high of $135.05. 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 company 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 declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.19%. Lindsay’s dividend payout ratio (DPR) is currently 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.
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