Headlines about Lindsay Corporation (NYSE:LNN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lindsay Corporation earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 47.5392086874735 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Lindsay Corporation (LNN) Shares Sold by Goldman Sachs Group Inc. (topix.com)
- Ex-Dividend Reminder: Microsoft, Lindsay and Orbital ATK (forbes.com)
- Lindsay Corp. breached its 50 day moving average in a Bearish Manner : LNN-US : November 10, 2017 (finance.yahoo.com)
- Brokerages Anticipate Lindsay Corporation (LNN) to Post $0.36 Earnings Per Share (americanbankingnews.com)
- Lindsay Corporation (LNN) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Several research firms have weighed in on LNN. Zacks Investment Research upgraded Lindsay Corporation from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Monday, July 31st. BidaskClub cut Lindsay Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Piper Jaffray Companies set a $80.00 target price on Lindsay Corporation and gave the stock a “hold” rating in a research note on Saturday, August 5th. Boenning Scattergood reiterated a “hold” rating on shares of Lindsay Corporation in a research note on Thursday, October 12th. Finally, Stifel Nicolaus increased their price target on Lindsay Corporation from $76.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $95.00.
Lindsay Corporation (NYSE:LNN) traded up $0.73 during midday trading on Tuesday, reaching $89.52. The company had a trading volume of 51,800 shares, compared to its average volume of 81,008. The firm has a market capitalization of $949.79, a P/E ratio of 41.11, a price-to-earnings-growth ratio of 2.00 and a beta of 0.49. Lindsay Corporation has a 1-year low of $72.85 and a 1-year high of $95.04. The company has a quick ratio of 2.25, a current ratio of 3.18 and a debt-to-equity ratio of 0.43.
Lindsay Corporation (NYSE:LNN) last posted its quarterly earnings data on Thursday, October 12th. The industrial products company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.18. Lindsay Corporation had a return on equity of 8.95% and a net margin of 4.47%. The business had revenue of $131.94 million during the quarter, compared to the consensus estimate of $134.83 million. sell-side analysts anticipate that Lindsay Corporation will post 2.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.34%. Lindsay Corporation’s payout ratio is currently 55.56%.
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About Lindsay Corporation
Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.
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