Lindsay Corporation (LNN) Analysts See $0.65 EPS

September 20, 2017 - By Adrian Erickson

 Lindsay Corporation (LNN) Analysts See $0.65 EPS
Investors sentiment increased to 1.48 in 2016 Q4. Its up 0.51, from 0.97 in 2016Q3. It is positive, as 10 investors sold Lindsay Corporation shares while 42 reduced holdings. 24 funds opened positions while 53 raised stakes. 10.83 million shares or 6.38% less from 11.57 million shares in 2016Q3 were reported.
Alexandria Cap Ltd Llc reported 107 shares. Moreover, Amer & Mngmt has 0% invested in Lindsay Corporation (NYSE:LNN). Tortoise Cap Advsr Lc has 0% invested in Lindsay Corporation (NYSE:LNN) for 6 shares. Moreover, California Pub Employees Retirement Sys has 0% invested in Lindsay Corporation (NYSE:LNN). Royal Retail Bank Of Canada holds 0% or 1,140 shares in its portfolio. The Minnesota-based Us Bancorporation De has invested 0% in Lindsay Corporation (NYSE:LNN). Pinebridge Invs L P holds 0.02% of its portfolio in Lindsay Corporation (NYSE:LNN) for 10,600 shares. Tiaa Cref Inv Mngmt Ltd Liability Company invested 0% in Lindsay Corporation (NYSE:LNN). Fenimore Asset Mngmt Incorporated holds 109,815 shares or 0.37% of its portfolio. Metropolitan Life Ins New York has invested 0% in Lindsay Corporation (NYSE:LNN). Teachers Retirement System Of The State Of Kentucky holds 4,600 shares. 100,342 are owned by Nuance Invests Ltd Limited Liability Company. Blackrock Limited Company has 5,764 shares. 302,700 are owned by Renaissance Technology Limited Liability. 15,778 are owned by Rhumbline Advisers.

Since April 3, 2017, it had 0 insider purchases, and 2 sales for $3.88 million activity. 5,000 shares were sold by Downing David B, worth $436,632 on Monday, April 3. $3.44M worth of Lindsay Corporation (NYSE:LNN) was sold by PAROD RICK on Wednesday, April 5.

Wall Street await Lindsay Corporation (NYSE:LNN) to release earnings on October, 12. Analysts forecast earnings per share of $0.65, down exactly $0.08 or 10.96 % from 2014’s $0.73 EPS. The expected LNN’s profit could reach $6.95M giving the stock 34.60 P/E in the case that $0.65 earnings per share is reported. After posting $1.02 EPS for the previous quarter, Lindsay Corporation’s analysts now forecast -36.27 % negative EPS growth. It closed at $89.96 lastly. It is down 25.75% since September 20, 2016 and is uptrending. It has outperformed by 9.05% the S&P500.

Lindsay Corporation (NYSE:LNN) Ratings Coverage

Among 7 analysts covering Lindsay (NYSE:LNN), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Lindsay had 15 analyst reports since August 31, 2015 according to SRatingsIntel. The company was upgraded on Monday, November 28 by PiperJaffray. The stock of Lindsay Corporation (NYSE:LNN) earned “Hold” rating by Piper Jaffray on Friday, August 4. The company was upgraded on Thursday, December 1 by Stifel Nicolaus. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, August 17 report. The rating was downgraded by Zacks to “Buy” on Monday, August 31. The firm has “Sell” rating by Monness Crespi & Hardt given on Monday, September 14. Piper Jaffray upgraded the stock to “Neutral” rating in Monday, November 28 report. The rating was maintained by Piper Jaffray with “Underweight” on Thursday, December 24. Stifel Nicolaus maintained Lindsay Corporation (NYSE:LNN) rating on Friday, July 7. Stifel Nicolaus has “Hold” rating and $7600 target. Seaport Global initiated the stock with “Neutral” rating in Tuesday, May 24 report.

Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure services and products. The company has market cap of $961.64 million. The Firm operates through two divisions: Irrigation Segment and Infrastructure Segment. It has a 39 P/E ratio. 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.

More recent Lindsay Corporation (NYSE:LNN) news were published by: Omaha.com which released: “Lindsay Corp. CEO plans to step down in December” on February 09, 2017. Also Seekingalpha.com published the news titled: “Lindsay Corporation: Shorts Capitulate” on July 14, 2017. Fool.com‘s news article titled: “Why Lindsay Corporation, Extreme Networks, and Universal Display Jumped Today” with publication date: March 30, 2017 was also an interesting one.

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