$0.56 EPS Expected for Lindsay Corporation (LNN)

March 21, 2018 - By Darrin Black

 $0.56 EPS Expected for Lindsay Corporation (LNN)
Investors sentiment increased to 1.32 in 2017 Q3. Its up 0.46, from 0.86 in 2017Q2. It improved, as 13 investors sold Lindsay Corporation shares while 37 reduced holdings. 21 funds opened positions while 45 raised stakes. 9.95 million shares or 3.33% less from 10.29 million shares in 2017Q2 were reported.
Kbc Grp Nv has 47,400 shares for 0.04% of their portfolio. Envestnet Asset Mgmt Inc has 572 shares for 0% of their portfolio. Teachers Retirement Sys Of The State Of Kentucky stated it has 0.01% in Lindsay Corporation (NYSE:LNN). Bank & Trust Of Ny Mellon accumulated 0.01% or 417,650 shares. Moreover, Piedmont Inv Advsrs Ltd has 0% invested in Lindsay Corporation (NYSE:LNN). Northern Tru reported 141,174 shares. Victory reported 0% in Lindsay Corporation (NYSE:LNN). 743,479 are held by Neuberger Berman Grp Lc. Vanguard Group Inc accumulated 1.06M shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 14,272 shares. Schwab Charles Inv Mgmt holds 79,352 shares. California Pub Employees Retirement Sys has invested 0% of its portfolio in Lindsay Corporation (NYSE:LNN). Renaissance Technology Limited Com reported 0.04% of its portfolio in Lindsay Corporation (NYSE:LNN). Ahl Prtnrs Llp has 6,950 shares for 0.01% of their portfolio. Fenimore Asset Management accumulated 0.33% or 88,435 shares.

Since February 2, 2018, it had 0 insider buys, and 1 insider sale for $270,160 activity.

Analysts expect Lindsay Corporation (NYSE:LNN) to report $0.56 EPS on March, 29.They anticipate $0.09 EPS change or 19.15 % from last quarter’s $0.47 EPS. LNN’s profit would be $6.00M giving it 41.06 P/E if the $0.56 EPS is correct. After having $0.30 EPS previously, Lindsay Corporation’s analysts see 86.67 % EPS growth. The stock decreased 0.31% or $0.29 during the last trading session, reaching $91.97. About 739 shares traded. Lindsay Corporation (NYSE:LNN) has risen 25.75% since March 21, 2017 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 20 analyst reports since August 31, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, August 31 by Zacks. Stifel Nicolaus maintained Lindsay Corporation (NYSE:LNN) on Sunday, December 10 with “Hold” rating. Stifel Nicolaus maintained it with “Hold” rating and $90 target in Friday, October 13 report. The stock of Lindsay Corporation (NYSE:LNN) earned “Hold” rating by Piper Jaffray on Friday, August 4. The rating was upgraded by PiperJaffray to “Neutral” on Monday, November 28. The company was maintained on Friday, October 14 by Stifel Nicolaus. Piper Jaffray maintained the stock with “Hold” rating in Monday, February 5 report. The firm has “Neutral” rating by Seaport Global given on Tuesday, May 24. Stifel Nicolaus maintained it with “Hold” rating and $76.0 target in Thursday, August 17 report. The firm has “Underweight” rating given on Thursday, December 24 by Piper Jaffray.

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure services and products in the United States and internationally. The company has market cap of $986.05 million. The companyÂ’s Irrigation segment makes and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand. It has a 38.55 P/E ratio. This segment also offers repair and replacement parts for irrigation systems and controls; water pumping stations and controls for agriculture, golf, landscape, and municipal markets under the Watertronics brand; filtration solutions for groundwater, agriculture, industrial, and heat transfer markets under the LAKOS brand; and M2M communication technology solutions, data acquisition and management systems, and custom electronic equipment under the Elecsys brand.

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