Somewhat Positive Media Coverage Somewhat Unlikely to Impact Lindsay Manufacturing (LNN) Share Price

Media stories about Lindsay Manufacturing (NYSE:LNN) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lindsay Manufacturing earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 47.0797367881313 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several equities analysts have weighed in on the company. Seaport Global Securities reissued a “neutral” rating on shares of Lindsay Manufacturing in a research report on Tuesday, April 10th. Boenning Scattergood raised Lindsay Manufacturing from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 29th. Finally, Stifel Nicolaus lifted their price objective on Lindsay Manufacturing from $92.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $96.00.

Shares of NYSE:LNN opened at $94.45 on Wednesday. The firm has a market capitalization of $1.01 billion, a PE ratio of 43.53 and a beta of 0.34. The company has a quick ratio of 2.01, a current ratio of 3.00 and a debt-to-equity ratio of 0.43. Lindsay Manufacturing has a 52 week low of $93.75 and a 52 week high of $94.60.

Lindsay Manufacturing (NYSE:LNN) last announced its quarterly earnings data on Thursday, March 29th. The industrial products company reported $0.56 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.56. The business had revenue of $130.30 million during the quarter, compared to the consensus estimate of $133.05 million. Lindsay Manufacturing had a return on equity of 9.84% and a net margin of 4.13%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 earnings per share. research analysts anticipate that Lindsay Manufacturing will post 3.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Thursday, May 17th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Wednesday, May 16th. Lindsay Manufacturing’s dividend payout ratio is currently 55.30%.

Lindsay Manufacturing Company Profile

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company's Irrigation segment manufactures 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.

Insider Buying and Selling by Quarter for Lindsay Manufacturing (NYSE:LNN)

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