$0.65 EPS Expected for Lindsay Corporation (LNN)

September 17, 2017 - By Kurt Siggers

 $0.65 EPS Expected for Lindsay Corporation (LNN)
Investors sentiment increased to 1.48 in Q4 2016. Its up 0.51, from 0.97 in 2016Q3. It improved, 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.
8,600 were accumulated by State Of Tennessee Treasury Department. Creative Planning reported 212 shares stake. Prudential has 0% invested in Lindsay Corporation (NYSE:LNN) for 19,114 shares. Morgan Stanley holds 35,401 shares. Barclays Public Ltd Company has invested 0% in Lindsay Corporation (NYSE:LNN). Voya Inv Management Limited Liability Company accumulated 0.07% or 375,797 shares. Alliancebernstein Ltd Partnership has invested 0% in Lindsay Corporation (NYSE:LNN). Evercore Wealth Mngmt Limited Liability Company accumulated 1,400 shares or 0% of the stock. Millennium Management Lc reported 16,637 shares. Tower Research Limited (Trc) owns 30 shares. Nj State Employees Deferred Compensation Plan holds 3,000 shares or 0.04% of its portfolio. Schroder Inv Grp invested 0.01% in Lindsay Corporation (NYSE:LNN). Prentiss Smith & Co Inc owns 31,731 shares. Bluecrest Ltd invested in 32,139 shares or 0.13% of the stock. Royal Retail Bank Of Canada has 1,140 shares for 0% of their portfolio.

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

Analysts expect Lindsay Corporation (NYSE:LNN) to report $0.65 EPS on October, 12.They anticipate $0.08 EPS change or 10.96 % from last quarter’s $0.73 EPS. LNN’s profit would be $6.95 million giving it 34.26 P/E if the $0.65 EPS is correct. After having $1.02 EPS previously, Lindsay Corporation’s analysts see -36.27 % EPS growth. The stock increased 0.80% or $0.71 on September 15, reaching $89.07. About 151,630 shares traded or 160.16% up from the average. Lindsay Corporation (NYSE:LNN) has risen 25.75% since September 17, 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 maintained on Friday, August 4 by Piper Jaffray. Piper Jaffray maintained the stock with “Underweight” rating in Thursday, December 24 report. The rating was maintained by Stifel Nicolaus on Friday, October 14 with “Sell”. The stock has “Hold” rating by Piper Jaffray on Friday, September 8. The stock has “Sell” rating by Stifel Nicolaus on Thursday, June 2. The company was downgraded on Monday, August 31 by Zacks. Stifel Nicolaus maintained it with “Hold” rating and $7600 target in Friday, July 7 report. The rating was upgraded by Stifel Nicolaus on Thursday, December 1 to “Hold”. Seaport Global initiated it with “Neutral” rating and $67 target in Tuesday, May 24 report. The firm has “Neutral” rating given on Monday, November 28 by Piper Jaffray.

Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure services and products. The company has market cap of $952.13 million. The Firm operates through two divisions: Irrigation Segment and Infrastructure Segment. It has a 38.61 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 important 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 article titled: “Lindsay Corporation: Shorts Capitulate”, Businesswire.com published: “Lindsay Chief Executive Officer, Rick Parod, Announces Intention to Retire” on February 08, 2017. More interesting news about Lindsay Corporation (NYSE:LNN) was released by: Fool.com and their article: “Why Lindsay Corporation, Extreme Networks, and Universal Display Jumped Today” with publication date: March 30, 2017.

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