Lindsay Corp (LNN) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Lindsay Corp (LNN) announced its quarterly earnings results on Wednesday, Dec-23-2015. The company reported $0.62 Earnings Per Share for the quarter, beating the analyst consensus estimate by $0.07. Analyst had a consensus of $0.55 EPS. The company had revenue of $121.62 million for the quarter, compared to analysts expectations of $127.70 million.The company’s revenue was down -9.8% compared to the same quarter last year. During the same quarter in the previous year, Lindsay Corp posted $0.62 EPS.

Lindsay Corporation (NYSE:LNN) : On Thursday heightened volatility was witnessed in Lindsay Corporation (NYSE:LNN) which led to swings in the share price. The shares opened for trading at $68.76 and hit $69.97 on the upside , eventually ending the session at $69.23, with a gain of 1.15% or 0.79 points. The heightened volatility saw the trading volume jump to 87,477 shares. The 52-week high of the share price is $91.93 and the company has a market cap of $782 million. The 52-week low of the share price is at $63.19 .

Analysts at Zacks have given a short term rating of hold on Lindsay Corporation (NYSE:LNN) with a rank of 3. The shares has received an average rating of 3.44 from 9 brokerage firms. The shares has been rated as hold from 7 Wall Street Analysts. 2 analyst has also rated it as a strong sell.

Lindsay Corporation (NYSE:LNN) stock has received a short term price target of $ 64.75 from 4 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $5.06. The higher estimate of target price is $69 , while the lower price target estimate is $59

Lindsay Corporation has dropped 0.13% in the last five trading days, however, the shares have posted positive gains of 0.35% in the last 4 weeks. Lindsay Corporation has dropped 1.91% during the last 3-month period . Year-to-Date the stock performance stands at -18.13%.

Lindsay Corporation is a provider of a range of water management and road infrastructure products and services. The Company manufactures and distributes agricultural equipment. The Company operates in two segments: the irrigation segment and the infrastructure segment. The Company’s irrigation segment manufactures and sells center pivot, lateral move, and hose reel irrigation systems; repair and replacement parts for its irrigation systems and controls, and water pumping stations and controls for the agriculture, golf, landscape and municipal markets and filtration solutions for groundwater, agriculture, industrial and heat transfer markets. The Company’s infrastructure segment manufactures and sells moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, large diameter steel tubing, and railroad signals and structures. The infrastructure segment also provides outsourced manufacturing and production services.