Analysts See $0.56 EPS for Lindsay Corporation (LNN)

March 28, 2018 - By Hazel Jackson

 Analysts See $0.56 EPS for Lindsay Corporation (LNN)
Investors sentiment decreased to 1.2 in Q4 2017. Its down 0.12, from 1.32 in 2017Q3. It worsened, as 10 investors sold Lindsay Corporation shares while 45 reduced holdings. 18 funds opened positions while 48 raised stakes. 9.71 million shares or 2.35% less from 9.95 million shares in 2017Q3 were reported.
Spark Mgmt Ltd has 9,200 shares for 0.04% of their portfolio. Covington Capital Mngmt owns 110 shares. Prentiss Smith Company holds 66,114 shares. Nuance Invests Ltd Liability Co holds 0.48% in Lindsay Corporation (NYSE:LNN) or 81,229 shares. Schroder Invest Management Gp reported 0.01% of its portfolio in Lindsay Corporation (NYSE:LNN). Weik Management has 0.12% invested in Lindsay Corporation (NYSE:LNN). First Advisors Ltd Partnership has 0.01% invested in Lindsay Corporation (NYSE:LNN). Moreover, John G Ullman Inc has 2.12% invested in Lindsay Corporation (NYSE:LNN) for 120,706 shares. Tudor Et Al has 0.01% invested in Lindsay Corporation (NYSE:LNN). Citigroup Inc has 2,541 shares for 0% of their portfolio. Moreover, Robecosam Ag has 0.07% invested in Lindsay Corporation (NYSE:LNN). Teachers Retirement Of The State Of Kentucky has invested 0% in Lindsay Corporation (NYSE:LNN). Tortoise Capital Advisors Ltd Liability Company has invested 0% of its portfolio in Lindsay Corporation (NYSE:LNN). Teton Advsr Incorporated owns 0.12% invested in Lindsay Corporation (NYSE:LNN) for 15,164 shares. Fenimore Asset Incorporated reported 88,385 shares.

Since February 2, 2018, it had 0 buys, and 1 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 $6.00 million giving it 39.72 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 0.65% or $0.58 during the last trading session, reaching $88.98. About 85,885 shares traded. Lindsay Corporation (NYSE:LNN) has risen 11.31% since March 28, 2017 and is uptrending. It has underperformed by 0.24% 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 has $93 highest and $62 lowest target. $79.60’s average target is -10.54% below currents $88.98 stock price. Lindsay had 20 analyst reports since August 31, 2015 according to SRatingsIntel. The stock has “Sell” rating by Monness Crespi & Hardt on Monday, September 14. Piper Jaffray upgraded Lindsay Corporation (NYSE:LNN) on Monday, November 28 to “Neutral” rating. As per Friday, July 7, the company rating was maintained by Stifel Nicolaus. The stock of Lindsay Corporation (NYSE:LNN) has “Underweight” rating given on Thursday, December 24 by Piper Jaffray. Zacks downgraded the shares of LNN in report on Monday, August 31 to “Buy” rating. The stock of Lindsay Corporation (NYSE:LNN) has “Hold” rating given on Thursday, December 21 by Stifel Nicolaus. The company was initiated on Tuesday, May 24 by Seaport Global. The stock has “Hold” rating by Stifel Nicolaus on Thursday, August 17. The rating was maintained by Piper Jaffray on Monday, February 5 with “Hold”. The firm has “Neutral” rating by PiperJaffray given on Monday, November 28.

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 $953.99 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 37.29 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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