Lindsay Corporation (LNN) - NYSE
  • Mon, Jun. 20, 11:53 AM
    • Lindsay Corp. (NYSE:LNN) is starting off the week in the green with shares now up 6.3%.
    | Mon, Jun. 20, 11:53 AM
  • Fri, Jun. 3, 12:19 PM
    • Deere (DE +1.6%) moves higher after Goldman Sachs upgrades shares to Buy from Neutral with a $105 price target, raised from $87, as the firm sees significant upside to the mid-cycle as crop inventories tighten.
    • Analyst Jerry Revich says he now prefers the ag machinery group to truck and construction machinery, given that high horsepower farm equipment is at a 30-plus year trough and improving U.S. row crop commodity demand could outstrip supply in 2017-18 due to rising feed and export demand for the first time in the soft commodity inventory cycle.
    • The firm raises DE's mid-cycle EPS estimate to $7.50 from $6.25, “driven by higher operating leverage due to R&D and overhead leverage.”
    • Today's upgrade is the latest of a flurry of analyst love for DE in recent days (I, II).
    • Other farm equipment stocks also are higher, including CNHI +4.5%, AGCO +1.7%, LNN +1.2%.
    | Fri, Jun. 3, 12:19 PM | 7 Comments
  • Thu, Jun. 2, 3:47 PM
    • Lindsay (LNN -3.1%) is downgraded to Sell from Hold with a $64 price target at Stifel, which cites continued negative dealer sentiment over the next 12 months and turbulent international markets.
    • Domestic irrigation sales for FY 2017 are now expected to fall ~5% vs. a previous estimate for 2% growth; also, economic activity and funding in other important irrigation markets such as Russia, Ukraine and China remains a risk.
    • The firm also believes consensus forecasts for revenue growth of 3.8% and EPS growth of 20.4% in FY 2017 are too high - it expects a 2% revenue decline and EPS growth of 2% - but adds that its Sell rating is cyclically, not structurally, driven.
    | Thu, Jun. 2, 3:47 PM
  • Jun. 25, 2015, 10:06 AM
    | Jun. 25, 2015, 10:06 AM
  • Mar. 25, 2015, 9:53 AM
    • Lindsay (LNN -5.3%) is plunging in early trade after missing both quarterly profit and revenue estimates.
    • "While the longer term drivers to our markets remain positive, the cyclical contraction for irrigation equipment has continued," said CEO Rick Parod said following the company's FQ2 results.
    • Previously: More on Lindsay's FQ2 (Mar. 25 2015)
    • Previously: Lindsay misses by $0.38, misses on revenue (Mar. 25 2015)
    | Mar. 25, 2015, 9:53 AM
  • Dec. 21, 2011, 12:49 PM
    Lindsay (LNN -6.8%) takes a hit after its FQ1 earnings fell 32% due to higher environmental-remediation expenses. Irrigation-equipment sales, its biggest top line contributor, surged 68%, but reduced revenue from its infrastructure segment mitigated much of those gains, slumping 37% Y/Y on lower sales and leases of its moveable barrier systems.
    | Dec. 21, 2011, 12:49 PM
  • Oct. 13, 2011, 10:43 AM

    Shares of Lindsay (LNN -8.4%) fall after the company misses EPS estimates by $0.02 on revenue of $116M (+33% Y/Y). Profit for the agricultural equipment maker was hit by a 27% increase in its operating costs.

    | Oct. 13, 2011, 10:43 AM
  • Aug. 23, 2011, 10:03 AM

    Shares of Lindsay (LNN +6.2%) pop after Janney Capital upgrades the firm to a Buy rating from Neutral. The farming concern has booked 9 consecutive years of increasing its dividend payout.

    | Aug. 23, 2011, 10:03 AM
Company Description
Lindsay Corp. provides proprietary water management and road infrastructure products and services. The company operates its business in two segments: Irrigation and Infrastructure. The Irrigation segment t includes the manufacture and marketing of center pivot, lateral move, and hose reel... More
Industry: Farm & Construction Machinery
Country: United States