Lindsay Corporation(LNN)- NYSE
  • Fri, Sep. 23, 7:17 AM
    • Lindsay (NYSE:LNN) declares $0.29/share quarterly dividend, in line with previous.
    • Forward yield 1.57%
    • Payable Nov. 30; for shareholders of record Nov. 16; ex-div Nov. 14.
    | Fri, Sep. 23, 7:17 AM
  • Thu, Jul. 21, 6:59 AM
    • Lindsay (NYSE:LNN) declares $0.29/share quarterly dividend, 3.6% increase from prior dividend of $0.28.
    • Forward yield 1.71%
    • Payable Aug. 31; for shareholders of record Aug. 17; ex-div Aug. 15.
    | Thu, Jul. 21, 6:59 AM
  • Thu, Jun. 30, 6:49 AM
    • Lindsay (NYSE:LNN): FQ3 EPS of $0.90 misses by $0.09.
    • Revenue of $141.3M (-12.1% Y/Y) misses by $7.13M.
    • Press Release
    | Thu, Jun. 30, 6:49 AM
  • Wed, Jun. 29, 5:30 PM
  • 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
  • Mon, May 2, 4:55 PM
    • Lindsay (NYSE:LNN) declares $0.28/share quarterly dividend, in line with previous.
    • Forward yield 1.46%
    • Payable May 31; for shareholders of record May 17; ex-div May 13.
    | Mon, May 2, 4:55 PM
  • Tue, Apr. 5, 8:25 AM
    • Brian Ketcham is joining Lindsay Corp. (NYSE:LNN) as CFO, effective April 11, 2016, succeeding Jim Raabe, who has communicated his intent to retire.
    • For the past 15 years, Ketcham has served in various finance roles at Valmont Industries, most recently as Group Controller of the Engineered Support Structures segment.
    • Now read Still Not Seeing A Bull Thesis For Lindsay
    | Tue, Apr. 5, 8:25 AM
  • Thu, Mar. 31, 8:33 AM
    • Net loss of $4.1M, or $0.37 per diluted share vs. net income of $9M, or $0.75 per diluted share in the prior year.
    • Total irrigation equipment revenues decreased 5% to $103.1M from $114.7M in the same quarter a year ago. U.S. irrigation revenues +6% to $72.3M.
    • Gross margin of 26.9% of sales, compared to 28% in the same quarter a year ago.
    • Cash and cash equivalents of $89.5M; Repurchased 333K shares for $23M.
    • Backlog of unshipped orders at February 29, 2016 was 52.6M vs. $74.3M in the prior year.
    • "The irrigation markets continue to be constrained by lower commodity prices and foreign exchange rates," CEO Rick Parod said. "However the longer term drivers for our markets...and infrastructure upgrades and expansion remain positive."
    • FQ2 results
    • Now read Still Not Seeing A Bull Thesis For Lindsay »
    | Thu, Mar. 31, 8:33 AM
  • Thu, Mar. 31, 6:51 AM
    • Lindsay (NYSE:LNN): FQ2 EPS of $0.42 misses by $0.14.
    • Revenue of $120.57M (-14.5% Y/Y) misses by $3.27M.
    | Thu, Mar. 31, 6:51 AM
  • Wed, Mar. 30, 5:30 PM
  • Dec. 23, 2015, 7:44 AM
    • Net earnings of $6.9M, or $0.62 per diluted share vs. $7.6M, or $0.62 per diluted share in the prior year.
    • Total irrigation equipment revenues decreased 123% to $101.3M from $114.7M in the same quarter a year ago.
    • Gross margin of 28.3% of sales, compared to 27.4% in the same quarter a year ago.
    • Cash and cash equivalents of $129.3M; repurchased 136K shares for $9.2M.
    • Backlog of unshipped orders at November 30, 2015 was $61.9M vs. $68.3M in the prior year.
    • "While it appears we are at or near the bottom of the cycle, we expect the market environment will remain challenging at least through 2016," CEO Rick Parod said.
    • FQ1 results
    | Dec. 23, 2015, 7:44 AM
  • Dec. 23, 2015, 6:47 AM
    • Lindsay (NYSE:LNN): FQ1 EPS of $0.62 beats by $0.07.
    • Revenue of $121.62M (-9.8% Y/Y) misses by $7.52M.
    | Dec. 23, 2015, 6:47 AM | 1 Comment
  • Dec. 22, 2015, 5:30 PM
  • Dec. 9, 2015, 4:30 PM
    • Lindsay (NYSE:LNN) declares $0.28/share quarterly dividend, in line with previous.
    • Forward yield 1.62%
    • Payable Feb. 29; for shareholders of record Feb. 15; ex-div Feb. 10.
    | Dec. 9, 2015, 4:30 PM