Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Lindsay (LNN) Stock Price

News articles about Lindsay (NYSE:LNN) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lindsay earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 47.3652221252714 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment’s analysis:

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Lindsay stock opened at $91.44 on Friday. Lindsay has a 12-month low of $80.77 and a 12-month high of $100.40. The company has a current ratio of 3.29, a quick ratio of 2.24 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $980.33, a price-to-earnings ratio of 42.14 and a beta of 0.36.

Lindsay (NYSE:LNN) last released its earnings results on Thursday, March 29th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.56. The firm had revenue of $130.30 million for the quarter, compared to analysts’ expectations of $133.05 million. Lindsay had a return on equity of 9.65% and a net margin of 4.79%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share. equities analysts anticipate that Lindsay will post 3.07 earnings per share for the current fiscal year.

A number of research firms have issued reports on LNN. TheStreet cut Lindsay from a “b-” rating to a “c” rating in a research report on Tuesday, January 9th. Boenning Scattergood upgraded Lindsay from a “neutral” rating to an “outperform” rating in a research report on Thursday. Stifel Nicolaus reiterated a “hold” rating and issued a $91.00 target price on shares of Lindsay in a research report on Thursday, December 14th. Finally, Zacks Investment Research cut Lindsay from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $95.25.

In other news, Director Bill Welsh sold 2,200 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $90.00, for a total transaction of $198,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.10% of the company’s stock.

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About Lindsay

Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. 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.

Insider Buying and Selling by Quarter for Lindsay (NYSE:LNN)

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