Lindsay Corporation Reports Fiscal 2016 First Quarter Results
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Wedbush Remains Sidelined as Headwinds Hindered Linday Corp.'s (LNN) 1Q
December 24, 2015 7:21 AM ESTWedbush reiterated a Neutral rating and $69.00 price target on Lindsay Corporation (NYSE: LNN), following the company's 1Q16 earnings report. Lower commodity prices and unfavorable FX continue to challenge Lindsays domestic and international irrigation businesses. While top-line sales of $121.6 million were approximately $7 million below estimates,... More
Piper Jaffray Raises PT on Lindaay Corp. (LNN) to $63 Following Mixed Q4
December 24, 2015 6:52 AM ESTPiper Jaffray Raised Price Target on Lindsay Corporation (NYSE: LNN) to $63.00 (from $59.00), but maintains an Underweight rating for the company. The raise in estimates comes following the mixed results in the November ending quarter where weak irrigation demand continues to weigh on top-line and margins. LNN reported mixed 4Q results, with an EPS of $0.62, which came in... More
Lindaay Corp. (LNN) Tops Q1 EPS by 7c
December 23, 2015 6:48 AM ESTLindaay Corp. (NYSE: LNN) reported Q1 EPS of $0.62, $0.07 better than the analyst estimate of $0.55. Revenue for the quarter came in at $121.6 million versus the consensus estimate of $129.14 million.
Guidance:
Rick Parod, president and chief executive officer, commented, The irrigation... More
