Home Sectors Industrials Recent Valuation: Lindsay Corporation (NYSE: LNN)

Recent Valuation: Lindsay Corporation (NYSE: LNN)

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Lindsay Corporation is part of the industrials sector and is part of the farm and construction machinery industry. Lindsay Corp designs, manufactures, and sells irrigation systems used in the agricultural industry. It also provides proprietary water management and road infrastructure products and services. The firm has Irrigation and Infrastructure reportable systems.

Previous Intraday Trading Performance:

The LNN stock showed a previous change of 0.57% with an open at 79.69 and a close of 79.81. It reached an intraday high of 80.39 and a low of 79.26.

Business Wire:  Lindsay Corporation’s Hassinger Appointed to USDA’s Agriculture Policy Advisory Committee

Liquidity:

The stock has a market cap of $860.9m with 10.8m shares outstanding, of which the float is 10.2m shares. Trading volume reached 80,687 shares compared to its average volume of 88,108 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Lindsay Corporation shares returned -3.84% and in the past 30 trading days it returned -6.06%. Over three months, it changed -15.06%. In one year it has changed -19.99% and within that year its 52-week high was 109.50 and its 52-week low was 76.35. LNN stock is 4.53% above its 52 Week Low.

Our calculations show a 200 day moving average of 91.13 and a 50 day moving average of 83.84. Currently LNN stock is trading -12.42% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

Business Wire:  Lindsay Corporation’s Hassinger Appointed to USDA’s Agriculture Policy Advisory Committee

Earnings:

The last annual fiscal EPS for the company was reported at 1.88 that ended on 31st of August 2018, which according to the previous close, that is a PE of 42.45. Based on 2 analyst estimates, the consensus EPS for the next quarter is 0.47. The TTM EPS is 3.02, which comes to a TTM PE of 26.43. Historically, the PE high was 50.80 and the PE low was 13.00. If the stock reached its PE low, that would represent a price of 39.26, which is a decrease of -50.81%.

Below was the last reported quarterly diluted earnings per share:

Feb19 (Reported on 04/09/2019): -0.32
Nov18 (Reported on 01/08/2019): 0.11
Aug18 (Reported on 10/18/2018): 0.46
May18 (Reported on 06/28/2018): 0.96
Feb18 (Reported on 03/29/2018): 0.16

The dividend per share is currently 1.24, which is a dividend yield of 1.55%. Also, the payout ratio is 41.06%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 76.69, which means it may be overvalued by -4.07%.

Indicators to Watch:

Short-interest was 1,546,130, which was 14.33% of shares outstanding. The short-interest ratio or days-to-cover ratio was 17.08. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 0.31.

SeekingAlpha:  The Retirees’ Dividend Portfolio – John And Jane’s May Taxable Account Update: Monthly Income Record

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 4.99%, return on assets is 2.66%, profit margin is 0.80%, price-to-sales is 2.49 and price-to-book is 3.15.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 0  :Past Performance Score
 3  :Financial Strength Score
 3  :Future Growth Score
 4  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.