For its second fiscal quarter (ending February 28), Lindsay Corp (NYSE: LNN) has reported a 0% change in E.P.S. from $1.64 a year ago to $1.64 in the current quarter. For the latest four quarters through February 28, E.P.S. were $6.29 compared to $7.21 a year ago — a decline of -13%.
Recent Price Action
Lindsay Corp (NYSE: LNN) stock closed at $114.49 on 4/4/24 after a slight decline of -0.7%. Moreover, trading volume in this decline was exceptionally high at 304% of normal. The stock has declined -2.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LNN is expected to continue to be a Value Builder.
Lindsay has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Lindsay has a neutral Power Rating of 45 and a neutral Appreciation Score of 40, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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