Ultime notizie per Lindsay (NYSE:LNN) Azioni

Lindsay

Lindsay Corp provides various proprietary water management and road infrastructure products and services. It has operations categorized into two main reporting segments: Irrigation, and Infrastructure. The company generates maximum revenue from the Irrigation segment. Its Irrigation segment includes manufacturing and marketing center pivot, lateral move, and hose reel irrigation systems, as well as various technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications. Geographically, it derives a majority of its revenue from the United States.

Lindsay Corp

Li Ning Co Ltd

LI NING CO LTD UNSP/ADR by Li Ning Co., Ltd.

Leoni AG

Leoni AG ADR

LINIUS TECHNOLOGIES LTD by Linius Technologies Ltd.

Linius Technologies Ltd

<p>Stifel  analyst Nathan Jones   maintains Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) with a Hold and lowers the price target from $134 to $128.</p>


News

Price Target

Analyst Ratings

Stifel Maintains Hold on Lindsay, Lowers Price Target to $128

<p>Stifel  analyst Nathan Jones   maintains Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) with a Hold and raises the price target from $130 to $134.</p>


Stifel Maintains Hold on Lindsay, Raises Price Target to $134

<p>Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) reported quarterly earnings of $2.44 per share which beat the analyst consensus estimate of $1.89 by 29.1 percent. This is a 48.78 percent increase over earnings of $1.64 per share from the same period last year.  The company reported quarterly sales of $187.06 million which beat the analyst consensus estimate of $177.30 million by 5.51 percent.  This is a 23.46 percent increase over sales of $151.52 million the same period last year.</p>


Earnings

Earnings Beats

Lindsay Q2 2025 GAAP EPS $2.44 Beats $1.89 Estimate, Sales $187.06M Beat $177.30M Estimate

<h3>Companies Reporting Before The Bell</h3>
<p>• Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) is estimated to report quarterly earnings at $1.58 per share on revenue of $167.04 million. </p>
<p>• MSC Industrial Direct Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $899.59 million. </p>
<p>• Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) is likely to report quarterly earnings at $0.89 per share on revenue of $1.50 billion. </p>
<p>• Conagra Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $3.03 billion. </p>
<p>• Acuity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) is projected to report quarterly earnings at $3.61 per share on revenue of $950.32 million. </p>
<p>• WisdomTree International LargeCap Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOL#NYSE">DOL</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $1.84 billion. </p>
<h3>Companies Reporting After The Bell</h3>
<p>• CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $2.00 million. </p>
<p>• Lifecore Biomedical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFCR#NASDAQ">LFCR</a>) is projected to report earnings for its third quarter. </p>
<p>• Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is estimated to report quarterly earnings at $1.86 per share on revenue of $84.63 billion. </p>
<p>• Simulations Plus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) is likely to report earnings for its second quarter. </p>
<p>• Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $920.92 million. </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


CXAI

WisdomTree Trust International LargeCap Dividend

LFCR

Earnings Scheduled For April 3, 2025

<p>Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) is preparing to release its quarterly earnings on Thursday, 2025-04-03. Here's a brief overview of what investors should keep in mind before the announcement.</p>
<p>Analysts expect Lindsay to report an <strong>earnings per share</strong> (EPS) of $1.58.</p>
<p>The announcement from Lindsay is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.</p>
<p>It's worth noting for new investors that guidance can be a key determinant of stock price movements.</p>
<h3>Past Earnings Performance</h3>
<p>During the last quarter, the company reported an EPS beat by $0.18, leading to a 2.9% increase in the share price on the subsequent day.</p>
<p>Here's a look at Lindsay's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q1 2025</strong></th>
<th><strong>Q4 2024</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>1.39</td>
<td>1.01</td>
<td>1.17</td>
<td>1.55</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>1.57</td>
<td>1.17</td>
<td>1.85</td>
<td>1.64</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>3.0%</td>
<td>-2.0%</td>
<td>-5.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2025/1743602536_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Lindsay were trading at $127.59 as of April 01. Over the last 52-week period, shares are up 11.35%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<h3>Insights Shared by Analysts on Lindsay</h3>
<p>For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Lindsay.</p>
<p>The consensus rating for Lindsay is Neutral, based on 1 analyst ratings. With an average one-year price target of $130.0, there's a potential 1.89% upside.</p>
<h3>Analyzing Analyst Ratings Among Peers</h3>
<p>This comparison focuses on the analyst ratings and average 1-year price targets of Titan Intl, Alamo Group and Urban-gro, three major players in the industry, shedding light on their relative performance expectations and market positioning.</p>
<ul>
<li>Titan Intl is maintaining an Outperform status according to analysts, with an average 1-year price target of $11.0, indicating a potential 91.38% downside.</li>
<li>The consensus outlook from analysts is an Buy trajectory for Alamo Group, with an average 1-year price target of $197.0, indicating a potential 54.4% upside.</li>
<li>As per analysts' assessments, Urban-gro is favoring an Buy trajectory, with an average 1-year price target of $3.0, suggesting a potential 97.65% downside.</li>
</ul>
<h3>Overview of Peer Analysis</h3>
<p>The peer analysis summary offers a detailed examination of key metrics for Titan Intl, Alamo Group and Urban-gro, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Lindsay</td>
<td>Neutral</td>
<td>3.05%</td>
<td>$49.97M</td>
<td>3.54%</td>
</tr>
<tr>
<td>Titan Intl</td>
<td>Outperform</td>
<td>-1.70%</td>
<td>$41.19M</td>
<td>0.24%</td>
</tr>
<tr>
<td>Alamo Group</td>
<td>Buy</td>
<td>-7.72%</td>
<td>$91.79M</td>
<td>2.76%</td>
</tr>
<tr>
<td>Urban-gro</td>
<td>Buy</td>
<td>-49.51%</td>
<td>$1.25M</td>
<td>-91.66%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>Lindsay is positioned in the middle among its peers for revenue growth, with a positive growth rate. It ranks second for gross profit, indicating a healthy margin. The company is at the top for return on equity, showcasing strong profitability.</p>
<h3>Delving into Lindsay's Background</h3>
<p>Lindsay Corp provides various proprietary water management and road infrastructure products and services. It has operations categorized into two main reporting segments: Irrigation, and Infrastructure. The company generates maximum revenue from the Irrigation segment. Its Irrigation segment includes manufacturing and marketing center pivot, lateral move, and hose reel irrigation systems, as well as various technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications. Geographically, it derives a majority of its revenue from the United States.</p>
<h3>Financial Milestones: Lindsay's Journey</h3>
<p><strong>Market Capitalization Analysis:</strong> Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Lindsay's revenue growth over a period of 3 months has been noteworthy. As of 30 November, 2024, the company achieved a revenue growth rate of approximately <strong>3.05%</strong>. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.</p>
<p><strong>Net Margin:</strong> Lindsay's net margin is impressive, surpassing industry averages. With a net margin of <strong>10.32%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>3.54%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Lindsay's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>2.24%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> Lindsay's debt-to-equity ratio is below the industry average. With a ratio of <b>0.27</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<p><a href="https://www.benzinga.com/quote/LNN/earnings"><strong>To track all earnings releases for Lindsay visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Preview: Lindsay's Earnings

<p>Stifel  analyst Nathan Jones   maintains Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) with a Hold and raises the price target from $126 to $130.</p>


Stifel Maintains Hold on Lindsay, Raises Price Target to $130

Guidance

Lindsay Expects Softer Market Conditions In The North America And Brazil Irrigation Markets To Continue In The Near Term

<p>Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) reported quarterly earnings of $1.57 per share which beat the analyst consensus estimate of $1.38 by 13.77 percent. This is a 15.44 percent increase over earnings of $1.36 per share from the same period last year.  The company reported quarterly sales of $166.28 million which missed the analyst consensus estimate of $169.77 million by 2.06 percent.  This is a 3.05 percent increase over sales of $161.36 million the same period last year.</p>


Earnings Misses

Lindsay Q1 2025 GAAP EPS $1.57 Beats $1.38 Estimate, Sales $166.28M Miss $169.77M Estimate

<h3>Companies Reporting Before The Bell</h3>
<p>• Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) is estimated to report quarterly earnings at $1.39 per share on revenue of $169.78 million. </p>
<p>• Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $332.19 million. </p>
<p>• RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) is likely to report quarterly earnings at $1.34 per share on revenue of $1.79 billion. </p>
<h3>Companies Reporting After The Bell</h3>
<p>• Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) is projected to report quarterly loss at $0.02 per share on revenue of $51.31 million. </p>
<p>• AZZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) is expected to report quarterly earnings at $1.27 per share on revenue of $396.64 million. </p>
<p>• Simulations Plus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) is projected to report quarterly earnings at $0.17 per share on revenue of $18.80 million. </p>
<p>• Kura Sushi USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRUS#NASDAQ">KRUS</a>) is estimated to report quarterly loss at $0.20 per share on revenue of $61.72 million. </p>
<p>• Cal-Maine Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) is estimated to report quarterly earnings at $3.68 per share on revenue of $751.50 million. </p>
<p>• AAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) is likely to report quarterly earnings at $0.84 per share on revenue of $654.09 million. </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


APOG

CALM

KRUS

RELL

Earnings Scheduled For January 7, 2025

AGCO

PCAR

REVG

Nebraska Files Antitrust Lawsuit Against Heavy-Duty Truck Manufacturers Over Plans To Restrict Diesel Truck Output In Favor Of EVs

WIIM

ALSN

ASTE

ATMU

CMCO

CVGI

EPAC

FELE

GTES

GTLS

LECO

NDSN

OFLX

PKOH

PLOW

PRLB

SHYF

SPXC

TAYD

Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

Lindsay shares are trading higher after the company reported better-than-expected Q4 financial results.

Lindsay Q4 2024 GAAP EPS $1.17 Beats $1.02 Estimate, Sales $155.000M Beat $145.470M Estimate

<p>Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) will release its quarterly earnings report on Thursday, 2024-10-24. Here's a brief overview for investors ahead of the announcement.</p>
<p>Analysts anticipate Lindsay to report an <strong>earnings per share</strong> (EPS) of $1.01.</p>
<p>Investors in Lindsay are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.</p>
<p>It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.</p>
<h3>Overview of Past Earnings</h3>
<p>In the previous earnings release, the company beat EPS by $0.68, leading to a 5.1% drop in the share price the following trading session.</p>
<p>Here's a look at Lindsay's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>1.17</td>
<td>1.55</td>
<td>1.27</td>
<td>1.11</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>1.85</td>
<td>1.64</td>
<td>1.36</td>
<td>1.74</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-5.0%</td>
<td>2.0%</td>
<td>1.0%</td>
<td>-6.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729706511_0.png" alt="eps graph" /></p>
<h3>Performance of Lindsay Shares</h3>
<p>Shares of Lindsay were trading at $112.31 as of October 22. Over the last 52-week period, shares are down 9.51%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/LNN/earnings"><strong>To track all earnings releases for Lindsay visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Preview For Lindsay

<p>Despite weak commodity prices and high costs adversely impacting the near-term outlook of the Zacks Manufacturing - Farm Equipment industry, it will gain from sustained demand for agricultural equipment required to feed a growing population.</p>
<p>Major players like <strong>Deere</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/de#NYSE">DE</a>), <strong>Kubota</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/kubty#OTC">KUBTY</a>), <strong>AGCO Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agco#NYSE">AGCO</a>) and <strong>Lindsay</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lnn#NYSE">LNN</a>) are well-poised to benefit from this demand by expanding their product offerings. The industry&#39;s emphasis on revolutionizing agriculture with technology to make farming automated is expected to be a major catalyst. Companies like Deere, CNH Industrial&nbsp;and AGCO are thus investing heavily in upping their technology game.</p>
<p><strong>About the Industry</strong></p>
<p>The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These equipment include tractors, combines, cotton pickers and harvesting equipment; tillage, seeding and application equipment, consisting of sprayers, nutrient management and soil preparation machinery; and hay and forage equipment, comprising self-propelled forage harvesters and attachments, balers, and mowers. Some companies in the industry produce turf and utility equipment, consisting of riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, commercial mowing equipment and garden tillers and snow throwers. Some participants in the industry also manufacture irrigation equipment. Deere, CNH Industrial and AGCO presently hold the foremost positions as the top three global manufacturers of agricultural equipment (in that order).</p>
<p><strong>Trends Shaping the Future of the Manufacturing - Farm Equipment Industry</strong></p>
<p><em><strong>Low Commodity Prices Act as a Woe</strong></em>: Soybeans&#39; prices have decreased 9.5% so far in 2024 and corn prices have declined 14.2%. Deteriorating agricultural commodity prices, high interest rates and production costs have affected farmer sentiment. This, in turn, is weighing on agricultural equipment demand. Wheat, corn and soybean prices are likely to decline due to high inventory levels and expectations of an increase in supply. Also. demand in China for soybeans is expected to go down due to the government&#39;s efforts to reduce and substitute the use of soybeans in animal feed to decrease reliance on imports. The U.S. Department of Agriculture projects a net farm income of $116.1 billion for 2024, indicating a decline of 25.5% from 2023. Low farm income will continue to influence farmers&#39; investment decision-making until conditions stabilize.</p>
<p><em><strong>High Costs &amp; Supply-Chain Issues Are Worrisome</strong></em>: The industry has not been immune to the rampant cost inflation prevailing in the sector. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries.</p>
<p><em><strong>Need for Food to Drive Demand for the Industry</strong></em>: Despite the volatility in commodity prices, agricultural equipment demand will be supported by increased global demand for food stemming from population growth and an increasing proportion of the population aspiring for better living standards. In the United States, the agricultural machinery market is forecast to reach $39.56 billion in 2024. It is expected to reach $53.7 billion in 2027 at a compound annual growth rate (CAGR) of 6.3% between 2024 and 2027. Farm size has been on the rise in the United States, which calls for more laborers. Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor.</p>
<p><em><strong>Technologically Advanced Machinery Continues to Gain Popularity</strong></em>: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers&#39; evolving demands. Precision agriculture technology is expected to be a key catalyst, as it enables farmers to increase yield with reduced input costs and sustainability benefits. Deere, CNH and AGCO are currently the forerunners in this. CNH Industrial&#39;s acquisition of Raven Industries in November 2021 marked an important milestone in the company&#39;s digital transformation. It expanded CNH&#39;s portfolio of precision agriculture technology offerings and accelerated the development of advanced machine automation and autonomous agriculture technology. In 2023 the company acquired global satellite navigation technology leader Hemisphere, boosting its in-house precision, automation and autonomy technology.</p>
<p><strong>Zacks Industry Rank Indicates Dull Prospects</strong></p>
<p>The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #232, which places it at the bottom 7% of more than 250 Zacks industries.</p>
<p>The group&#39;s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dim prospects in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.</p>
<p>Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group&#39;s earnings growth potential. Since the beginning of this year, the industry&#39;s earnings estimate for the current year has gone down 8%.</p>
<p>Despite the bleak near-term prospects of the industry, we will present a few Manufacturing - Farm Equipment stocks that can be retained in one&#39;s portfolio. It is worth taking a look at the industry&#39;s stock market performance and valuation picture before that.</p>
<p><strong>Industry Versus Broader Market</strong></p>
<p>The Zacks Manufacturing - Farm Equipment industry has underperformed its sector and the Zacks S&amp;P 500 composite over the past 12 months. Stocks in this industry have declined 15.2% in the past 12 months against the S&amp;P 500&#39;s growth of 29.8%. The Industrial Products sector has gained 10.5% in the said time frame.</p>
<h3>One-Year Price Performance<br />
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/oneyear_20240708.jpg" style="height:363px; width:620px" /></h3>
<p><strong>Industry&#39;s Current Valuation</strong></p>
<p>On the basis of the trailing EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 13.48X compared with the S&amp;P 500&#39;s 20.09X. The Industrial Products sector&#39;s trailing 12-month EV/EBITDA is 16.14X. This is shown in the charts below.</p>
<h3>Enterprise Value/EBITDA (EV/EBITDA) Ratio</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ttmspm_20240708.jpg" style="height:234px; width:620px" /></p>
<h3>Enterprise Value/EBITDA (EV/EBITDA) Ratio</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ttminds_20240708.jpg" style="height:228px; width:620px" /></p>
<p>Over the last five years, the industry traded as high as 28.72X and as low as 11.16X, the median being 18.35X.</p>
<p><strong>4 Manufacturing - Farm Equipment Stocks to Keep an Eye on</strong></p>
<p><strong>Deere</strong>: The company is witnessing solid growth in order levels, which is expected to aid its top-line performance. DE will continue to benefit from its focus on launching products equipped with advanced technologies and features that provide it with a competitive edge. Efforts to expand in precision agriculture will be a significant growth driver. Replacement demand, triggered by the need to upgrade old equipment, will continue to support its revenues. Considering that Deere also makes construction equipment, it will benefit from strong demand in the residential and non-residential construction markets. DE&#39;s cost-control actions have been supporting margins despite the persistent inflationary pressures.</p>
<p>The Zacks Consensus Estimate for the Moline, IL-based company&#39;s fiscal 2024 earnings is pegged at $25.59. DE has a trailing four-quarter earnings surprise of 16%, on average. Deere has an estimated long-term earnings growth rate of 9.7% and carries a Zacks Rank #3.</p>
<h3>Price &amp; Consensus: DE</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/deio_20240703.jpg" style="height:375px; width:620px" /></p>
<p><strong>Kubota</strong>: The company has formulated its long-term vision, &quot;GMB2030.&quot; It has been progressing with initiatives to realize smart agriculture with the aim of providing solutions that will improve the productivity and safety of food. Agricultural machine automation is one of the key pillars of these initiatives. The company has invested in Chouette &mdash; an AgTech company that uses artificial intelligence to analyze images captured by cameras to detect diseases and tree vigor, and, based on the data analysis, creates the optimal spray volume of chemicals by unique algorithms. The company will continue to benefit from strong demand for its agricultural equipment. Demand for its construction equipment will be supported by increased infrastructure spending in the United States. Its prospects look promising in other parts of the world.</p>
<p>The Zacks Consensus Estimate for Osaka, Japan-based Kubota&#39;s earnings for fiscal 2024 is pegged at $6.21. The company has a trailing four-quarter earnings surprise of 48.3%, on average. It has an estimated long-term earnings growth rate of 2.9% and currently carries a Zacks Rank #3 (Hold).</p>
<h3>Price &amp; Consensus: KUBTY</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/kubtyio_20240703.jpg" style="height:379px; width:620px" /></p>
<p><strong>AGCO Corp:</strong> The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. It has been investing in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts, along with favorable market demand and the company&#39;s cost-control measures, have driven margin expansion over the past few quarters. AGCO recently announced that it is restructuring its dealership network in Ohio. This will allow skilled dealers to broaden access to the manufacturer&#39;s popular brands across the Buckeye State. The dealerships plan to offer AGCO&#39;s whole brand portfolio, which includes Fendt, Massey Ferguson and PTx equipment and services. Lowe &amp; Young, Mayer Farm Equipment and North Star Hardware &amp; Implement are all current AGCO dealers in Ohio. They will broaden their product and service offerings in their current markets.</p>
<p>The Zacks Consensus Estimate for the company&#39;s fiscal 2024 earnings is pegged at $11.64. AGCO has a trailing four-quarter earnings surprise of 7.7%, on average. It has an estimated long-term earnings growth rate of 13.4%. This Duluth, GA-based company currently carries a Zacks Rank #3.</p>
<h3>Price &amp; Consensus: AGCO</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/cnhio_20240703.jpg" style="height:380px; width:620px" /></p>
<p><strong>Lindsay</strong>: The company is well poised to gain from its demand for its Road Zipper System. Its Road Zipper System is a highly differentiated product that delivers significant advantages by addressing key infrastructure needs such as reducing congestion, lowering carbon emission, improving commuter travel time and increasing driver safety. Road Zipper Systems are gaining popularity globally for its faster implementation and lower cost compared to constructing new lanes. Lindsay&#39;s infrastructure business is beginning to benefit from rising infrastructure spending in the United States, particularly in Road Zipper System leasing and the sale of road safety equipment. The company recently signed a multi-year supply agreement to provide Zimmatic irrigation systems and FieldNET remote management and scheduling technology in the Middle East and North Africa region. The project is valued at more than $100 million in revenues. Pivot shipments for this project will commence in fourth-quarter fiscal 2024 and are scheduled to continue until 2025.</p>
<p>The Zacks Consensus Estimate for the Omaha, NE-based company&#39;s ongoing-year earnings is pegged at $5.47. LNN has a trailing four-quarter earnings surprise of 19.9%, on average. It currently carries a Zacks Rank #3.</p>
<h3>Price &amp; Consensus: LNN</h3>
<p><img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/lnnio_20240703.jpg" /></p>
<p><a href="https://www.zacks.com/commentary/2296584/4-farm-equipment-stocks-to-watch-amid-industry-challenges?cid=CS-BENZ-FT-industry_outlook-2296584">To read this article on Zacks.com click here.</a></p>


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4 Farm Equipment Stocks to Watch Amid Industry Challenges

<p><strong>Lindsay Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lnn#NYSE">LNN</a>) delivered adjusted earnings per share of $1.41 in third-quarter fiscal 2024 (ended on May 31, 2024), beating the Zacks Consensus Estimate of $1.25. The bottom line fell 8% year over year.<br />
Including an income tax credit of 44 cents per share, earnings per share in the quarter were $1.85.<br />
Lindsay generated revenues of $139 million, down 15.4% from the $165 million reported in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $152 million.<br />
The company&#39;s backlog as of May 31, 2024, was $246.9 million compared with $94.5 million as of May 31, 2023.</p>
<div class="chart_embed">
<h3>Lindsay Corporation Price, Consensus and EPS Surprise</h3>
<h3><img alt="Lindsay Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/6b/1719585364.png" style="height:281px; width:620px" title="" /></h3>
<p>Lindsay Corporation price-consensus-eps-surprise-chart | Lindsay Corporation Quote</p>
</div>
<h3>Operational Update</h3>
<p>The cost of operating revenues fell 16.7% year over year to $93 million. Gross profit decreased 12.8% to $46.5 million from the year-earlier quarter. The gross margin was 33.4% compared with the year-ago quarter&#39;s 32.4%.<br />
Operating expenses were $26.6 million in the fiscal third quarter, up 1.1% year over year. Operating income was $20 million, down from the prior-year quarter&#39;s $27 million.</p>
<h3>Segmental Results</h3>
<p>The Irrigation segment&#39;s revenues fell 19% year over year to around $115 million in the fiscal third quarter. North America irrigation revenues decreased 9% from the year-ago quarter to $68 million due to lower unit sales volumes and reduced sales of replacement parts.<br />
International irrigation revenues dipped 31% year over year to $47 million on lower sales volumes in Brazil and other Latin America markets. The irrigation segment&#39;s operating income fell 36% year over year to $19.5 million.<br />
The Infrastructure segment&#39;s revenues increased 11% year over year to $24 million on higher Road Zipper System sales and increased lease revenues. The segment reported operating income of $6.3 million, up 76% year over year.</p>
<h3>Financial Position</h3>
<p>Lindsay had cash and cash equivalents of $140 million at the end of the third quarter of fiscal 2023 compared with $161 million at the end of fiscal 2023. The company&#39;s long-term debt stood at around $115 million at the end of the fiscal third quarter, flat with the end of fiscal 2023.<br />
Lindsay issued a quarterly cash dividend of 36 cents per share, a 3% increase compared to the previous quarter&#39;s projected rate of 35 cents. This is payable on Aug 30, 2024, to shareholders of record at the close of business on Aug 16, 2024. The current annual indicated rate is $1.44 per share, updated from the previous rate of $1.40.</p>
<h3>Outlook</h3>
<p>The company anticipates the performance in North America and Brazil to continue being impacted. However, it is confident in the market&#39;s long-term growth potential. The company expects continued growth in expanding international markets, driven by the ongoing need to address food security.<br />
LNN&#39;s infrastructure business is beginning to benefit from rising infrastructure spending in the United States, particularly in Road Zipper System leasing and sales of road safety equipment. It also continues to actively manage projects through the Road Zipper System project sales funnel. However, project implementation timing is difficult to estimate.</p>
<h3>Price Performance</h3>
<p>Lindsay&#39;s shares have gained 5% in the past year against the industry&#39;s fall of 10.5%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c1/69865.jpg?v=981014421" /><br />
Image Source: Zacks Investment Research</p>
<h3>Zacks Rank</h3>
<p>The company currently carries a Zacks Rank #3 (Hold).</p>
<h3>Farm Equipment Stocks Awaiting Results</h3>
<p><strong>Deere &amp; Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/de#NYSE">DE</a>) is expected to release its third-quarter fiscal 2024 results soon.<br />
The Zacks Consensus Estimate for the company&#39;s earnings per share is pegged at $5.95 for the fiscal third quarter, suggesting a decline of 41.9% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $11.02 billion, indicating a year-over-year decrease of 22.8%<br />
<strong>AGCO Corp. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agco#NYSE">AGCO</a>) is expected to release its second-quarter 2024 results soon. The Zacks Consensus Estimate for the company&#39;s earnings per share is pegged at $3.09 for the second quarter, suggesting a decline of 27.8% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $3.4 billion, indicating a year-over-year decrease of 5.9%.<br />
<strong>CNH Industrial N.V. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnh#NYSE">CNH</a>) is expected to release its second-quarter 2024 results soon. The Zacks Consensus Estimate for the company&#39;s earnings per share is pegged at 39 cents for the second quarter, suggesting a decline of 25% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $5.7 billion, indicating a year-over-year decrease of 13.6%.</p>
<p><a href="https://www.zacks.com/stock/news/2295199/lindsay-lnn-earnings-top-estimates-in-q3-revenues-dip-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2295199">To read this article on Zacks.com click here.</a></p>


Lindsay Earnings Top Estimates in Q3, Revenues Dip Y/Y

Lindsay Corporation Lowers Cash Dividend By 3% To $0.36 Per Share; Dividend Is Payable August 30, 2024

<p><strong>Lindsay Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) shares are trading higher on Thursday after<a target="_blank" href="https://www.benzinga.com/pressreleases/24/06/b39520277/lindsay-corporation-reports-third-quarter-fiscal-2024-results" rel="noreferrer noopener"> reporting strength in infrastructure unit in third-quarter results.</a></p>
<p>The company reported quarterly earnings per share of $1.85, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the street view of $1.17.</a></p>
<p>Third-quarter revenues totaled $139.20 million (down 15% year over year), missing the analyst consensus of $144.36 million, as market conditions in the irrigation segment continue to weigh on farmer sentiment, resulting in demand softness.&nbsp;</p>
<p>However, the company gained strength in the infrastructure business, supported by new project sales and momentum in leasing revenues of the Road Zipper System.</p>
<p>Infrastructure segment revenues for the quarter were $24.4 million, up 11% year over year.</p>
<p>&#8220;The growth and margin expansion we achieved in our infrastructure business for the quarter helped to offset some of the softness in the irrigation business,&#8221; said Randy Wood, President and Chief Executive Officer.</p>
<p>Operating margin was 14.3%, down from 16.4% in the prior year quarter. The decrease in operating income and margin resulted mainly from lower irrigation segment revenues and the impact from deleverage of fixed operating expenses.</p>
<p>This decrease, however, was partially offset by improved operating income and operating margin in the infrastructure segment.</p>
<p>The backlog of unfilled orders as of May-end, was $246.9 million compared with $94.5 million as of May 31, 2023.</p>
<p>&#8220;We expect demand in North America to remain tempered until the outlook for net farm income improves. Similarly, we expect current market conditions in Brazil to temper demand for irrigation equipment in the near term, while we remain confident in the longer-term growth opportunity in that market,&#8221; the CEO added.</p>
<p><strong>Price Action: </strong>LNN shares are trading higher by 9.33% to $123.78&nbsp;at last check Thursday.</p>
<p><strong><em>Read Next: </em></strong><em><a href="https://www.benzinga.com/markets/equities/24/06/39520026/why-blackberry-shares-are-gaining-thursday" target="_blank" rel="noreferrer noopener">Why BlackBerry Shares Are Gaining Thursday</a></em></p>
<p><em>Photo: Courtesy of 24K-Production via Shustterstock</em></p>


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Why Manufacturing Company Lindsay Shares Are Gaining Today

Lindsay shares are trading higher after the company reported better-than-expected Q3 EPS results.

<p>Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) reported quarterly earnings of $1.85 per share which beat the analyst consensus estimate of $1.17 by 58.12 percent.  The company reported quarterly sales of $139.200 million which missed the analyst consensus estimate of $144.363 million by 3.58 percent.  This is a 15.41 percent decrease over sales of $164.553 million the same period last year.</p>


Lindsay Q3 2024 GAAP EPS $1.85 Beats $1.17 Estimate, Sales $139.200M Miss $144.363M Estimate

Press Releases

Lindsay Corporation Announces Fourth Quarter and Fiscal Year-End Earnings Conference Call and Webcast

Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2024 Results

Lindsay Corporation Announces Quarterly Cash Dividend

Lindsay Corporation Announces First Quarter Fiscal 2025 Earnings Conference Call and Webcast

Commodities

Lindsay Further Enhances Portfolio, Completes Acquisition of Minority Interest in Pessl Instruments

Lindsay Corporation Reports Fiscal 2025 First Quarter Results

Lindsay Corporation Announces Second Quarter Fiscal 2025 Earnings Conference Call and Webcast

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