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Lindsay
(NYSE:LNN)
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Rating:64Neutral
Price Target:
$120.00
▲(5.14% Upside)
Action:Reiterated
Date:10/23/26
The score is primarily supported by solid underlying financial strength (strong balance sheet and generally healthy margins/returns), but capped by uneven cash flow conversion and recent earnings softness. Technicals are neutral-to-soft with the stock below key longer-term moving averages, while valuation looks reasonable but not notably cheap. Earnings call commentary adds moderate support from cost reductions and infrastructure momentum, tempered by subdued irrigation demand and a near-term MENA project gap.
Positive Factors
Conservative balance sheet
Conservative leverage and a growing equity base give Lindsay financial resilience through normal agricultural and infrastructure cycles. This supports continued investment, provides flexibility to manage demand volatility, and reduces the risk that balance-sheet constraints restrict strategic execution.
Negative Factors
Recent revenue and earnings contraction
The full-year decline shows that Lindsay’s earnings remain exposed to cyclical equipment demand and can weaken materially when agricultural conditions soften. Lower revenue also reduces operating leverage, making sustained profit recovery dependent on demand improvement and effective cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Conservative leverage and a growing equity base give Lindsay financial resilience through normal agricultural and infrastructure cycles. This supports continued investment, provides flexibility to manage demand volatility, and reduces the risk that balance-sheet constraints restrict strategic execution.
Read all positive factors
Lindsay (LNN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.09B
Dividend Yield1.4%
Average Volume (3M)155.20K
Price to Earnings (P/E)20.3
Beta (1Y)0.57
Revenue Growth-7.37%
EPS Growth-25.20%
CountryUS
Employees1,275
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)5.35
Shares Outstanding10,168,885
10 Day Avg. Volume162,909
30 Day Avg. Volume155,202
Financial Highlights & Ratios
PEG Ratio-1.00
Price to Book (P/B)2.36
Price to Sales (P/S)1.88
P/FCF Ratio34.38
Enterprise Value/Market Cap1.03
Enterprise Value/Revenue1.76
Enterprise Value/Gross Profit6.10
Enterprise Value/Ebitda11.74
Forecast
1Y Price Target
$119.00Price Target Upside4.27% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)5.78
Revenue Forecast (FY)$614.43M
Lindsay Business Overview & Revenue Model
Company Description
Lindsay Corporation is an international enterprise specializing in comprehensive solutions for water management and road infrastructure. The company's operations are structured into two main divisions. The Irrigation segment develops and distribut...
How the Company Makes Money
Lindsay primarily generates revenue by selling irrigation equipment and related solutions, along with a smaller but meaningful stream from infrastructure safety products. In irrigation, the company sells center pivot and lateral move irrigation sy...
Lindsay Earnings Call Summary
Earnings Call Date:Oct 22, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jan 07, 2027
Earnings Call Sentiment Positive
The call conveyed a cautiously positive long-term outlook, supported by fourth-quarter revenue and earnings growth, strong safety and execution, recurring technology revenue growth, infrastructure momentum, cost-reduction initiatives, liquidity and strategic investments in Brazil and manufacturing capacity. However, the full-year financial results declined, irrigation markets remain subdued, price-cost pressure persists, Brazil faces near-term constraints and no large MENA project is expected to begin delivery in fiscal 2027. Overall, the positive operational execution and strategic positioning outweighed the near-term challenges.Positive Updates
Fourth-Quarter Revenue and Earnings Growth
Fiscal fourth-quarter revenue was $161.6 million, up 5% year-over-year. Net earnings increased to $11.3 million from $10.8 million, while diluted earnings per share rose to $1.10 from $0.99.
Negative Updates
Full-Year Revenue and Earnings Decline
Fiscal 2026 revenue decreased 6% to $635.9 million. Net earnings declined to $55.7 million from $74.1 million, and diluted earnings per share decreased 21% to $5.33.
Read all updates
Q4-2026 Updates
Positive
Negative
Fourth-Quarter Revenue and Earnings Growth
Fiscal fourth-quarter revenue was $161.6 million, up 5% year-over-year. Net earnings increased to $11.3 million from $10.8 million, while diluted earnings per share rose to $1.10 from $0.99.
Read all positive updates
Company Guidance
Management expects the $8 million in net annualized cost reductions to begin materializing in fiscal 2027, irrigation equipment investment in North America to remain relatively subdued until there is a more sustained level of commodity price support and net farm income, and price realization to take a couple of quarters to flow through after input-cost stabilization. In MENA, the remaining services revenue is expected to be recognized over the next 12 to 24 months, with no large project awards currently anticipated to begin delivery in fiscal 2027; management expects to cover at least half of the $70 million project gap with smaller projects and other growth initiatives, including opportunities in the $10 million, $15 million, $20 million range. Infrastructure is expected to show continued growth in road safety products, Road Zipper leasing is expected to remain generally in line with fiscal 2026, and the next-generation galvanizing operation is expected to be online before calendar year-end, with full capacity potentially reached 30, 60 days later. The fiscal 2027 tax rate is expected to normalize back in that 24.5%, 25% range.Lindsay Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 635.86M | 676.37M | 607.07M | 674.08M | 770.74M |
| Gross Profit | 183.78M | 210.78M | 191.06M | 213.01M | 199.18M |
| EBITDA | 98.38M | 117.31M | 103.48M | 123.44M | 112.31M |
| Net Income | 55.65M | 74.05M | 66.26M | 72.38M | 65.47M |
Balance Sheet | |||||
| Total Assets | 815.10M | 840.84M | 760.23M | 745.66M | 710.65M |
| Cash, Cash Equivalents and Short-Term Investments | 189.84M | 250.57M | 190.88M | 166.31M | 116.51M |
| Total Debt | 132.96M | 136.51M | 134.39M | 136.11M | 138.53M |
| Total Liabilities | 309.44M | 307.99M | 279.34M | 290.01M | 317.30M |
| Stockholders Equity | 505.66M | 532.85M | 480.89M | 455.65M | 393.36M |
Cash Flow | |||||
| Free Cash Flow | 34.75M | 90.41M | 66.78M | 100.93M | -12.55M |
| Operating Cash Flow | 74.92M | 132.91M | 95.76M | 119.71M | 3.05M |
| Investing Cash Flow | -42.82M | -48.57M | -25.94M | -47.42M | -8.95M |
| Financing Cash Flow | -96.22M | -26.85M | -38.64M | -17.30M | -12.69M |
Lindsay Technical Analysis
Neutral
114.13
Price Trends
114.67
Negative
115.01
Negative
116.87
Negative
Market Momentum
-1.84
Positive
49.21
Neutral
28.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNN, the sentiment is Neutral. The current price of 114.13 is above the 20-day moving average (MA) of 111.97, below the 50-day MA of 114.67, and below the 200-day MA of 116.87, indicating a neutral trend. The MACD of -1.84 indicates Positive momentum. The RSI at 49.21 is Neutral, neither overbought nor oversold. The STOCH value of 28.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LNN.
Lindsay Risk Analysis
Lindsay disclosed 15 risk factors in its most recent earnings report. Lindsay reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lindsay Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $7.00B | 24.88 | 20.22% | 0.51% | 23.97% | 28.96% | |
71 Outperform | $170.46B | 35.28 | 18.11% | 1.02% | 7.98% | -5.94% | |
64 Neutral | $1.09B | 20.34 | 10.96% | 1.40% | -7.37% | -25.20% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $7.33B | 14.53 | 12.45% | 1.12% | 1.74% | 443.88% | |
53 Neutral | $865.28M | 35.40 | 2.33% | 0.89% | ― | ― | |
50 Neutral | $14.26B | 46.32 | 4.01% | 0.87% | 0.60% | -62.01% |
* Industrials Sector Average
LNN
Lindsay
111.99
-3.72
-3.22%
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Lindsay Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Lindsay Adopts 2027 Executive Incentive Compensation Plan
Positive
Oct 22, 2026
On October 20, 2026, Lindsay’s board committee adopted a Management Incentive Plan for fiscal 2027, setting cash bonus targets of 35% to 100% of base salary for senior executives, with payouts ranging from 0% to 200% based on company financi...
Executive/Board Changes
Lindsay Appoints Interim Co-Chief Financial Officers
Neutral
Aug 28, 2026
On August 28, 2026, Lindsay Corporation announced that its Board of Directors appointed Alicia Pfeifer, Vice President of Business Finance, and Brett Coburn, Vice President and Chief Accounting Officer, as interim co-Chief Financial Officers effec...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.