Want to see LNN full AI Analyst Report?
Top Page
Lindsay
(NYSE:LNN)
Select Model
Select Model
Rating:71Outperform
Price Target:
$134.00
▲(23.74% Upside)
Action:Upgraded
Date:07/02/26
LNN scores as a solid but not top-tier setup: strong balance-sheet positioning and still-healthy profitability are the main supports, reinforced by constructive technical trend signals. The score is held back by softening demand and margin pressure highlighted in the earnings call (particularly irrigation and near-term guidance), weaker/volatile free cash flow, and a valuation that looks only fair given the current slowdown.
Positive Factors
Strong liquidity & conservative balance sheet
A sizeable liquidity buffer and modest leverage grant durable financial flexibility to weather cyclical agricultural downturns, fund large project deliveries, sustain buybacks and complete planned capex (tube mill/galvanizing) without forcing distressed financing or asset sales.
Negative Factors
Cyclical irrigation demand weakness
Core irrigation sales are cyclical and currently declining, reducing revenue visibility and weakening unit economics. Prolonged softness tied to farm margins, commodity prices and extreme weather can depress equipment replacement cycles and slow recovery over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity & conservative balance sheet
A sizeable liquidity buffer and modest leverage grant durable financial flexibility to weather cyclical agricultural downturns, fund large project deliveries, sustain buybacks and complete planned capex (tube mill/galvanizing) without forcing distressed financing or asset sales.
Read all positive factors
Lindsay (LNN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.27B
Dividend Yield1.24%
Average Volume (3M)137.49K
Price to Earnings (P/E)23.3
Beta (1Y)0.62
Revenue Growth-7.37%
EPS Growth-25.20%
CountryUS
Employees1,280
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)5.24
Shares Outstanding10,395,655
10 Day Avg. Volume158,542
30 Day Avg. Volume137,494
Financial Highlights & Ratios
PEG Ratio1.56
Price to Book (P/B)2.80
Price to Sales (P/S)2.20
P/FCF Ratio16.48
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue1.86
Enterprise Value/Gross Profit6.30
Enterprise Value/Ebitda13.64
Forecast
1Y Price Target
$113.00Price Target Upside4.35% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)5.07
Revenue Forecast (FY)$626.59M
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 makes money primarily by selling irrigation equipment and related solutions to agricultural customers. A major revenue stream is the sale of mechanized irrigation systems (e.g., center-pivot and lateral-move machines) along with associated...
Lindsay Earnings Call Summary
Earnings Call Date:Jul 02, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Oct 22, 2026
Earnings Call Sentiment Neutral
The call communicated a mixed but balanced outlook: near-term challenges in the core irrigation business (declining revenues, margin pressure, constrained Brazil financing, drought and soft North American demand) are offset by positives including infrastructure growth (+8%), large project backlog (an $80M Middle East order), strong liquidity ($204.8M), continued buybacks, operational capacity upgrades (tube mill online; galvanizing facility coming in 2027), and expected double-digit technology revenue growth. Management is taking cost and restructuring actions to improve efficiency with savings targeted for fiscal 2027.Positive Updates
Solid Liquidity and Capital Return
Total available liquidity of $204.8M (cash and equivalents $154.8M + $50M revolver). Returned $25.2M in share repurchases during the quarter and $80.7M year-to-date, reflecting continued capital allocation to shareholders.
Negative Updates
Decline in Total Revenues
Total revenues for Q3 FY2026 were $160.8M, down 5% year-over-year from $169.5M, reflecting continued softness in the irrigation business amid a cyclical bottom in agricultural markets.
Read all updates
Q3-2026 Updates
Positive
Negative
Solid Liquidity and Capital Return
Total available liquidity of $204.8M (cash and equivalents $154.8M + $50M revolver). Returned $25.2M in share repurchases during the quarter and $80.7M year-to-date, reflecting continued capital allocation to shareholders.
Read all positive updates
Company Guidance
Management guided that near-term demand will remain soft—total Q3 revenue was $160.8M (down 5% y/y from $169.5M) with operating income $18.5M and a 11.5% margin (vs. $23.8M and 14% a year ago); irrigation revenue was $133.0M (down 7%) including North America $61.3M (down 11%) and international $71.7M (down 4%), with irrigation operating income $20.3M and a 15.3% margin, while infrastructure grew to $27.7M (+8%) with $5.4M operating income (19.5% margin). They said no material near‑term North American recovery is expected until farm economics improve, Brazil is “cautiously optimistic” after financing rates eased to 11.5% (from 12.5%) but FINAME funding fell from BRL 2.75B to BRL 1.7B, the MENA project is ~$80M (about $70M to be recognized in FY2026 and ~$10M in early FY2027), and Road Zipper timing remains uncertain with no large project expected this fiscal year. Operationally, the new tube mill is fully online, the galvanizing plant is on track for calendar 2027 (after which CapEx should normalize from the $35.5M spent year‑to‑date), technology revenue is expected to grow in the double digits in FY2026, restructuring savings begin in FY2027, and liquidity stands at $204.8M ($154.8M cash + $50M revolver) while the company returned $25.2M in buybacks this quarter ($80.7M YTD).Lindsay Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 627.86M | 676.37M | 607.07M | 674.08M | 770.74M | 567.65M |
| Gross Profit | 184.99M | 210.78M | 191.06M | 213.01M | 199.18M | 150.21M |
| EBITDA | 85.53M | 117.31M | 99.98M | 123.44M | 107.64M | 74.31M |
| Net Income | 55.20M | 74.05M | 66.26M | 72.38M | 65.47M | 42.57M |
Balance Sheet | ||||||
| Total Assets | 821.64M | 840.84M | 760.23M | 745.66M | 710.65M | 637.18M |
| Cash, Cash Equivalents and Short-Term Investments | 154.76M | 250.57M | 190.88M | 166.31M | 116.51M | 146.71M |
| Total Debt | 133.70M | 136.51M | 134.39M | 136.11M | 138.53M | 138.02M |
| Total Liabilities | 322.55M | 307.99M | 279.34M | 290.01M | 317.30M | 298.74M |
| Stockholders Equity | 499.10M | 532.85M | 480.89M | 455.65M | 393.36M | 338.44M |
Cash Flow | ||||||
| Free Cash Flow | 44.90M | 90.41M | 66.78M | 100.93M | -12.55M | 17.46M |
| Operating Cash Flow | 94.66M | 132.91M | 95.76M | 119.71M | 3.05M | 43.97M |
| Investing Cash Flow | -38.50M | -48.57M | -25.94M | -47.42M | -8.95M | -27.62M |
| Financing Cash Flow | -104.86M | -26.85M | -38.64M | -17.30M | -12.69M | -11.66M |
Lindsay Technical Analysis
Positive
108.29
Price Trends
112.93
Positive
117.45
Positive
120.13
Positive
Market Momentum
3.06
Negative
62.53
Neutral
60.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNN, the sentiment is Positive. The current price of 108.29 is below the 20-day moving average (MA) of 117.94, below the 50-day MA of 112.93, and below the 200-day MA of 120.13, indicating a bullish trend. The MACD of 3.06 indicates Negative momentum. The RSI at 62.53 is Neutral, neither overbought nor oversold. The STOCH value of 60.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.27B | 23.31 | 11.28% | 1.24% | -7.37% | -25.20% | |
67 Neutral | $7.78B | 40.33 | 3.93% | 1.24% | 17.03% | -43.69% | |
64 Neutral | $2.07B | 20.24 | 8.86% | 0.69% | 2.26% | -12.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $8.43B | 11.22 | 17.90% | 1.10% | -3.80% | ― | |
61 Neutral | $167.70B | 35.12 | 18.25% | 1.34% | 3.98% | -14.68% | |
53 Neutral | $1.29B | 49.90 | 3.82% | 1.14% | 11.47% | 69.53% |
* Industrials Sector Average
LNN
Lindsay
122.12
-22.07
-15.31%
AGCO
Agco
116.49
9.01
8.38%
ALG
Alamo Group
170.25
-53.44
-23.89%
ASTE
Astec
57.56
16.45
40.00%
DE
Deere
621.27
117.29
23.27%
TEX
Terex
68.16
19.71
40.67%
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.