Quite a few brokerages have been expecting the sales of LNN to skyrocket towards $113.20 million for the present quarter. According to several reports, two investment analysts have already made quite a few estimates regarding the earnings of LNN. The highest estimate has been in the range of $114.80 million, with the lowest being in the range of $111.60 million. The company did report a sales sum of $109.39 the previous year, which suggests an annual growth rate of about 3.5%. The company will be reporting a quarterly earnings report on the 7th of January.
The Quarterly Earnings of LNN
The stocks of LNN did post their quarterly earnings results on the 22nd of October. The EPS reported by the company for that period was $1.35, which beat out the consensus estimate of $0.99. The revenue earned by the company was $128.40 million, which was more than the analyst estimate of about $116.97 million. In that period, the return on its equity was 13.65%, with the net margin fixed at 8.14%.
There have been quite a few companies that have commented on the stocks of LNN. Monness Crespi & Hardt has already increased the rating of the company from sell to neutral in a 23rd October research report. Boenning Scattergood has also increased the rating of the company from neutral to outperform, while putting up a price objective of $145 in a 22nd October research report. In the end, BidaskClub, too, got in the game with an increase in the ratings of the company from buy, to strong buy in an 18th December report.
Three of the research analysts have already given the stocks of LNN a rating of hold, while one of them has given it a rating of buy- with two of them issuing a rating of strong buy on the stocks of the company. Currently, the company has an average rating of Buy, with a target price set at $108.25.