LSI Industries Inc. (NASDAQ:LYTS) released its quarterly earnings data on Thursday. The construction company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03, Bloomberg Earnings reports. LSI Industries had a net margin of 0.91% and a return on equity of 3.14%. The company had revenue of $87.47 million during the quarter, compared to the consensus estimate of $82.45 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. LSI Industries’s revenue for the quarter was up 3.9% on a year-over-year basis.
LSI Industries (LYTS) opened at 6.50 on Friday. LSI Industries has a one year low of $4.99 and a one year high of $10.68. The stock has a market capitalization of $165.80 million, a PE ratio of 55.08 and a beta of 1.65. The firm has a 50-day moving average of $6.50 and a 200-day moving average of $7.79.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be issued a $0.05 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 3.08%. LSI Industries’s dividend payout ratio (DPR) is presently 166.68%.
In other LSI Industries news, VP Howard E. Japlon bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average cost of $5.90 per share, for a total transaction of $59,000.00. Following the acquisition, the vice president now directly owns 18,500 shares of the company’s stock, valued at $109,150. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP James E. Galeese bought 16,700 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $6.01 per share, for a total transaction of $100,367.00. Following the completion of the acquisition, the vice president now directly owns 330 shares in the company, valued at $1,983.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 42,525 shares of company stock valued at $249,675. Company insiders own 6.37% of the company’s stock.
Several equities analysts have issued reports on the stock. Canaccord Genuity restated a “buy” rating and issued a $9.00 price objective on shares of LSI Industries in a research note on Thursday. Zacks Investment Research cut shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Roth Capital set a $6.00 price target on shares of LSI Industries and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, TheStreet cut shares of LSI Industries from a “b-” rating to a “c+” rating in a report on Thursday, August 10th.
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About LSI Industries
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.
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