LSI Industries Inc. (LYTS) Announces Quarterly Earnings Results

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.

Earnings History for LSI Industries (NASDAQ:LYTS)

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