LSI Industries, Inc. (NASDAQ:LYTS) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokerages have set a 1-year consensus price target of $8.00 for the company and are expecting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also assigned LSI Industries an industry rank of 71 out of 265 based on the ratings given to related companies.
Several analysts have recently issued reports on the company. Zacks Investment Research raised LSI Industries from a “sell” rating to a “buy” rating and set a $9.25 price objective on the stock in a report on Wednesday. Roth Capital reissued a “hold” rating and set a $8.00 target price on shares of LSI Industries in a research report on Friday, January 26th. Finally, Canaccord Genuity boosted their target price on LSI Industries from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th.
Shares of LSI Industries (NASDAQ LYTS) traded down $0.04 on Thursday, hitting $7.90. The stock had a trading volume of 104,199 shares, compared to its average volume of 94,259. The stock has a market cap of $205.82, a PE ratio of -12.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.68. LSI Industries has a twelve month low of $4.99 and a twelve month high of $10.68. The company has a quick ratio of 1.45, a current ratio of 2.64 and a debt-to-equity ratio of 0.36.
LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, January 25th. The construction company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.05. The business had revenue of $92.30 million for the quarter, compared to analysts’ expectations of $88.85 million. LSI Industries had a positive return on equity of 3.80% and a negative net margin of 4.96%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts expect that LSI Industries will post 0.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Monday, February 5th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, February 2nd. LSI Industries’s dividend payout ratio is currently -30.30%.
In related news, VP Howard E. Japlon bought 5,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $6.88 per share, with a total value of $34,400.00. Following the transaction, the vice president now owns 23,500 shares in the company, valued at approximately $161,680. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP James E. Galeese bought 7,641 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were bought at an average cost of $6.54 per share, for a total transaction of $49,972.14. Following the transaction, the vice president now owns 2,379 shares in the company, valued at approximately $15,558.66. The disclosure for this purchase can be found here. Insiders own 6.37% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. bought a new position in shares of LSI Industries during the 2nd quarter valued at approximately $152,000. Citadel Advisors LLC bought a new position in shares of LSI Industries during the 3rd quarter valued at approximately $112,000. PNC Financial Services Group Inc. increased its position in shares of LSI Industries by 118.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,739 shares of the construction company’s stock valued at $159,000 after purchasing an additional 9,600 shares during the last quarter. SG Americas Securities LLC bought a new position in LSI Industries in the 4th quarter valued at $139,000. Finally, Russell Investments Group Ltd. grew its position in LSI Industries by 1.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,000 shares of the construction company’s stock valued at $200,000 after acquiring an additional 370 shares during the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.
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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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