LSI Industries, Inc. (NASDAQ:LYTS) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus price objective of $6.00 for the company and are anticipating that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given LSI Industries an industry rank of 54 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research raised LSI Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LYTS. Segall Bryant & Hamill LLC lifted its position in LSI Industries by 52.7% during the fourth quarter. Segall Bryant & Hamill LLC now owns 261,678 shares of the construction company’s stock worth $830,000 after buying an additional 90,318 shares during the period. Bank of New York Mellon Corp lifted its position in LSI Industries by 39.0% during the fourth quarter. Bank of New York Mellon Corp now owns 251,649 shares of the construction company’s stock worth $798,000 after buying an additional 70,628 shares during the period. Alambic Investment Management L.P. purchased a new position in LSI Industries during the fourth quarter worth about $214,000. Renaissance Technologies LLC lifted its position in LSI Industries by 11.7% during the first quarter. Renaissance Technologies LLC now owns 624,854 shares of the construction company’s stock worth $1,643,000 after buying an additional 65,424 shares during the period. Finally, WealthTrust Axiom LLC lifted its position in LSI Industries by 6.2% during the first quarter. WealthTrust Axiom LLC now owns 924,711 shares of the construction company’s stock worth $2,431,000 after buying an additional 54,109 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.
LYTS opened at $3.72 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.39 and a debt-to-equity ratio of 0.36. The firm has a market cap of $96.49 million, a P/E ratio of 16.91, a P/E/G ratio of 0.73 and a beta of 1.50. LSI Industries has a 52 week low of $2.48 and a 52 week high of $5.69.
LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). The company had revenue of $72.83 million for the quarter, compared to analyst estimates of $78.50 million. LSI Industries had a negative net margin of 6.01% and a positive return on equity of 1.06%. Equities analysts predict that LSI Industries will post 0.2 earnings per share for the current fiscal year.
LSI Industries Company Profile
LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.
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