LSI Industries, Inc. (NASDAQ:LYTS) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $8.60 for the company and are anticipating that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given LSI Industries an industry rank of 225 out of 257 based on the ratings given to its competitors.
Several analysts have commented on the stock. Roth Capital raised shares of LSI Industries from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Thursday, August 16th. TheStreet cut shares of LSI Industries from a “c-” rating to a “d+” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research lowered shares of LSI Industries from a “hold” rating to a “sell” rating in a research report on Friday, November 9th.
LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). LSI Industries had a positive return on equity of 4.38% and a negative net margin of 0.64%. The company had revenue of $84.96 million during the quarter, compared to analyst estimates of $90.00 million. As a group, research analysts anticipate that LSI Industries will post 0.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Friday, November 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, November 15th. LSI Industries’s dividend payout ratio (DPR) is 90.91%.
In other news, Director Gary P. Kreider sold 11,352 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $4.53, for a total value of $51,424.56. Following the transaction, the director now owns 26,529 shares in the company, valued at approximately $120,176.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have acquired 9,114 shares of company stock worth $43,538 and have sold 18,556 shares worth $84,114. 2.86% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in LYTS. Jane Street Group LLC purchased a new position in shares of LSI Industries in the second quarter valued at $106,000. Trexquant Investment LP bought a new stake in shares of LSI Industries during the second quarter worth $114,000. Tower Research Capital LLC TRC lifted its position in shares of LSI Industries by 4,561.5% during the second quarter. Tower Research Capital LLC TRC now owns 25,638 shares of the construction company’s stock worth $137,000 after purchasing an additional 25,088 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in shares of LSI Industries during the second quarter worth $172,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of LSI Industries during the second quarter worth $185,000. 68.64% of the stock is owned by institutional investors and hedge funds.
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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