Somewhat Favorable News Coverage Somewhat Unlikely to Affect LSI Industries (LYTS) Stock Price

News stories about LSI Industries (NASDAQ:LYTS) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LSI Industries earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 46.513993389792 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:

Several analysts have commented on LYTS shares. Canaccord Genuity restated a “buy” rating and issued a $9.00 price objective on shares of LSI Industries in a report on Monday, August 7th. Zacks Investment Research lowered shares of LSI Industries from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. TheStreet lowered shares of LSI Industries from a “b-” rating to a “c+” rating in a report on Thursday, August 10th. Finally, Roth Capital lowered shares of LSI Industries to a “hold” rating and set a $6.00 price objective for the company. in a report on Thursday, August 17th.

Shares of LSI Industries (LYTS) traded up 4.98% during mid-day trading on Tuesday, reaching $6.95. 84,701 shares of the company’s stock traded hands. The firm has a market capitalization of $177.27 million, a price-to-earnings ratio of 58.90 and a beta of 1.64. LSI Industries has a 12-month low of $4.99 and a 12-month high of $10.68. The stock has a 50-day moving average price of $6.58 and a 200 day moving average price of $7.72.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, October 26th. The construction company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $87.47 million for the quarter, compared to the consensus estimate of $82.45 million. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.19%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. Analysts anticipate that LSI Industries will post $0.20 EPS for the current fiscal year.

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 paid 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 2.88%. LSI Industries’s dividend payout ratio is currently -38.46%.

In other LSI Industries news, VP Howard E. Japlon purchased 10,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was purchased at an average price of $5.90 per share, with a total value of $59,000.00. Following the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at $109,150. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP James E. Galeese purchased 9,025 shares of the stock in a transaction dated Monday, August 21st. The stock was acquired at an average cost of $5.53 per share, with a total value of $49,908.25. Following the transaction, the vice president now directly owns 824 shares in the company, valued at approximately $4,556.72. The disclosure for this purchase can be found here. Insiders bought a total of 42,525 shares of company stock valued at $249,675 in the last ninety days. Corporate insiders own 6.37% of the company’s stock.

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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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