Zacks: LSI Industries, Inc. (NASDAQ:LYTS) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of LSI Industries, Inc. (NASDAQ:LYTS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price target of $6.00 for the company and are expecting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned LSI Industries an industry rank of 8 out of 255 based on the ratings given to related companies.

A number of research analysts have issued reports on the company. ValuEngine cut LSI Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 24th.

Shares of LYTS traded up $0.13 during mid-day trading on Friday, reaching $6.09. The company had a trading volume of 117,136 shares, compared to its average volume of 68,748. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.38 and a quick ratio of 1.43. The company has a market capitalization of $158.99 million, a P/E ratio of 152.25, a P/E/G ratio of 0.87 and a beta of 1.37. LSI Industries has a twelve month low of $2.48 and a twelve month high of $6.20. The company’s 50-day moving average is $5.37 and its 200-day moving average is $4.47.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. LSI Industries had a negative return on equity of 0.16% and a negative net margin of 4.09%. The business had revenue of $88.70 million for the quarter, compared to analyst estimates of $85.00 million. As a group, equities analysts expect that LSI Industries will post 0.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Friday, November 15th. LSI Industries’s dividend payout ratio is currently 500.00%.

A number of large investors have recently added to or reduced their stakes in LYTS. Vanguard Group Inc. increased its holdings in shares of LSI Industries by 58.6% during the second quarter. Vanguard Group Inc. now owns 1,174,721 shares of the construction company’s stock worth $4,287,000 after buying an additional 434,017 shares in the last quarter. WealthTrust Axiom LLC increased its holdings in LSI Industries by 1.0% during the 2nd quarter. WealthTrust Axiom LLC now owns 933,665 shares of the construction company’s stock valued at $3,407,000 after purchasing an additional 8,954 shares in the last quarter. Systematic Financial Management LP increased its holdings in LSI Industries by 0.4% during the 3rd quarter. Systematic Financial Management LP now owns 796,897 shares of the construction company’s stock valued at $4,160,000 after purchasing an additional 2,877 shares in the last quarter. Renaissance Technologies LLC increased its holdings in LSI Industries by 11.3% during the 2nd quarter. Renaissance Technologies LLC now owns 695,745 shares of the construction company’s stock valued at $2,539,000 after purchasing an additional 70,891 shares in the last quarter. Finally, Adirondack Research & Management Inc. raised its position in LSI Industries by 1.2% in the 3rd quarter. Adirondack Research & Management Inc. now owns 409,837 shares of the construction company’s stock valued at $2,139,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 60.66% of the company’s stock.

About LSI Industries

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.

See Also: Return on Investment (ROI)

Get a free copy of the Zacks research report on LSI Industries (LYTS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for LSI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSI Industries and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit