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.
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)
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.