LSI Industries Inc. (NASDAQ:LYTS) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a one year consensus target price of $13.00 for the company and are predicting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also assigned LSI Industries an industry rank of 102 out of 265 based on the ratings given to related companies.
A number of research firms have recently issued reports on LYTS. Canaccord Genuity restated a “buy” rating and issued a $13.00 target price on shares of LSI Industries in a report on Thursday, September 29th. Roth Capital set a $12.00 price target on shares of LSI Industries and gave the stock a “buy” rating in a research note on Friday, October 28th. Finally, Zacks Investment Research downgraded shares of LSI Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, November 2nd.
Shares of LSI Industries (NASDAQ:LYTS) traded down 1.57% on Friday, hitting $10.00. The company’s stock had a trading volume of 15,102 shares. The stock’s 50 day moving average price is $9.79 and its 200 day moving average price is $10.63. The stock has a market capitalization of $250.14 million, a P/E ratio of 39.84 and a beta of 1.66. LSI Industries has a 52 week low of $8.12 and a 52 week high of $13.45.
LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, October 27th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.05. The business earned $84.16 million during the quarter, compared to analysts’ expectations of $85.65 million. LSI Industries had a net margin of 2.05% and a return on equity of 4.95%. On average, analysts forecast that LSI Industries will post $0.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, November 7th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, November 3rd. LSI Industries’s dividend payout ratio (DPR) is presently 76.93%.
Several institutional investors have recently bought and sold shares of LYTS. SECOR Capital Advisors LP acquired a new position in LSI Industries during the third quarter valued at approximately $272,000. Morgan Stanley increased its position in LSI Industries by 37.3% in the third quarter. Morgan Stanley now owns 51,906 shares of the company’s stock valued at $583,000 after buying an additional 14,098 shares during the last quarter. Northern Trust Corp increased its position in LSI Industries by 2.3% in the third quarter. Northern Trust Corp now owns 275,439 shares of the company’s stock valued at $3,093,000 after buying an additional 6,219 shares during the last quarter. California State Teachers Retirement System increased its position in LSI Industries by 0.8% in the third quarter. California State Teachers Retirement System now owns 50,265 shares of the company’s stock valued at $564,000 after buying an additional 400 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in LSI Industries by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 735,157 shares of the company’s stock valued at $8,256,000 after buying an additional 3,588 shares during the last quarter. 77.79% of the stock is currently owned by institutional investors and hedge funds.
LSI Industries Company Profile
LSI Industries Inc is a provider of corporate visual image solutions through the combination of digital and screen graphics capabilities, various indoor and outdoor lighting products, lighting control systems and related professional services. The Company operates through three segments: Lighting Segment, Graphics Segment and Technology Segment.