LSI Industries (NASDAQ:LYTS) posted its quarterly earnings results on Thursday. The construction company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.10, MarketWatch Earnings reports. LSI Industries had a net margin of 1.99% and a return on equity of 7.37%. During the same period last year, the business earned $0.08 earnings per share.
NASDAQ:LYTS traded up $0.18 during mid-day trading on Friday, reaching $7.25. The stock had a trading volume of 402 shares, compared to its average volume of 48,226. The business’s 50 day moving average is $6.81 and its 200 day moving average is $7.41. LSI Industries has a fifty-two week low of $5.96 and a fifty-two week high of $10.58. The stock has a market cap of $195.17 million, a P/E ratio of 28.08, a PEG ratio of 0.76 and a beta of 1.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.91 and a quick ratio of 0.99.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 23rd. Investors of record on Monday, November 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 12th. This represents a $0.20 dividend on an annualized basis and a yield of 2.76%. LSI Industries’s dividend payout ratio is currently 80.00%.
LYTS has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their price target on shares of LSI Industries from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research lowered shares of LSI Industries from a “hold” rating to a “sell” rating in a research report on Saturday, November 6th. assumed coverage on shares of LSI Industries in a research report on Tuesday, November 9th. They issued a “buy” rating for the company. Finally, Canaccord Genuity Group increased their price objective on LSI Industries from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $13.38.
A number of hedge funds have recently made changes to their positions in LYTS. Morgan Stanley grew its holdings in LSI Industries by 249.1% during the second quarter. Morgan Stanley now owns 25,939 shares of the construction company’s stock valued at $207,000 after purchasing an additional 18,508 shares during the last quarter. Invesco Ltd. grew its holdings in LSI Industries by 3.6% during the third quarter. Invesco Ltd. now owns 40,195 shares of the construction company’s stock valued at $312,000 after purchasing an additional 1,404 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in LSI Industries by 415.6% during the second quarter. Citadel Advisors LLC now owns 89,186 shares of the construction company’s stock valued at $714,000 after purchasing an additional 71,890 shares during the last quarter. Institutional investors own 63.62% of the company’s stock.
About LSI Industries
LSI Industries, Inc engages in the provision a variety of lighting solutions. It operates through the following business segments: Lighting and Graphics. The Lighting segment manufactures and markets outdoor and indoor lighting for the commercial, industrial and multi-site retail markets, including the petroleum or convenience store market.
See Also: Capital gains and your 401(k) or IRA
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider LSI Industries, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and LSI Industries wasn’t on the list.
While LSI Industries currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.