LSI Industries (NASDAQ:LYTS) Issues Earnings Results

LSI Industries (NASDAQ:LYTS) posted its quarterly earnings data on Thursday. The construction company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02), Zacks reports. LSI Industries had a return on equity of 11.71% and a net margin of 4.88%.

LSI Industries Trading Down 10.7 %

Shares of LYTS opened at $22.08 on Friday. LSI Industries has a 52-week low of $13.35 and a 52-week high of $25.50. The business’s fifty day moving average is $19.87 and its 200-day moving average is $17.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 2.08. The firm has a market cap of $658.87 million, a price-to-earnings ratio of 27.95 and a beta of 0.93.

LSI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.91%. LSI Industries’s payout ratio is 25.32%.

Analyst Ratings Changes

A number of research firms have commented on LYTS. Canaccord Genuity Group raised their price objective on LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday. HC Wainwright raised their price objective on LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday.

LSI Industries Company Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.