Shares of LSI Industries, Inc. (NASDAQ:LYTS) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating. LSI Industries’ rating score has improved by 50% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokerages have set a one year consensus target price of $8.60 for the company and are forecasting that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also assigned LSI Industries an industry rank of 200 out of 255 based on the ratings given to its competitors.
A number of brokerages have commented on LYTS. TheStreet cut shares of LSI Industries from a “c-” rating to a “d+” rating in a research note on Wednesday, August 15th. Zacks Investment Research upgraded shares of LSI Industries from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Finally, Roth Capital upgraded shares of LSI Industries from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Thursday, August 16th.
In other LSI Industries news, Director Robert Allan Steele purchased 10,000 shares of the business’s stock in a transaction on Monday, August 20th. The stock was purchased at an average price of $5.24 per share, for a total transaction of $52,400.00. Following the completion of the purchase, the director now directly owns 24,439 shares in the company, valued at $128,060.36. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert P. Beech purchased 5,000 shares of the business’s stock in a transaction on Friday, August 17th. The shares were acquired at an average price of $5.05 per share, with a total value of $25,250.00. Following the purchase, the director now owns 36,678 shares of the company’s stock, valued at $185,223.90. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 34,745 shares of company stock valued at $179,239. Corporate insiders own 6.37% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of LSI Industries in the second quarter valued at approximately $106,000. Trexquant Investment LP bought a new position in shares of LSI Industries in the second quarter valued at approximately $114,000. Tower Research Capital LLC TRC raised its stake in shares of LSI Industries by 4,561.5% in the second quarter. Tower Research Capital LLC TRC now owns 25,638 shares of the construction company’s stock valued at $137,000 after acquiring an additional 25,088 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of LSI Industries by 95.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,840 shares of the construction company’s stock valued at $161,000 after acquiring an additional 9,700 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new position in shares of LSI Industries in the second quarter valued at approximately $172,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.
Shares of NASDAQ LYTS traded up $0.06 during mid-day trading on Friday, hitting $4.75. The company had a trading volume of 1,580 shares, compared to its average volume of 87,274. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 2.61. LSI Industries has a 12 month low of $4.14 and a 12 month high of $8.88. The stock has a market cap of $119.75 million, a PE ratio of 21.59, a PEG ratio of 0.47 and a beta of 1.56.
LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, August 16th. The construction company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The business had revenue of $83.41 million during the quarter, compared to analysts’ expectations of $81.20 million. LSI Industries had a negative net margin of 5.71% and a positive return on equity of 4.02%. research analysts forecast that LSI Industries will post 0.4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Monday, August 27th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Friday, August 24th. LSI Industries’s dividend payout ratio is 90.91%.
LSI Industries Company Profile
LSI Industries, Inc provides corporate visual image solutions through the combination of digital and screen graphics capabilities, a variety of indoor and outdoor lighting products, lighting control systems, and related professional services. It operates through the following business segments: Lighting, Graphics, and Technology.
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