LSI Industries Inc. (LYTS) Receives “Buy” Rating from Canaccord Genuity
Separately, Roth Capital initiated coverage on shares of LSI Industries in a report on Thursday, August 25th. They issued a buy rating and a $14.00 price target on the stock.
LSI Industries (NASDAQ:LYTS) opened at 11.20 on Thursday. The company’s 50 day moving average is $10.23 and its 200-day moving average is $11.23. The stock has a market cap of $279.75 million, a PE ratio of 30.27 and a beta of 1.50. LSI Industries has a 52-week low of $7.89 and a 52-week high of $13.45.
LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Thursday, August 18th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.03. LSI Industries had a net margin of 2.94% and a return on equity of 6.40%. The business earned $80.84 million during the quarter, compared to analysts’ expectations of $79.80 million. On average, equities analysts anticipate that LSI Industries will post $0.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Monday, August 29th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.79%. The ex-dividend date was Thursday, August 25th. LSI Industries’s dividend payout ratio (DPR) is 52.63%.
About LSI Industries
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.
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