LSI Industries Inc. (LYTS) Receives Buy Rating from Canaccord Genuity
Several other equities analysts have also weighed in on the company. Zacks Investment Research lowered LSI Industries from a hold rating to a sell rating in a report on Wednesday, November 2nd. Roth Capital set a $12.00 price target on LSI Industries and gave the stock a buy rating in a report on Friday, October 28th.
LSI Industries (NASDAQ:LYTS) traded down 0.21% during trading on Wednesday, hitting $9.73. The stock had a trading volume of 26,758 shares. The company has a 50-day moving average of $9.95 and a 200-day moving average of $10.73. The stock has a market capitalization of $243.39 billion, a P/E ratio of 37.42 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 announced its quarterly earnings data on Thursday, October 27th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.05. LSI Industries had a net margin of 2.05% and a return on equity of 4.95%. The firm had revenue of $84.16 million for the quarter, compared to the consensus estimate of $85.65 million. On average, equities analysts expect that LSI Industries will post $0.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, November 7th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 2.05%. LSI Industries’s payout ratio is 76.93%.
A number of large investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. purchased a new stake in LSI Industries during the third quarter worth $128,000. The Manufacturers Life Insurance Company bought a new position in LSI Industries during the third quarter valued at approximately $215,000. SECOR Capital Advisors LP bought a new position in LSI Industries during the third quarter valued at approximately $272,000. Rhumbline Advisers increased its position in LSI Industries by 1.2% in the third quarter. Rhumbline Advisers now owns 29,166 shares of the company’s stock valued at $328,000 after buying an additional 360 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in LSI Industries by 14.6% in the third quarter. Teachers Advisors LLC now owns 43,328 shares of the company’s stock valued at $487,000 after buying an additional 5,520 shares in the last quarter. Institutional investors and hedge funds own 77.92% of the company’s stock.
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.
Receive News & Stock Ratings for LSI Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSI Industries Inc. and related stocks with our FREE daily email newsletter.