Shares of LSI Industries Inc. (NASDAQ:LYTS) have been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. LSI Industries’ rating score has improved by 33.3% from three months ago as a result of various analysts’ ratings changes.

Brokers have set a 12 month consensus price objective of $9.27 for the company and are forecasting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also assigned LSI Industries an industry rank of 245 out of 265 based on the ratings given to related companies.

Several equities analysts recently commented on LYTS shares. Zacks Investment Research downgraded shares of LSI Industries from a “buy” rating to a “sell” rating in a report on Thursday, December 28th. Singular Research started coverage on shares of LSI Industries in a report on Friday, February 2nd. They set a “buy” rating and a $9.80 price target on the stock. Roth Capital reiterated a “hold” rating and set a $8.00 price target on shares of LSI Industries in a report on Friday, January 26th. Finally, Canaccord Genuity upped their price target on shares of LSI Industries from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 24th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LYTS. JPMorgan Chase & Co. boosted its stake in shares of LSI Industries by 218.7% during the third quarter. JPMorgan Chase & Co. now owns 102,746 shares of the construction company’s stock valued at $681,000 after purchasing an additional 70,510 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of LSI Industries by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,851,348 shares of the construction company’s stock valued at $12,237,000 after purchasing an additional 23,486 shares in the last quarter. OxFORD Asset Management LLP bought a new position in shares of LSI Industries during the third quarter valued at approximately $271,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of LSI Industries by 41.8% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 104,478 shares of the construction company’s stock valued at $690,000 after purchasing an additional 30,800 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. bought a new position in shares of LSI Industries during the third quarter valued at approximately $302,000. Hedge funds and other institutional investors own 73.60% of the company’s stock.

Shares of NASDAQ LYTS traded down $0.10 during mid-day trading on Thursday, hitting $7.71. 46,745 shares of the company’s stock traded hands, compared to its average volume of 89,096. The company has a current ratio of 2.71, a quick ratio of 1.57 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $199.74, a price-to-earnings ratio of 40.68, a P/E/G ratio of 1.25 and a beta of 1.67. LSI Industries has a 1 year low of $4.99 and a 1 year high of $10.00.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, January 25th. The construction company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $92.30 million for the quarter, compared to analysts’ expectations of $88.85 million. LSI Industries had a negative net margin of 4.96% and a positive return on equity of 3.88%. LSI Industries’s quarterly revenue was up 7.7% compared to the same quarter last year. equities analysts predict that LSI Industries will post 0.25 EPS for the current fiscal year.

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About LSI Industries

LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

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