LSI Industries (NASDAQ:LYTS) Now Covered by StockNews.com

StockNews.com began coverage on shares of LSI Industries (NASDAQ:LYTSGet Rating) in a report released on Monday. The firm set a “buy” rating on the construction company’s stock.

A number of other equities research analysts have also issued reports on the stock. Canaccord Genuity Group upped their target price on shares of LSI Industries from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, January 28th. HC Wainwright reaffirmed a “buy” rating on shares of LSI Industries in a report on Friday, January 28th. Zacks Investment Research lowered shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Finally, Canaccord Genuity Group upped their price objective on shares of LSI Industries from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, January 28th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $12.10.

Shares of NASDAQ LYTS opened at $5.90 on Monday. The firm has a market cap of $157.19 million, a PE ratio of 21.07, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. LSI Industries has a 12 month low of $5.71 and a 12 month high of $9.81. The stock’s 50 day moving average price is $6.59. The company has a quick ratio of 1.10, a current ratio of 2.16 and a debt-to-equity ratio of 0.61.

LSI Industries (NASDAQ:LYTSGet Rating) last released its quarterly earnings results on Thursday, January 27th. The construction company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. LSI Industries had a net margin of 2.04% and a return on equity of 8.09%. The firm had revenue of $111.14 million for the quarter, compared to analysts’ expectations of $96.25 million. During the same quarter last year, the company earned $0.08 EPS. On average, equities analysts forecast that LSI Industries will post 0.44 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in LSI Industries by 0.6% in the third quarter. Geode Capital Management LLC now owns 226,770 shares of the construction company’s stock valued at $1,757,000 after buying an additional 1,302 shares during the last quarter. Invesco Ltd. lifted its position in LSI Industries by 3.6% in the third quarter. Invesco Ltd. now owns 40,195 shares of the construction company’s stock valued at $312,000 after buying an additional 1,404 shares during the last quarter. Victory Capital Management Inc. lifted its position in LSI Industries by 15.2% in the fourth quarter. Victory Capital Management Inc. now owns 11,548 shares of the construction company’s stock valued at $79,000 after buying an additional 1,526 shares during the last quarter. Raymond James & Associates lifted its position in LSI Industries by 7.8% in the third quarter. Raymond James & Associates now owns 27,522 shares of the construction company’s stock valued at $213,000 after buying an additional 2,000 shares during the last quarter. Finally, Penn Mutual Asset Management LLC lifted its position in LSI Industries by 7.8% in the third quarter. Penn Mutual Asset Management LLC now owns 40,840 shares of the construction company’s stock valued at $324,000 after buying an additional 2,945 shares during the last quarter. 63.57% of the stock is currently owned by institutional investors.

LSI Industries Company Profile (Get Rating)

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

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