$0.12 Earnings Per Share Expected for LSI Industries Inc. (NASDAQ:LYTS) This Quarter

Wall Street brokerages expect LSI Industries Inc. (NASDAQ:LYTS – Get Rating) to report earnings per share of $0.12 for the current quarter, Zacks reports. Two analysts have provided estimates for LSI Industries’ earnings. LSI Industries also reported earnings per share of $0.12 in the same quarter last year. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that LSI Industries will report full-year earnings of $0.50 per share for the current fiscal year. For the next year, analysts forecast that the business will post earnings of $0.65 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for LSI Industries.

LSI Industries (NASDAQ:LYTS – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The construction company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.09. LSI Industries had a net margin of 2.37% and a return on equity of 10.03%. During the same quarter in the prior year, the business posted $0.06 EPS.

Several brokerages recently issued reports on LYTS. StockNews.com initiated coverage on LSI Industries in a research note on Tuesday, April 19th. They issued a “buy” rating on the stock. Zacks Investment Research cut LSI Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. HC Wainwright reissued a “buy” rating on shares of LSI Industries in a report on Friday, January 28th. Canaccord Genuity Group lifted their price objective on shares of LSI Industries from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, January 28th. Finally, Canaccord Genuity Group increased their price objective on shares of LSI Industries from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, January 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $12.38.

LYTS opened at $7.19 on Friday. LSI Industries has a 12-month low of $5.71 and a 12-month high of $9.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.10 and a current ratio of 2.16. The business has a 50 day simple moving average of $6.30. The stock has a market capitalization of $191.56 million, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 0.65 and a beta of 1.61.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 17th. Investors of record on Monday, May 9th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, May 6th. LSI Industries’s payout ratio is presently 55.56%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Verition Fund Management LLC purchased a new stake in shares of LSI Industries during the third quarter worth about $78,000. Squarepoint Ops LLC purchased a new position in LSI Industries in the 3rd quarter valued at about $81,000. Victory Capital Management Inc. boosted its holdings in LSI Industries by 15.2% in the 4th quarter. Victory Capital Management Inc. now owns 11,548 shares of the construction company’s stock worth $79,000 after buying an additional 1,526 shares during the last quarter. Barclays PLC increased its stake in LSI Industries by 48.4% during the 3rd quarter. Barclays PLC now owns 16,898 shares of the construction company’s stock worth $131,000 after buying an additional 5,513 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of LSI Industries during the fourth quarter valued at approximately $117,000. 63.96% of the stock is currently owned by institutional investors and hedge funds.

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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