Brokerages Expect LSI Industries Inc. (NASDAQ:LYTS) to Post $0.12 Earnings Per Share

Brokerages expect LSI Industries Inc. (NASDAQ:LYTSGet Rating) to report earnings per share of $0.12 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for LSI Industries’ earnings. LSI Industries also reported earnings of $0.12 per share during the same quarter last year. The business is expected to report its next quarterly earnings results 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 year. For the next fiscal year, analysts expect that the firm will report earnings of $0.65 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow LSI Industries.

LSI Industries (NASDAQ:LYTSGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The construction company reported $0.15 earnings per share (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 earned $0.06 EPS.

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group increased their target price on shares of LSI Industries from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, January 28th. HC Wainwright reiterated a “buy” rating on shares of LSI Industries in a research report on Friday, January 28th. Zacks Investment Research cut shares of LSI Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Canaccord Genuity Group increased their target price on shares of LSI Industries from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, January 28th. Finally, StockNews.com initiated coverage on shares of LSI Industries in a research report on Tuesday, April 19th. They set a “buy” rating for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $12.38.

A number of institutional investors have recently added to or reduced their stakes in LYTS. Verition Fund Management LLC acquired a new stake in LSI Industries during the third quarter worth about $78,000. Victory Capital Management Inc. increased its position in shares of LSI Industries by 15.2% during the fourth quarter. Victory Capital Management Inc. now owns 11,548 shares of the construction company’s stock valued at $79,000 after acquiring an additional 1,526 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of LSI Industries during the third quarter valued at about $81,000. J.W. Cole Advisors Inc. acquired a new stake in shares of LSI Industries during the fourth quarter valued at about $117,000. Finally, Barclays PLC increased its position in shares of LSI Industries by 48.4% during the third quarter. Barclays PLC now owns 16,898 shares of the construction company’s stock valued at $131,000 after acquiring an additional 5,513 shares during the last quarter. Hedge funds and other institutional investors own 63.96% of the company’s stock.

Shares of NASDAQ LYTS opened at $7.19 on Friday. The firm has a 50-day simple moving average of $6.30. The firm has a market capitalization of $191.56 million, a PE ratio of 19.97, a price-to-earnings-growth ratio of 0.65 and a beta of 1.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.16 and a quick ratio of 1.10. LSI Industries has a 52 week low of $5.71 and a 52 week high of $9.81.

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

About LSI Industries (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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