Zacks: Analysts Expect LSI Industries Inc. (NASDAQ:LYTS) to Announce $0.12 Earnings Per Share

Wall Street analysts expect that LSI Industries Inc. (NASDAQ:LYTSGet Rating) will announce earnings per share (EPS) of $0.12 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for LSI Industries’ earnings. LSI Industries also reported earnings per share of $0.12 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 forecast that the company will report earnings of $0.65 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover LSI Industries.

LSI Industries (NASDAQ:LYTSGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ 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 last year, the business posted $0.06 EPS.

A number of brokerages have issued reports on LYTS. StockNews.com began coverage on shares of LSI Industries in a research note on Tuesday, April 19th. They set a “buy” rating on the stock. Canaccord Genuity Group upped their price target 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. 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. Zacks Investment Research lowered shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. Finally, HC Wainwright reiterated a “buy” rating on shares of LSI Industries in a research note on Friday, January 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $12.38.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in LSI Industries by 0.6% during the third quarter. Geode Capital Management LLC now owns 226,770 shares of the construction company’s stock worth $1,757,000 after buying an additional 1,302 shares in the last quarter. Invesco Ltd. boosted its holdings in LSI Industries by 3.6% during the third quarter. Invesco Ltd. now owns 40,195 shares of the construction company’s stock worth $312,000 after buying an additional 1,404 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in LSI Industries by 15.2% during the fourth 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 in the last quarter. Raymond James & Associates boosted its holdings in LSI Industries by 7.8% during the third quarter. Raymond James & Associates now owns 27,522 shares of the construction company’s stock worth $213,000 after buying an additional 2,000 shares in the last quarter. Finally, Penn Mutual Asset Management LLC boosted its holdings in LSI Industries by 7.8% during the third quarter. Penn Mutual Asset Management LLC now owns 40,840 shares of the construction company’s stock worth $324,000 after buying an additional 2,945 shares in the last quarter. 63.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LSI Industries stock opened at $7.19 on Friday. 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 12-month low of $5.71 and a 12-month high of $9.81. The firm has a market cap of $191.56 million, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 0.65 and a beta of 1.61. The company’s 50 day moving average is $6.30.

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

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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