Zacks: Analysts Anticipate LSI Industries Inc. (NASDAQ:LYTS) Will Announce Quarterly Sales of $105.77 Million

Wall Street brokerages expect LSI Industries Inc. (NASDAQ:LYTSGet Rating) to post $105.77 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for LSI Industries’ earnings, with estimates ranging from $97.50 million to $114.04 million. LSI Industries reported sales of $97.02 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The company is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that LSI Industries will report full-year sales of $433.40 million for the current year, with estimates ranging from $425.10 million to $441.69 million. For the next financial year, analysts forecast that the business will post sales of $451.93 million, with estimates ranging from $445.00 million to $458.85 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for LSI Industries.

LSI Industries (NASDAQ:LYTSGet Rating) last posted its earnings results on Thursday, April 28th. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. LSI Industries had a net margin of 2.37% and a return on equity of 9.89%. The company had revenue of $110.11 million during the quarter, compared to the consensus estimate of $94.18 million. During the same period in the previous year, the firm posted $0.06 earnings per share.

LYTS has been the subject of several analyst reports. StockNews.com upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. TheStreet upgraded LSI Industries from a “c+” rating to a “b-” rating in a research report on Tuesday, May 10th. Canaccord Genuity Group boosted their price objective on LSI Industries from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, January 28th. Zacks Investment Research upgraded LSI Industries from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Friday, May 6th. Finally, HC Wainwright reissued a “buy” rating on shares of LSI Industries in a report on Friday, January 28th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $12.75.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley lifted its stake in LSI Industries by 249.1% in the 2nd quarter. Morgan Stanley now owns 25,939 shares of the construction company’s stock worth $207,000 after purchasing an additional 18,508 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of LSI Industries by 415.6% in the second quarter. Citadel Advisors LLC now owns 89,186 shares of the construction company’s stock valued at $714,000 after purchasing an additional 71,890 shares during the last quarter. Raymond James & Associates lifted its position 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. Russell Investments Group Ltd. boosted its stake in LSI Industries by 29.1% during the third quarter. Russell Investments Group Ltd. now owns 24,470 shares of the construction company’s stock worth $189,000 after buying an additional 5,509 shares during the last quarter. Finally, Barclays PLC grew its holdings in LSI Industries by 48.4% in the 3rd quarter. Barclays PLC now owns 16,898 shares of the construction company’s stock valued at $131,000 after buying an additional 5,513 shares in the last quarter. Hedge funds and other institutional investors own 63.96% of the company’s stock.

Shares of NASDAQ:LYTS opened at $6.75 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.58. LSI Industries has a 12-month low of $5.71 and a 12-month high of $9.81. The business has a 50 day moving average of $6.43 and a two-hundred day moving average of $6.79. The company has a market capitalization of $179.96 million, a PE ratio of 18.75, a PEG ratio of 0.60 and a beta of 1.34.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 17th. Stockholders of record on Monday, May 9th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, May 6th. LSI Industries’s dividend payout ratio (DPR) is 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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