LSI Industries (LYTS) to Release Quarterly Earnings on Thursday

LSI Industries (NASDAQ:LYTS) is set to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect LSI Industries to post earnings of $0.20 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, August 15th. The construction company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. LSI Industries had a net margin of 5.32% and a return on equity of 12.77%. The business had revenue of $129.01 million for the quarter, compared to analyst estimates of $127.28 million. On average, analysts expect LSI Industries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

LSI Industries Trading Down 0.1 %

LSI Industries stock opened at $16.49 on Thursday. LSI Industries has a 52 week low of $11.44 and a 52 week high of $17.33. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.16 and a current ratio of 2.05. The firm has a market capitalization of $480.35 million, a price-to-earnings ratio of 17.73 and a beta of 0.87. The company has a 50 day moving average price of $15.95 and a 200 day moving average price of $15.39.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.21%. LSI Industries’s dividend payout ratio is 21.51%.

Insider Activity

In related news, VP Thomas A. Caneris sold 9,748 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $142,028.36. Following the completion of the sale, the vice president now directly owns 98,656 shares in the company, valued at approximately $1,437,417.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other LSI Industries news, VP Thomas A. Caneris sold 9,748 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $142,028.36. Following the transaction, the vice president now directly owns 98,656 shares of the company’s stock, valued at $1,437,417.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James E. Galeese sold 8,824 shares of LSI Industries stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $14.57, for a total value of $128,565.68. Following the sale, the chief financial officer now owns 145,631 shares of the company’s stock, valued at approximately $2,121,843.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,903 shares of company stock worth $756,227 in the last ninety days. Corporate insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and issued a $20.00 target price on shares of LSI Industries in a report on Friday, August 16th.

About LSI Industries

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