LSI Industries (NASDAQ:LYTS) Announces Earnings Results, Misses Expectations By $0.02 EPS

LSI Industries (NASDAQ:LYTS) issued its quarterly earnings data on Thursday. The construction company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02), Zacks reports. LSI Industries had a return on equity of 11.71% and a net margin of 4.88%.

LSI Industries Stock Down 10.7 %

Shares of LYTS opened at $22.08 on Friday. The company has a market capitalization of $658.87 million, a PE ratio of 27.95 and a beta of 0.93. LSI Industries has a 12 month low of $13.35 and a 12 month high of $25.50. The stock’s 50-day moving average price is $19.87 and its two-hundred day moving average price is $17.40. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Monday, February 3rd. LSI Industries’s payout ratio is presently 25.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group boosted their price objective on LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday. HC Wainwright lifted their target price on LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Friday.

LSI Industries Company Profile

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.