LSI Industries (LYTS) Set to Announce Earnings on Thursday

LSI Industries (NASDAQ:LYTSGet Rating) will release its earnings data before the market opens on Thursday, January 26th. Analysts expect LSI Industries to post earnings of $0.18 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

LSI Industries (NASDAQ:LYTSGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The construction company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. LSI Industries had a net margin of 3.82% and a return on equity of 13.63%. The business had revenue of $127.07 million for the quarter, compared to analyst estimates of $117.89 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 Price Performance

NASDAQ LYTS opened at $13.11 on Wednesday. LSI Industries has a 12 month low of $5.41 and a 12 month high of $13.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.13 and a quick ratio of 1.13. The firm has a market capitalization of $364.16 million, a PE ratio of 20.48 and a beta of 1.11. The company’s 50 day simple moving average is $12.04 and its 200 day simple moving average is $9.12.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Monday, November 14th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $0.20 annualized dividend and a yield of 1.53%. LSI Industries’s dividend payout ratio (DPR) is 31.25%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in LSI Industries by 9.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 23,887 shares of the construction company’s stock worth $143,000 after acquiring an additional 2,137 shares during the period. Royal Bank of Canada raised its holdings in LSI Industries by 5.7% in the 3rd quarter. Royal Bank of Canada now owns 59,250 shares of the construction company’s stock worth $456,000 after acquiring an additional 3,200 shares during the period. State Street Corp increased its holdings in shares of LSI Industries by 4.8% during the 1st quarter. State Street Corp now owns 102,524 shares of the construction company’s stock worth $615,000 after purchasing an additional 4,728 shares during the period. First Republic Investment Management Inc. increased its holdings in shares of LSI Industries by 5.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 104,081 shares of the construction company’s stock worth $642,000 after purchasing an additional 4,981 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of LSI Industries by 20.2% during the 3rd quarter. Two Sigma Investments LP now owns 43,176 shares of the construction company’s stock worth $332,000 after purchasing an additional 7,262 shares during the period. Institutional investors own 59.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Craig Hallum assumed coverage on shares of LSI Industries in a research report on Monday, January 9th. They set a “buy” rating and a $18.00 price objective on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $9.00 target price on shares of LSI Industries in a research note on Friday, October 21st. StockNews.com initiated coverage on shares of LSI Industries in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Finally, Canaccord Genuity Group lifted their price objective on shares of LSI Industries from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, November 4th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, LSI Industries has a consensus rating of “Buy” and an average target price of $13.00.

About LSI Industries

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LSI Industries, Inc engages in the provision a variety of lighting solutions. It operates through the following business segments: Lighting and Graphics. The Lighting segment manufactures and markets outdoor and indoor lighting for the commercial, industrial and multi-site retail markets, including the petroleum or convenience store market.

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Earnings History for LSI Industries (NASDAQ:LYTS)

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