Equities research analysts predict that LSI Industries, Inc. (NASDAQ:LYTS) will report sales of $65.51 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for LSI Industries’ earnings. The highest sales estimate is $67.00 million and the lowest is $64.02 million. LSI Industries reported sales of $88.70 million during the same quarter last year, which would suggest a negative year over year growth rate of 26.1%. The firm is scheduled to announce its next earnings report on Wednesday, November 4th.
According to Zacks, analysts expect that LSI Industries will report full-year sales of $302.28 million for the current year, with estimates ranging from $292.00 million to $312.56 million. For the next year, analysts anticipate that the business will report sales of $361.25 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow LSI Industries.
LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, August 20th. The construction company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. LSI Industries had a return on equity of 2.59% and a net margin of 3.14%.
Separately, Zacks Investment Research cut LSI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 1st.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Systematic Financial Management LP lifted its stake in shares of LSI Industries by 0.6% in the 1st quarter. Systematic Financial Management LP now owns 807,955 shares of the construction company’s stock valued at $3,054,000 after acquiring an additional 4,488 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of LSI Industries by 72.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 212,790 shares of the construction company’s stock valued at $1,377,000 after acquiring an additional 89,274 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of LSI Industries by 6.9% in the 1st quarter. Geode Capital Management LLC now owns 198,960 shares of the construction company’s stock valued at $751,000 after acquiring an additional 12,881 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of LSI Industries by 53.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 185,025 shares of the construction company’s stock valued at $1,197,000 after acquiring an additional 64,434 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of LSI Industries by 2.4% in the 2nd quarter. Bank of America Corp DE now owns 119,112 shares of the construction company’s stock valued at $771,000 after acquiring an additional 2,754 shares during the last quarter. 70.83% of the stock is owned by institutional investors.
Shares of LYTS traded down $0.17 during midday trading on Thursday, reaching $6.46. The stock had a trading volume of 75,404 shares, compared to its average volume of 96,816. The company’s 50-day moving average is $6.50 and its 200 day moving average is $5.81. LSI Industries has a 12-month low of $2.50 and a 12-month high of $7.45. The company has a current ratio of 2.45, a quick ratio of 1.33 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $169.21 million, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 0.98 and a beta of 2.15.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, August 28th. LSI Industries’s dividend payout ratio (DPR) is presently 166.67%.
LSI Industries Company Profile
LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.
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