LSI Industries, Inc. (NASDAQ:LYTS) declared a quarterly dividend on Wednesday, November 7th, Wall Street Journal reports. Investors of record on Friday, November 16th will be paid a dividend of 0.05 per share by the construction company on Tuesday, November 27th. This represents a $0.20 annualized dividend and a yield of 4.50%. The ex-dividend date is Thursday, November 15th.
LSI Industries has increased its dividend payment by an average of 1.7% per year over the last three years. LSI Industries has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect LSI Industries to earn $0.50 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 40.0%.
Shares of NASDAQ LYTS opened at $4.44 on Friday. The firm has a market cap of $118.81 million, a P/E ratio of 20.18, a P/E/G ratio of 0.65 and a beta of 1.35. LSI Industries has a 12-month low of $3.98 and a 12-month high of $8.88. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 2.61.
LSI Industries (NASDAQ:LYTS) last issued its earnings results on Tuesday, November 6th. The construction company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). LSI Industries had a positive return on equity of 4.38% and a negative net margin of 0.64%. The company had revenue of $84.96 million for the quarter, compared to the consensus estimate of $90.00 million. Equities research analysts predict that LSI Industries will post 0.28 earnings per share for the current fiscal year.
A number of research analysts have weighed in on LYTS shares. Roth Capital raised shares of LSI Industries from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Thursday, August 16th. TheStreet lowered shares of LSI Industries from a “c-” rating to a “d+” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research lowered shares of LSI Industries from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.76.
In other LSI Industries news, VP James E. Galeese acquired 9,745 shares of the company’s stock in a transaction on Friday, August 17th. The shares were purchased at an average cost of $5.14 per share, with a total value of $50,089.30. Following the completion of the purchase, the vice president now owns 16,660 shares of the company’s stock, valued at $85,632.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary P. Kreider sold 11,352 shares of the firm’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $4.53, for a total transaction of $51,424.56. Following the completion of the transaction, the director now directly owns 26,529 shares in the company, valued at $120,176.37. The disclosure for this sale can be found here. Insiders acquired 38,071 shares of company stock worth $194,240 over the last ninety days. Insiders own 2.86% of the company’s stock.
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About LSI Industries
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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