LSI Industries Inc. (NASDAQ:LYTS) Announces $0.05 Quarterly Dividend

LSI Industries Inc. (NASDAQ:LYTS) declared a quarterly dividend on Thursday, January 22nd. Stockholders of record on Monday, February 2nd will be given a dividend of 0.05 per share by the construction company on Tuesday, February 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, February 2nd.

LSI Industries has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Analysts expect LSI Industries to earn $1.01 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 19.8%.

LSI Industries Stock Performance

Shares of NASDAQ:LYTS traded up $2.87 during mid-day trading on Thursday, reaching $23.25. 341,743 shares of the company traded hands, compared to its average volume of 141,410. The company’s 50 day moving average price is $18.73 and its 200-day moving average price is $20.27. The firm has a market cap of $722.84 million, a PE ratio of 29.06 and a beta of 0.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.19 and a quick ratio of 1.36. LSI Industries has a 52 week low of $13.77 and a 52 week high of $25.50.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, January 22nd. The construction company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $147.00 million for the quarter, compared to analysts’ expectations of $140.11 million. LSI Industries had a net margin of 4.21% and a return on equity of 10.96%. On average, equities analysts expect that LSI Industries will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a report on Monday, December 29th. Finally, Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, LSI Industries has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.