LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) declared a quarterly dividend on Wednesday, August 19th. Investors of record on Monday, August 31st will be paid a dividend of 0.05 per share by the construction company on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, August 31st.
LSI Industries has a payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Analysts expect LSI Industries to earn $1.43 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 14.0%.
LSI Industries Price Performance
Shares of NASDAQ:LYTS opened at $19.71 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86. LSI Industries has a 1-year low of $17.20 and a 1-year high of $27.36. The company has a market capitalization of $723.55 million, a P/E ratio of 29.42 and a beta of 0.56. The firm’s 50 day simple moving average is $24.03 and its two-hundred day simple moving average is $22.61.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on LYTS shares. Morgan Stanley set a $30.00 price objective on LSI Industries in a research report on Friday, August 21st. Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. HC Wainwright reissued a “buy” rating on shares of LSI Industries in a research note on Friday, August 21st. Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Oppenheimer dropped their price target on LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.
Check Out Our Latest Stock Report on LSI Industries
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.
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