LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 6th will be given a dividend of 0.05 per share by the construction company on Tuesday, May 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, May 3rd.
LSI Industries has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LSI Industries to earn $1.13 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 17.7%.
LSI Industries Stock Performance
NASDAQ LYTS traded down $0.41 on Friday, hitting $14.77. 112,443 shares of the company traded hands, compared to its average volume of 105,096. The business's 50 day moving average price is $14.57 and its 200-day moving average price is $14.16. LSI Industries has a 52-week low of $11.44 and a 52-week high of $16.97. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $429.36 million, a price-to-earnings ratio of 16.18 and a beta of 0.85.
LSI Industries (NASDAQ:LYTS - Get Free Report) last released its earnings results on Thursday, January 25th. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.13. LSI Industries had a net margin of 5.71% and a return on equity of 14.91%. The company had revenue of $109.01 million during the quarter, compared to analyst estimates of $107.70 million. Equities analysts expect that LSI Industries will post 0.89 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Canaccord Genuity Group lifted their target price on LSI Industries from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Friday. StockNews.com upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 3rd. Finally, HC Wainwright reiterated a "buy" rating and issued a $20.00 price target on shares of LSI Industries in a research report on Monday.
Read Our Latest Stock Report on LSI Industries
LSI Industries Company Profile
(
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LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.
Further Reading
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