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

by · The Cerbat Gem

LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) announced 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) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, February 2nd.

LSI Industries has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ LYTS opened at $23.25 on Friday. LSI Industries has a fifty-two week low of $13.77 and a fifty-two week high of $25.50. The stock has a market cap of $722.84 million, a price-to-earnings ratio of 29.06 and a beta of 0.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.36 and a current ratio of 2.19. The firm’s 50-day simple moving average is $18.83 and its 200 day simple moving average is $20.30.

LSI Industries (NASDAQ:LYTS – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $147.00 million during the quarter, compared to analyst estimates of $140.11 million. LSI Industries had a return on equity of 10.96% and a net margin of 4.21%. As a group, research analysts anticipate that LSI Industries will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Wall Street Zen downgraded shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of LSI Industries in a report on Monday, December 29th. Finally, Canaccord Genuity Group raised their price target on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

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LSI Industries Company Profile

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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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