LSI Industries Inc. (NASDAQ:LYTS) received a $13.00 target price from Canaccord Genuity in a research note issued on Friday. The firm currently has a a “neutral” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 28.97% from the stock’s previous close.
Separately, Roth Capital initiated coverage on LSI Industries in a report on Thursday, August 25th. They issued a “buy” rating and a $14.00 price objective for the company.
LSI Industries (NASDAQ:LYTS) traded up 3.522% during trading on Friday, reaching $10.435. The company’s stock had a trading volume of 74,810 shares. LSI Industries has a one year low of $7.89 and a one year high of $13.45. The stock has a 50-day moving average of $10.24 and a 200 day moving average of $11.23. The firm has a market capitalization of $260.65 million, a P/E ratio of 28.203 and a beta of 1.50.
LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, August 18th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The firm had revenue of $80.84 million for the quarter, compared to analysts’ expectations of $79.80 million. LSI Industries had a net margin of 2.94% and a return on equity of 6.40%. On average, equities research analysts predict that LSI Industries will post $0.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Monday, August 29th were issued a $0.05 dividend. The ex-dividend date was Thursday, August 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.98%. LSI Industries’s dividend payout ratio (DPR) is presently 52.63%.
LSI Industries Company Profile
LSI Industries Inc is a provider of corporate visual image solutions through the combination of digital and screen graphics capabilities, various indoor and outdoor lighting products, lighting control systems and related professional services. The Company operates through three segments: Lighting Segment, Graphics Segment and Technology Segment.
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