LSI Industries Inc. (LYTS) Receives “Buy” Rating from Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of LSI Industries Inc. (NASDAQ:LYTS) in a report issued on Thursday. The brokerage currently has a $13.00 target price on the stock.

Separately, Roth Capital started coverage on shares of LSI Industries in a research report on Thursday, August 25th. They set a buy rating and a $14.00 price objective for the company.

LSI Industries (NASDAQ:LYTS) opened at 11.20 on Thursday. LSI Industries has a 12 month low of $7.89 and a 12 month high of $13.45. The firm has a market cap of $279.75 million, a price-to-earnings ratio of 30.27 and a beta of 1.50. The company’s 50-day moving average is $10.23 and its 200 day moving average is $11.23.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, August 18th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.03. The company had revenue of $80.84 million for the quarter, compared to analyst estimates 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 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Monday, August 29th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, August 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.79%. LSI Industries’s dividend payout ratio (DPR) is 52.63%.

About LSI Industries

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.

5 Day Chart for NASDAQ:LYTS

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