LSI Industries Inc. (LYTS) To Go Ex-Dividend on August 24th
LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Thursday, August 17th, Fidelity reports. Stockholders of record on Monday, August 28th will be paid a dividend of 0.05 per share by the construction company on Wednesday, September 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, August 24th.
Shares of LSI Industries (NASDAQ:LYTS) opened at 5.65 on Wednesday. The stock has a 50 day moving average of $7.71 and a 200-day moving average of $8.95. LSI Industries has a 52 week low of $4.99 and a 52 week high of $11.55. The firm has a market cap of $145.23 million, a price-to-earnings ratio of 47.88 and a beta of 1.56.
LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, August 17th. The construction company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.01. LSI Industries had a net margin of 0.91% and a return on equity of 3.15%. The company had revenue of $83.42 million during the quarter, compared to analyst estimates of $86.55 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts expect that LSI Industries will post $0.20 earnings per share for the current year.
In other news, VP James E. Galeese acquired 16,700 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $6.01 per share, for a total transaction of $100,367.00. Following the purchase, the vice president now owns 330 shares of the company’s stock, valued at approximately $1,983.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP James E. Galeese acquired 9,025 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $5.53 per share, for a total transaction of $49,908.25. Following the completion of the purchase, the vice president now directly owns 824 shares in the company, valued at approximately $4,556.72. The disclosure for this purchase can be found here. Insiders have bought a total of 32,525 shares of company stock worth $190,675 over the last quarter. Company insiders own 5.36% of the company’s stock.
Several research firms have issued reports on LYTS. Canaccord Genuity restated a “buy” rating and set a $9.00 price target on shares of LSI Industries in a report on Monday, August 7th. Zacks Investment Research downgraded shares of LSI Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. TheStreet downgraded shares of LSI Industries from a “b-” rating to a “c+” rating in a research report on Thursday, August 10th. Finally, Roth Capital downgraded shares of LSI Industries to a “hold” rating and set a $6.00 price objective for the company. in a research report on Thursday, August 17th.
LSI Industries Company Profile
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.
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