LSI Industries (LYTS) Receiving Somewhat Positive Press Coverage, Report Shows
News headlines about LSI Industries (NASDAQ:LYTS) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. LSI Industries earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 45.7262519415934 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research firms have weighed in on LYTS. Zacks Investment Research upgraded shares of LSI Industries from a “sell” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Wednesday, October 4th. Roth Capital set a $6.00 price target on shares of LSI Industries and gave the company a “hold” rating in a research note on Friday, October 6th. TheStreet cut shares of LSI Industries from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th. Finally, Canaccord Genuity restated a “buy” rating and set a $9.00 price target on shares of LSI Industries in a research note on Thursday, October 26th.
Shares of LSI Industries (NASDAQ LYTS) traded down $0.31 during mid-day trading on Monday, hitting $6.68. 89,600 shares of the company were exchanged, compared to its average volume of 95,513. The stock has a market cap of $172.29, a PE ratio of 33.40, a P/E/G ratio of 1.34 and a beta of 1.68. The company has a quick ratio of 1.45, a current ratio of 2.64 and a debt-to-equity ratio of 0.36. LSI Industries has a 12 month low of $4.99 and a 12 month high of $10.68.
LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Thursday, October 26th. The construction company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. The company had revenue of $87.47 million for the quarter, compared to analysts’ expectations of $82.45 million. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.27%. LSI Industries’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. sell-side analysts anticipate that LSI Industries will post 0.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, November 6th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Friday, November 3rd. LSI Industries’s payout ratio is currently -38.46%.
In other LSI Industries news, VP Howard E. Japlon purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $5.90 per share, for a total transaction of $59,000.00. Following the purchase, the vice president now owns 18,500 shares of the company’s stock, valued at approximately $109,150. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.37% of the company’s stock.
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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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