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

LSI Industries Inc. (NASDAQ:LYTS) declared a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.05 per share by the construction company on Tuesday, February 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, February 3rd.

LSI Industries has a dividend payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect LSI Industries to earn $1.33 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 15.0%.

LSI Industries Price Performance

NASDAQ LYTS traded down $2.64 on Friday, reaching $22.08. The company’s stock had a trading volume of 535,187 shares, compared to its average volume of 191,486. The firm has a market cap of $658.87 million, a PE ratio of 27.95 and a beta of 0.93. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. LSI Industries has a 52 week low of $13.35 and a 52 week high of $25.50. The business has a 50-day moving average price of $19.74 and a 200 day moving average price of $17.29.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.71% and a net margin of 4.88%. Sell-side analysts expect that LSI Industries will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LYTS. HC Wainwright increased their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday. Canaccord Genuity Group upped their price objective on shares of LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday.

LSI Industries Company Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.