LSI Industries Inc. (NASDAQ:LYTS) Announces $0.05 Quarterly Dividend

LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Monday, May 6th will be given a dividend of 0.05 per share by the construction company on Tuesday, May 14th. This represents a $0.20 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, May 3rd.

LSI Industries has a payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect LSI Industries to earn $1.13 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 17.7%.

LSI Industries Stock Down 2.7 %

LSI Industries stock opened at $14.77 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.24 and a current ratio of 2.16. The firm has a market capitalization of $429.36 million, a price-to-earnings ratio of 15.88 and a beta of 0.85. LSI Industries has a fifty-two week low of $11.44 and a fifty-two week high of $16.97. The stock’s fifty day moving average is $14.57 and its two-hundred day moving average is $14.16.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, January 25th. The construction company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.13. The company had revenue of $109.01 million for the quarter, compared to analyst estimates of $107.70 million. LSI Industries had a return on equity of 14.93% and a net margin of 5.97%. Analysts predict that LSI Industries will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. HC Wainwright restated a “buy” rating and issued a $20.00 price objective on shares of LSI Industries in a research report on Monday, April 22nd. StockNews.com upgraded LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd. Finally, Canaccord Genuity Group upped their price objective on LSI Industries from $17.00 to $18.00 and gave the company a “buy” rating in a research report 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.