Wall Street brokerages predict that LSI Industries Inc. (NASDAQ:LYTS) will announce sales of $99.27 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for LSI Industries’ earnings, with estimates ranging from $93.30 million to $105.24 million. LSI Industries posted sales of $70.01 million in the same quarter last year, which suggests a positive year over year growth rate of 41.8%. The business is expected to announce its next earnings results on Thursday, November 4th.
According to Zacks, analysts expect that LSI Industries will report full year sales of $384.18 million for the current fiscal year, with estimates ranging from $383.36 million to $385.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $421.59 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow LSI Industries.
LSI Industries (NASDAQ:LYTS) last posted its earnings results on Wednesday, August 18th. The construction company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.07. The business had revenue of $97.02 million during the quarter, compared to analyst estimates of $81.00 million. LSI Industries had a return on equity of 6.69% and a net margin of 1.86%.
LYTS stock traded up $0.08 during mid-day trading on Wednesday, reaching $7.68. 179 shares of the company traded hands, compared to its average volume of 135,465. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 1.37. The company has a market capitalization of $207.28 million, a P/E ratio of 36.90, a P/E/G ratio of 0.70 and a beta of 1.90. LSI Industries has a 52-week low of $6.33 and a 52-week high of $11.22. The company has a fifty day moving average price of $7.65 and a 200-day moving average price of $8.13.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 7th. Stockholders of record on Monday, August 30th were given a dividend of $0.05 per share. The ex-dividend date was Friday, August 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.60%. LSI Industries’s dividend payout ratio (DPR) is presently 64.52%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Kennedy Capital Management Inc. boosted its position in shares of LSI Industries by 9.2% during the 1st quarter. Kennedy Capital Management Inc. now owns 2,458,735 shares of the construction company’s stock valued at $20,973,000 after acquiring an additional 207,107 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of LSI Industries by 41.2% during the 2nd quarter. Systematic Financial Management LP now owns 1,935,294 shares of the construction company’s stock valued at $15,502,000 after acquiring an additional 564,561 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of LSI Industries by 18.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,228,171 shares of the construction company’s stock valued at $9,838,000 after acquiring an additional 191,600 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of LSI Industries by 6.0% during the 1st quarter. JPMorgan Chase & Co. now owns 621,275 shares of the construction company’s stock valued at $5,299,000 after acquiring an additional 35,012 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of LSI Industries by 647.6% during the 2nd quarter. Millennium Management LLC now owns 484,528 shares of the construction company’s stock valued at $3,881,000 after acquiring an additional 419,720 shares during the last quarter. Hedge funds and other institutional investors own 66.32% of the company’s stock.
About LSI Industries
LSI Industries, Inc engages in the provision a variety of lighting solutions. It operates through the following business segments: Lighting and Graphics. The Lighting segment manufactures and markets outdoor and indoor lighting for the commercial, industrial and multi-site retail markets, including the petroleum or convenience store market.
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