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

LSI Industries Inc. (NASDAQ:LYTS) declared a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Investors of record on Monday, February 3rd will be given 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 yield of 0.91%. The ex-dividend date is Monday, February 3rd.

LSI Industries has a payout ratio of 15.5% 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 Trading Down 10.7 %

Shares of NASDAQ:LYTS opened at $22.08 on Friday. The stock has a market capitalization of $658.87 million, a PE ratio of 27.95 and a beta of 0.93. The company’s 50-day moving average price is $19.87 and its two-hundred day moving average price is $17.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 1.19. LSI Industries has a one year low of $13.35 and a one year high of $25.50.

LSI Industries (NASDAQ:LYTS) last issued its quarterly 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 net margin of 4.88% and a return on equity of 11.71%. On average, equities analysts forecast that LSI Industries will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on LYTS shares. HC Wainwright upped their price target 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 target price on shares of LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a 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.