LSI Industries Inc. (LYTS) to Issue Quarterly Dividend of $0.05 on February 11th

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 paid a dividend of 0.05 per share by the construction company on Tuesday, February 11th. This represents a $0.20 annualized dividend 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 %

NASDAQ LYTS opened at $22.08 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $19.87 and its two-hundred day simple moving average is $17.42. LSI Industries has a twelve month low of $13.35 and a twelve month high of $25.50. The company has a market capitalization of $658.87 million, a price-to-earnings ratio of 27.95 and a beta of 0.93.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a net margin of 4.88% and a return on equity of 11.71%. Research analysts forecast that LSI Industries will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About LSI Industries

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.