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

LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Stockholders 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 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. Equities 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 Stock Down 10.7 %

NASDAQ:LYTS traded down $2.64 during mid-day trading on Friday, reaching $22.08. The stock had a trading volume of 535,187 shares, compared to its average volume of 191,486. The stock has a market cap of $658.87 million, a P/E ratio of 27.95 and a beta of 0.93. The business’s 50 day moving average is $19.74 and its 200 day moving average is $17.29. 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 fifty-two week low of $13.35 and a fifty-two week high of $25.50.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results 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%. As a group, sell-side analysts predict that LSI Industries will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group boosted their target price on LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Friday. HC Wainwright raised their target price on shares of LSI Industries from $20.00 to $30.00 and gave the company 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.