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

LSI Industries Inc. (NASDAQ:LYTS) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.05 per share by the construction company on Tuesday, November 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, November 18th.

LSI Industries has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LSI Industries to earn $1.18 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 16.9%.

LSI Industries Trading Down 1.9 %

Shares of LYTS stock opened at $20.07 on Friday. LSI Industries has a fifty-two week low of $12.53 and a fifty-two week high of $21.17. The stock has a market cap of $598.89 million, a P/E ratio of 25.41 and a beta of 0.87. The business has a fifty day simple moving average of $16.77 and a 200-day simple moving average of $15.77. The company has a quick ratio of 1.16, a current ratio of 2.08 and a debt-to-equity ratio of 0.21.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, August 15th. The construction company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $129.01 million during the quarter, compared to analysts’ expectations of $127.28 million. LSI Industries had a return on equity of 11.71% and a net margin of 4.88%. On average, analysts forecast that LSI Industries will post 0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $20.00 price objective on shares of LSI Industries in a research note on Friday, August 16th.

Insider Activity

In related news, CFO James E. Galeese sold 8,824 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $128,565.68. Following the transaction, the chief financial officer now directly owns 145,631 shares of the company’s stock, valued at approximately $2,121,843.67. The trade was a 5.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas A. Caneris sold 9,748 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $142,028.36. Following the transaction, the vice president now directly owns 98,656 shares in the company, valued at $1,437,417.92. This trade represents a 8.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,903 shares of company stock valued at $756,227 in the last three months. Corporate insiders own 8.20% of the company’s stock.

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.