LSI Industries (LYTS) Earns Media Sentiment Score of 0.09
Media headlines about LSI Industries (NASDAQ:LYTS) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. LSI Industries earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 46.1407670556401 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
LYTS has been the subject of several analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $9.00 price objective on shares of LSI Industries in a research note on Monday, August 7th. TheStreet downgraded shares of LSI Industries from a “b-” rating to a “c+” rating in a research report on Thursday, August 10th. Roth Capital downgraded shares of LSI Industries to a “hold” rating and set a $6.00 target price for the company. in a research report on Thursday, August 17th. Finally, Zacks Investment Research raised shares of LSI Industries from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th.
LSI Industries (LYTS) traded down 0.70% on Friday, hitting $5.65. 15,294 shares of the stock were exchanged. LSI Industries has a 12 month low of $4.99 and a 12 month high of $11.55. The stock has a market cap of $145.23 million, a price-to-earnings ratio of 47.88 and a beta of 1.56. The company has a 50-day moving average of $7.00 and a 200-day moving average of $8.72.
LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, August 17th. The construction company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. LSI Industries had a net margin of 0.91% and a return on equity of 3.15%. The business had revenue of $83.42 million for the quarter, compared to analysts’ expectations of $86.55 million. During the same period in the prior year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts predict that LSI Industries will post $0.20 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 28th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, August 24th. This represents a $0.20 dividend on an annualized basis and a yield of 3.51%. LSI Industries’s dividend payout ratio is currently 166.68%.
In other LSI Industries news, VP James E. Galeese bought 16,700 shares of LSI Industries stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $6.01 per share, with a total value of $100,367.00. Following the completion of the acquisition, the vice president now owns 330 shares in the company, valued at $1,983.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James E. Galeese bought 9,025 shares of LSI Industries stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $5.53 per share, with a total value of $49,908.25. Following the completion of the acquisition, the vice president now owns 824 shares of the company’s stock, valued at approximately $4,556.72. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 32,525 shares of company stock valued at $190,675. 5.36% of the stock is owned by corporate insiders.
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About LSI Industries
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.
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