LSI Industries (LYTS) Given News Sentiment Score of 0.23
Media headlines about LSI Industries (NASDAQ:LYTS) have been trending somewhat positive on Tuesday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded 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 0.23 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 46.6769361785086 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of brokerages have issued reports on LYTS. Zacks Investment Research raised shares of LSI Industries from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a research note on Wednesday, November 1st. Canaccord Genuity reissued a “buy” rating and set a $9.00 price target on shares of LSI Industries in a research report on Thursday, October 26th. Roth Capital set a $6.00 price target on shares of LSI Industries and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, TheStreet cut shares of LSI Industries from a “b-” rating to a “c+” rating in a research report on Thursday, August 10th.
LSI Industries (NASDAQ:LYTS) opened at $6.82 on Tuesday. The firm has a market cap of $173.58, a price-to-earnings ratio of 33.65, a PEG ratio of 1.35 and a beta of 1.69. LSI Industries has a 52-week low of $4.99 and a 52-week high of $10.68. The company has a current ratio of 2.64, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36.
LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Thursday, October 26th. The construction company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $87.47 million for the quarter, compared to analysts’ expectations of $82.45 million. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.27%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. research analysts anticipate that LSI Industries will post 0.2 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.93%. LSI Industries’s dividend payout ratio is -38.46%.
In related news, VP James E. Galeese acquired 16,700 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $6.01 per share, for a total transaction of $100,367.00. Following the completion of the acquisition, the vice president now directly owns 330 shares in the company, valued at approximately $1,983.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Howard E. Japlon acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average price of $5.90 per share, for a total transaction of $59,000.00. Following the completion of the acquisition, the vice president now owns 18,500 shares of the company’s stock, valued at $109,150. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 42,525 shares of company stock worth $249,675. Insiders own 6.37% of the company’s stock.
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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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