Zacks: Analysts Anticipate LSI Industries, Inc. (NASDAQ:LYTS) Will Post Earnings of -$0.05 Per Share

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Equities research analysts expect that LSI Industries, Inc. (NASDAQ:LYTS) will announce earnings of ($0.05) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for LSI Industries’ earnings. The firm is expected to issue its next quarterly earnings report on Thursday, August 27th.

According to Zacks, analysts expect that LSI Industries will report full year earnings of $0.01 per share for the current fiscal year. For the next fiscal year, analysts expect that the business will post earnings of $0.13 per share, with EPS estimates ranging from $0.05 to $0.21. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for LSI Industries.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The firm had revenue of $71.01 million for the quarter, compared to the consensus estimate of $70.99 million. LSI Industries had a return on equity of 1.31% and a net margin of 2.76%.

LYTS has been the topic of several research analyst reports. Zacks Investment Research lowered LSI Industries from a “buy” rating to a “hold” rating in a research report on Thursday, April 30th. HC Wainwright reiterated a “buy” rating and issued a $9.00 price target on shares of LSI Industries in a research note on Friday, April 24th. Finally, Roth Capital downgraded shares of LSI Industries from a “buy” rating to a “neutral” rating and set a $6.00 price objective for the company. in a research report on Friday, April 24th.

NASDAQ LYTS traded up $0.01 during trading on Tuesday, reaching $6.43. 727 shares of the company’s stock were exchanged, compared to its average volume of 116,738. The company has a 50 day moving average price of $5.72 and a two-hundred day moving average price of $5.68. The stock has a market cap of $160.82 million, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 24.56 and a beta of 2.15. LSI Industries has a 1 year low of $2.50 and a 1 year high of $7.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.33 and a current ratio of 2.45.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its stake in LSI Industries by 14.6% during the 4th quarter. Royce & Associates LP now owns 2,095,452 shares of the construction company’s stock worth $12,677,000 after purchasing an additional 266,489 shares during the period. Essex Investment Management Co. LLC raised its holdings in shares of LSI Industries by 61.0% in the fourth quarter. Essex Investment Management Co. LLC now owns 348,174 shares of the construction company’s stock valued at $2,106,000 after buying an additional 131,969 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of LSI Industries by 11.4% in the fourth quarter. Renaissance Technologies LLC now owns 948,471 shares of the construction company’s stock valued at $5,738,000 after buying an additional 96,900 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of LSI Industries during the first quarter worth about $290,000. Finally, Kennedy Capital Management Inc. increased its position in LSI Industries by 3.5% in the 4th quarter. Kennedy Capital Management Inc. now owns 1,618,013 shares of the construction company’s stock valued at $9,789,000 after acquiring an additional 55,059 shares during the period. 63.52% of the stock is currently owned by institutional investors.

About LSI Industries

LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

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