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

LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be paid a dividend of $0.05 per share by the construction company on Tuesday, November 24th. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, November 16th.

LSI Industries has a payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect LSI Industries to earn $1.43 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 14.0%.

LSI Industries Price Performance

Shares of LYTS opened at $17.79 on Friday. LSI Industries has a twelve month low of $17.20 and a twelve month high of $27.36. The stock’s 50 day moving average is $20.31 and its two-hundred day moving average is $22.00. The firm has a market capitalization of $663.74 million, a PE ratio of 26.55 and a beta of 0.54. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, November 5th. The construction company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.12). The business had revenue of $225.85 million for the quarter, compared to analysts’ expectations of $225.00 million. LSI Industries had a return on equity of 7.51% and a net margin of 3.28%. Research analysts anticipate that LSI Industries will post 0.82 earnings per share for the current year.

Key Headlines Impacting LSI Industries

Here are the key news stories impacting LSI Industries this week:

• Positive Sentiment: Revenue was about $225.9 million, modestly above the roughly $225.0 million analyst estimate. Adjusted EPS was reported at $0.31, in line with FactSet’s consensus. Revenue results
• Positive Sentiment: LSI declared a $0.05-per-share quarterly dividend, payable November 24 to shareholders of record November 16. The annualized payout is $0.20 per share, a modest income-supportive signal. Dividend announcement
• Negative Sentiment: Reported EPS was $0.19, below the $0.21 Zacks consensus and the $0.31 estimate cited by MarketBeat, and down from $0.23 a year earlier. The gap between reported and adjusted EPS is important: adjusted earnings met FactSet’s estimate, while the reported figure missed analyst expectations. Earnings report

About LSI Industries

LSI Industries Inc (NASDAQ: LYTS) designs and manufactures commercial lighting and display solutions for businesses and organizations. Its offerings include indoor and outdoor LED lighting, lighting controls, digital signage, visual display systems, and related graphics and branding products.

The company serves a range of markets, including petroleum and convenience stores, quick-service restaurants, automotive dealerships, grocery and retail locations, sports facilities, and other commercial and industrial environments.