Zacks: Brokerages Set $6.00 Target Price for LSI Industries, Inc. (NASDAQ:LYTS)

Shares of LSI Industries, Inc. (NASDAQ:LYTS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price target of $6.00 for the company and are forecasting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given LSI Industries an industry rank of 51 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded LSI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in LSI Industries by 1.1% during the third quarter. Vanguard Group Inc. now owns 1,102,613 shares of the construction company’s stock valued at $5,072,000 after purchasing an additional 12,094 shares during the last quarter. BlackRock Inc. increased its stake in LSI Industries by 0.3% during the fourth quarter. BlackRock Inc. now owns 1,395,900 shares of the construction company’s stock valued at $4,424,000 after purchasing an additional 3,691 shares during the last quarter. Bank of New York Mellon Corp increased its stake in LSI Industries by 39.0% during the fourth quarter. Bank of New York Mellon Corp now owns 251,649 shares of the construction company’s stock valued at $798,000 after purchasing an additional 70,628 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in LSI Industries during the fourth quarter valued at $214,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in LSI Industries by 19.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,371 shares of the construction company’s stock valued at $185,000 after purchasing an additional 9,400 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Shares of NASDAQ:LYTS opened at $3.65 on Wednesday. LSI Industries has a twelve month low of $2.48 and a twelve month high of $5.69. The firm has a market capitalization of $91.04 million, a price-to-earnings ratio of 16.59, a PEG ratio of 0.70 and a beta of 1.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.59. The firm has a fifty day simple moving average of $3.57.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, April 25th. The construction company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.11). LSI Industries had a negative net margin of 6.01% and a positive return on equity of 1.06%. The business had revenue of $72.83 million during the quarter, compared to analyst estimates of $78.50 million. On average, analysts predict that LSI Industries will post 0.2 EPS for the current fiscal year.

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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