LSI Industries, Inc. (LYTS) Issues Quarterly Earnings Results
LSI Industries, Inc. (NASDAQ:LYTS) announced its quarterly earnings data on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, Market Beat.com reports. The firm earned $84.69 million during the quarter, compared to the consensus estimate of $84.72 million.
In related news, Director James P/ Sferra sold 10,197 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $11.67, for a total transaction of $118,998.99. Following the completion of the transaction, the director now owns 59,351 shares in the company, valued at approximately $692,626.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of LSI Industries (NASDAQ:LYTS) opened at 11.54 on Monday. The company has a market cap of $287.46 million and a P/E ratio of 30.13. LSI Industries has a 52 week low of $7.25 and a 52 week high of $12.80. The firm has a 50-day moving average of $11.45 and a 200 day moving average of $10.31.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 16th. Shareholders of record on Monday, February 8th will be paid a $0.05 dividend. This is an increase from LSI Industries’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, February 4th.
LSI Industries Inc. is a provider of corporate visual image solutions through the combination of digital and screen graphics capabilities, various indoor and outdoor lighting products, lighting control systems and related professional services. The Company operates through three segments: Lighting Segment, Graphics Segment and Technology Segment. It also provides digital solid-state light emitting diode (NASDAQ:LYTS) video screens to sports stadiums and arenas. The Company’s Lighting Segment manufactures and markets outdoor and indoor lighting, and lighting controls for the commercial, industrial, niche and multi-site retail markets, including the petroleum/convenience store, quick-service and automotive markets. Its Graphics Segment designs, manufactures and installs exterior and interior visual image elements. Its Technology Segment designs, engineers and manufactures electronic circuit boards, assemblies and sub-assemblies, and various control system products, among others.
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