Key Points
- LSI Industries CFO James Galeese sold 4,778 shares at an average price of $20.28, worth approximately $96,898. He retained 185,962 shares following the transaction.
- The company reported quarterly EPS of $0.38, beating estimates of $0.35, while revenue reached $234.62 million versus expectations of $222.78 million. LSI also declared a quarterly dividend of $0.05 per share, representing a 1.0% yield.
- Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $29.00. However, near-term EPS forecasts were reduced, and several senior executives recently sold shares.
LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) EVP Thomas Caneris sold 3,170 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $20.28, for a total transaction of $64,287.60. Following the sale, the executive vice president directly owned 73,109 shares in the company, valued at $1,482,650.52. This represents a 4.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
LSI Industries Price Performance
Shares of LYTS opened at $20.17 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. LSI Industries Inc. has a fifty-two week low of $17.20 and a fifty-two week high of $27.36. The company has a market cap of $740.48 million, a P/E ratio of 30.10 and a beta of 0.56. The firm's 50 day moving average price is $24.17 and its 200 day moving average price is $22.63.
LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.03. LSI Industries had a return on equity of 8.04% and a net margin of 3.28%.The business had revenue of $234.62 million for the quarter, compared to analyst estimates of $222.78 million. On average, research analysts forecast that LSI Industries Inc. will post 0.82 earnings per share for the current fiscal year.
LSI Industries Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 31st. LSI Industries's payout ratio is 29.85%.
Key Headlines Impacting LSI Industries
Here are the key news stories impacting LSI Industries this week:
- Positive Sentiment: Fourth-quarter results exceeded expectations. Fiscal fourth-quarter sales rose 51% year over year to $234.6 million, helped by the Royston acquisition, while adjusted diluted EPS increased to $0.38 from $0.34 and topped the $0.35 consensus estimate. LSI Industries Fourth-Quarter Results
- Positive Sentiment: Longer-term analyst projections remain favorable. HC Wainwright reiterated its Buy rating and raised its EPS forecasts for fiscal 2028, 2029 and 2030 to $1.55, $2.04 and $2.54, respectively, while projecting $3.16 for fiscal 2031. The company also declared a quarterly dividend of $0.05 per share, or $0.20 annualized.
- Neutral Sentiment: Management characterized the period as transformational. The earnings call emphasized LSI Industries’ ongoing transformation, but investors appear focused on whether the reported sales growth can continue as acquisition benefits fade. LSI Industries Earnings Call Highlights
- Negative Sentiment: Near-term earnings expectations were cut sharply. HC Wainwright reduced its fiscal 2027 EPS estimate to $0.72 from $1.33 and expects only $0.03 EPS in the second quarter. Although the firm maintained its Buy rating, the reduction signals weaker near-term momentum and is below the current full-year consensus estimate of $1.13.
- Negative Sentiment: Multiple senior executives sold shares. CEO James Anthony Clark, CFO James E. Galeese and EVP Thomas A. Caneris collectively sold tens of thousands of shares in transactions from August 24–26, worth roughly $1.5 million. Each retained a substantial position, but the cluster of sales may undermine investor confidence.
Analyst Ratings Changes
A number of equities analysts recently commented on LYTS shares. Morgan Stanley set a $30.00 target price on shares of LSI Industries in a research note on Friday, August 21st. Wall Street Zen cut LSI Industries from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. HC Wainwright reiterated a "buy" rating on shares of LSI Industries in a report on Friday, August 21st. Weiss Ratings lowered LSI Industries from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, August 18th. Finally, Oppenheimer decreased their target price on LSI Industries from $30.00 to $29.00 and set an "outperform" rating for the company in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.00.
Read Our Latest Analysis on LSI Industries
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its stake in LSI Industries by 3,782.7% in the second quarter. California State Teachers Retirement System now owns 1,005,548 shares of the construction company's stock valued at $26,727,000 after purchasing an additional 979,650 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of LSI Industries during the second quarter worth about $31,000. AXQ Capital LP grew its holdings in shares of LSI Industries by 117.7% during the second quarter. AXQ Capital LP now owns 24,007 shares of the construction company's stock worth $638,000 after buying an additional 12,979 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in LSI Industries by 17.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,610 shares of the construction company's stock valued at $1,106,000 after acquiring an additional 6,273 shares during the period. Finally, Wellington Management Group LLP increased its position in LSI Industries by 5.4% in the 2nd quarter. Wellington Management Group LLP now owns 1,372,841 shares of the construction company's stock valued at $36,490,000 after acquiring an additional 70,033 shares during the period. 73.91% of the stock is owned by hedge funds and other institutional investors.
About LSI Industries
(
Get Free Report)
LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.
In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.
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