In a report released today, Aaron Spychalla from Craig-Hallum maintained a Buy rating on Lsi Industries (LYTS – Research Report). The company’s shares closed last Friday at $13.44.
According to TipRanks, Spychalla is an analyst with an average return of -5.1% and a 54.90% success rate. Spychalla covers the Industrials sector, focusing on stocks such as Bowman Consulting Group, Babcock & Wilcox Company, and Ceco Environmental.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lsi Industries with a $17.50 average price target.
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Based on Lsi Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $123.44 million and a net profit of $8.03 million. In comparison, last year the company earned a revenue of $127.07 million and had a net profit of $6.26 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LYTS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lsi Industries (LYTS) Company Description:
LSI Industries, Inc. engages in the provision a variety of lighting solutions. It operates through the following business segments: Lighting, Graphics, and Corporate and Eliminations. The Lighting segment manufactures and markets outdoor and indoor lighting for the commercial, industrial and multi-site retail markets, including the petroleum or convenience store market. The Graphics segment fabricates and sells exterior and interior visual image elements related to graphics. The Corporate and Eliminations segment includes the company’s administrative activities. The company was founded by Robert J. Ready, James P. Sferra, and Donald E. Whipple in 1976 and is headquartered in Cincinnati, OH.
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