Acuity Brands, Inc. (AYI) Expected to Post Earnings of $2.18 Per Share

Equities analysts expect Acuity Brands, Inc. (NYSE:AYI) to post $2.18 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Acuity Brands’ earnings, with estimates ranging from $2.04 to $2.38. Acuity Brands posted earnings per share of $1.94 during the same quarter last year, which suggests a positive year-over-year growth rate of 12.4%. The company is expected to announce its next quarterly earnings report on Tuesday, January 8th.

On average, analysts expect that Acuity Brands will report full year earnings of $9.50 per share for the current financial year, with EPS estimates ranging from $7.75 to $10.15. For the next year, analysts forecast that the company will report earnings of $11.02 per share, with EPS estimates ranging from $10.52 to $11.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Acuity Brands.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.12. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. Acuity Brands had a net margin of 9.50% and a return on equity of 20.30%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.55 earnings per share.

Several equities analysts recently weighed in on the stock. Wells Fargo & Co raised shares of Acuity Brands from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $140.00 to $187.00 in a research report on Thursday, September 20th. Goldman Sachs Group lowered shares of Acuity Brands from a “neutral” rating to a “sell” rating and cut their price objective for the company from $141.00 to $126.00 in a research report on Wednesday, September 12th. ValuEngine raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. JMP Securities set a $170.00 price objective on shares of Acuity Brands and gave the company a “buy” rating in a research report on Wednesday, September 12th. Finally, Robert W. Baird raised shares of Acuity Brands from a “neutral” rating to an “outperform” rating and set a $185.00 price objective on the stock in a research report on Friday, September 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $150.89.

A number of institutional investors and hedge funds have recently modified their holdings of AYI. Captrust Financial Advisors raised its position in shares of Acuity Brands by 280.5% in the second quarter. Captrust Financial Advisors now owns 1,172 shares of the electronics maker’s stock valued at $136,000 after purchasing an additional 864 shares during the period. Itau Unibanco Holding S.A. raised its position in shares of Acuity Brands by 72.2% in the second quarter. Itau Unibanco Holding S.A. now owns 1,391 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 583 shares during the period. Eagle Boston Investment Management Inc. bought a new position in shares of Acuity Brands in the second quarter valued at approximately $206,000. Capital Investment Advisory Services LLC bought a new position in shares of Acuity Brands in the third quarter valued at approximately $214,000. Finally, ING Groep NV bought a new position in shares of Acuity Brands in the second quarter valued at approximately $218,000.

Shares of NYSE AYI traded down $2.02 during mid-day trading on Thursday, reaching $127.35. The company had a trading volume of 569,200 shares, compared to its average volume of 801,030. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.43 and a beta of 1.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.77 and a quick ratio of 1.17. Acuity Brands has a 12-month low of $109.98 and a 12-month high of $186.99.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Thursday, October 18th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Wednesday, October 17th. Acuity Brands’s payout ratio is presently 6.33%.

About Acuity Brands

Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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