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.
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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