Acuity Brands (NYSE:AYI) Issues Earnings Results, Beats Expectations By $0.39 EPS

Posted by on Apr 1st, 2021

Acuity Brands (NYSE:AYI) released its quarterly earnings data on Tuesday. The electronics maker reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.39, MarketWatch Earnings reports. Acuity Brands had a net margin of 7.64% and a return on equity of 14.50%.

NYSE AYI traded up $3.84 during midday trading on Thursday, hitting $168.84. The company had a trading volume of 28,045 shares, compared to its average volume of 509,582. The firm has a 50-day moving average price of $131.03 and a 200-day moving average price of $115.42. The company has a market capitalization of $6.08 billion, a PE ratio of 26.48, a P/E/G ratio of 1.59 and a beta of 1.52. The company has a current ratio of 2.31, a quick ratio of 1.77 and a debt-to-equity ratio of 0.26. Acuity Brands has a twelve month low of $70.55 and a twelve month high of $169.41.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 3rd. Shareholders of record on Friday, April 16th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, April 15th. This represents a $0.52 dividend on an annualized basis and a yield of 0.31%. Acuity Brands’s dividend payout ratio (DPR) is presently 6.92%.

Several brokerages recently commented on AYI. Roth Capital reaffirmed a “sell” rating on shares of Acuity Brands in a report on Friday, January 8th. Credit Suisse Group raised their price objective on shares of Acuity Brands from $152.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday. William Blair raised Acuity Brands from a “market perform” rating to an “outperform” rating in a research report on Thursday. Robert W. Baird raised Acuity Brands from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $155.00 to $190.00 in a report on Thursday. Finally, Cowen boosted their price target on Acuity Brands from $133.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $133.77.

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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, tunnel, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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Earnings History for Acuity Brands (NYSE:AYI)

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