$2.36 EPS Expected for Acuity Brands, Inc. (NYSE:AYI) This Quarter

Wall Street analysts forecast that Acuity Brands, Inc. (NYSE:AYI) will report $2.36 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Acuity Brands’ earnings, with the lowest EPS estimate coming in at $2.18 and the highest estimate coming in at $2.47. Acuity Brands reported earnings per share of $2.03 in the same quarter last year, which indicates a positive year over year growth rate of 16.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, January 6th.

According to Zacks, analysts expect that Acuity Brands will report full year earnings of $11.12 per share for the current financial year, with EPS estimates ranging from $10.85 to $11.35. For the next fiscal year, analysts expect that the company will report earnings of $12.28 per share, with EPS estimates ranging from $11.75 to $12.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Acuity Brands.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Tuesday, October 5th. The electronics maker reported $3.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.85 by $0.42. The firm had revenue of $992.70 million during the quarter, compared to analyst estimates of $958.25 million. Acuity Brands had a return on equity of 17.44% and a net margin of 8.85%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.24 earnings per share.

Several analysts have recently weighed in on AYI shares. Cowen lifted their price target on shares of Acuity Brands from $184.00 to $223.00 and gave the company an “outperform” rating in a research note on Thursday, October 7th. Wells Fargo & Company started coverage on shares of Acuity Brands in a report on Thursday, October 7th. They issued an “overweight” rating and a $218.00 price target on the stock. Robert W. Baird reaffirmed a “buy” rating on shares of Acuity Brands in a report on Wednesday. Oppenheimer boosted their price objective on shares of Acuity Brands from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, October 7th. Finally, Credit Suisse Group lowered their price target on shares of Acuity Brands from $212.00 to $209.00 and set an “outperform” rating on the stock in a report on Monday, October 4th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $196.67.

AYI traded down $0.55 on Thursday, hitting $214.93. The company had a trading volume of 264,816 shares, compared to its average volume of 401,674. Acuity Brands has a 12-month low of $112.10 and a 12-month high of $224.59. The business’s fifty day simple moving average is $200.82 and its 200 day simple moving average is $186.84. The company has a market cap of $7.51 billion, a PE ratio of 25.59, a PEG ratio of 2.06 and a beta of 1.63. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.24.

The business also recently declared a quarterly dividend, which was paid on Monday, November 1st. Investors of record on Friday, October 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, October 14th. This represents a $0.52 annualized dividend and a dividend yield of 0.24%. Acuity Brands’s dividend payout ratio (DPR) is presently 6.19%.

In other Acuity Brands news, SVP Barry R. Goldman sold 962 shares of the stock in a transaction dated Friday, November 12th. The shares were sold at an average price of $221.61, for a total value of $213,188.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in AYI. Twin Lakes Capital Management LLC purchased a new stake in shares of Acuity Brands in the 1st quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Acuity Brands in the 3rd quarter valued at approximately $28,000. Canada Pension Plan Investment Board boosted its position in shares of Acuity Brands by 1,550.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 165 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 155 shares during the period. Parallel Advisors LLC boosted its position in shares of Acuity Brands by 51.3% during the 3rd quarter. Parallel Advisors LLC now owns 180 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 61 shares during the period. Finally, JJJ Advisors Inc. boosted its position in shares of Acuity Brands by 46.2% during the 3rd quarter. JJJ Advisors Inc. now owns 272 shares of the electronics maker’s stock worth $47,000 after purchasing an additional 86 shares during the period. Institutional investors own 96.65% of the company’s stock.

About Acuity Brands

Acuity Brands, Inc engages in the provision of lighting and building management solutions and services. The firm caters commercial, institutional, industrial, infrastructure and residential applications for various markets. It offers luminaires, lighting controls, controllers for various building systems, power supplies, prismatic skylights, and drivers as well as integrated systems for various indoor and outdoor applications.

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