Acuity Brands (NYSE:AYI) Announces Earnings Results

Acuity Brands (NYSE:AYIGet Free Report) posted its quarterly earnings results on Tuesday. The electronics maker reported $4.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.90 by $0.40, Briefing.com reports. Acuity Brands had a net margin of 10.12% and a return on equity of 20.97%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted $3.74 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Acuity Brands updated its FY25 guidance to $16.00-17.50 EPS.

Acuity Brands Price Performance

Shares of Acuity Brands stock traded down $2.12 during trading hours on Thursday, reaching $298.08. The stock had a trading volume of 49,277 shares, compared to its average volume of 254,999. Acuity Brands has a twelve month low of $156.84 and a twelve month high of $303.04. The company has a current ratio of 2.77, a quick ratio of 2.15 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $9.17 billion, a PE ratio of 24.41, a PEG ratio of 1.77 and a beta of 1.41. The stock’s 50 day moving average is $250.76 and its 200 day moving average is $253.78.

Acuity Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a $0.15 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.60 dividend on an annualized basis and a yield of 0.20%. Acuity Brands’s payout ratio is 4.88%.

Analysts Set New Price Targets

AYI has been the topic of several research reports. The Goldman Sachs Group upped their target price on Acuity Brands from $266.00 to $303.00 and gave the company a “neutral” rating in a research report on Wednesday. StockNews.com lowered Acuity Brands from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 27th. Robert W. Baird lifted their target price on Acuity Brands from $280.00 to $318.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company upped their price objective on shares of Acuity Brands from $289.00 to $305.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Oppenheimer raised their target price on Acuity Brands from $315.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $324.00.

Read Our Latest Research Report on Acuity Brands

About Acuity Brands

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Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.

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Earnings History for Acuity Brands (NYSE:AYI)

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