Zacks: Analysts Anticipate Acuity Brands, Inc. (AYI) Will Announce Earnings of $2.24 Per Share

Analysts expect Acuity Brands, Inc. (NYSE:AYI) to post earnings of $2.24 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Acuity Brands’ earnings, with estimates ranging from $1.96 to $2.81. Acuity Brands posted earnings per share of $1.77 during the same quarter last year, which indicates a positive year over year growth rate of 26.6%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, April 3rd.

According to Zacks, analysts expect that Acuity Brands will report full-year earnings of $9.52 per share for the current fiscal year, with EPS estimates ranging from $9.05 to $10.20. For the next fiscal year, analysts forecast that the business will post earnings of $10.20 per share, with EPS estimates ranging from $8.75 to $11.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Acuity Brands.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Tuesday, January 9th. The electronics maker reported $1.81 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.16). Acuity Brands had a net margin of 8.91% and a return on equity of 20.08%.

Several research analysts have weighed in on the company. Robert W. Baird reaffirmed a “hold” rating and issued a $198.00 target price on shares of Acuity Brands in a research report on Tuesday, January 9th. Roth Capital set a $130.00 target price on Acuity Brands and gave the stock a “sell” rating in a research report on Thursday, October 5th. Seaport Global Securities reaffirmed a “buy” rating and issued a $200.00 target price (down from $225.00) on shares of Acuity Brands in a research report on Friday, October 6th. Wolfe Research lowered Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research raised Acuity Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $196.23.

Shares of Acuity Brands (NYSE:AYI) traded up $3.21 during mid-day trading on Friday, reaching $163.80. The company’s stock had a trading volume of 1,018,942 shares, compared to its average volume of 1,582,273. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.65 and a current ratio of 2.23. Acuity Brands has a 12 month low of $153.28 and a 12 month high of $225.36. The firm has a market cap of $6,930.00, a price-to-earnings ratio of 22.50, a P/E/G ratio of 1.60 and a beta of 1.43.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 22nd will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, January 19th. Acuity Brands’s dividend payout ratio is 7.14%.

In other news, EVP Mark A. Black sold 7,441 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the transaction, the executive vice president now owns 30,649 shares of the company’s stock, valued at approximately $4,944,296.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of Acuity Brands by 661.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock valued at $111,000 after acquiring an additional 476 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of Acuity Brands by 11.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock valued at $119,000 after acquiring an additional 58 shares during the last quarter. QS Investors LLC increased its holdings in shares of Acuity Brands by 1.2% during the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after acquiring an additional 7 shares during the last quarter. First Bank & Trust increased its holdings in shares of Acuity Brands by 183.7% during the 3rd quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock valued at $128,000 after acquiring an additional 483 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in shares of Acuity Brands by 20.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 830 shares of the electronics maker’s stock valued at $168,000 after acquiring an additional 142 shares during the last quarter.

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Acuity Brands Company Profile

Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

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