Media headlines about Acuity Brands (NYSE:AYI) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Acuity Brands earned a news impact score of 0.09 on Accern’s scale. Accern also gave press coverage about the electronics maker an impact score of 46.121448093428 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Lookout Technical Indicators on Acuity Brands, Inc. (AYI) (wallstreetmorning.com)
- Technical attention to Stock: Acuity Brands, Inc. (AYI) (stockquote.review)
- Pre-Market Technical Scan on Electronics Equities — Acuity Brands, Advanced Energy Industries, Amphenol, and Control4 (bizjournals.com)
- Robert W. Baird Lowers Acuity Brands (AYI) Price Target to $200.00 (americanbankingnews.com)
- Oppenheimer Trims Acuity Brands (AYI) Target Price to $215.00 (americanbankingnews.com)
A number of analysts have recently issued reports on the stock. Cowen set a $190.00 price target on shares of Acuity Brands and gave the stock a “buy” rating in a report on Wednesday, April 4th. Wells Fargo lowered their price objective on shares of Acuity Brands from $175.00 to $157.00 and set a “market perform” rating for the company in a research report on Wednesday, March 28th. Zacks Investment Research cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. JMP Securities raised shares of Acuity Brands from a “market perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Thursday, April 5th. Finally, ValuEngine cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Acuity Brands has an average rating of “Hold” and a consensus price target of $177.82.
Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Wednesday, April 4th. The electronics maker reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.06). The business had revenue of $832.10 million during the quarter, compared to analysts’ expectations of $799.33 million. Acuity Brands had a net margin of 9.68% and a return on equity of 20.56%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company earned $1.77 EPS. equities analysts predict that Acuity Brands will post 7.99 earnings per share for the current year.
Acuity Brands declared that its board has authorized a share repurchase plan on Wednesday, April 4th that permits the company to repurchase 6,000,000 shares. This repurchase authorization permits the electronics maker to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 17th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Monday, April 16th. Acuity Brands’s dividend payout ratio is presently 6.53%.
Acuity Brands Company Profile
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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