Acuity Brands (NYSE:AYI) issued its earnings results on Tuesday. The electronics maker reported $1.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.11 by ($0.17), Briefing.com reports. The firm had revenue of $842.80 million for the quarter, compared to analysts’ expectations of $874.43 million. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 EPS.
Shares of Acuity Brands (NYSE AYI) traded down $27.78 on Tuesday, hitting $157.95. The company’s stock had a trading volume of 5,310,172 shares, compared to its average volume of 1,550,392. Acuity Brands has a one year low of $153.28 and a one year high of $225.36. The firm has a market cap of $6,660.00, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.96 and a beta of 1.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.07.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 22nd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, January 19th. Acuity Brands’s payout ratio is 7.00%.
A number of equities analysts have weighed in on AYI shares. Wells Fargo & Co cut Acuity Brands from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $225.00 to $185.00 in a report on Friday, September 15th. KeyCorp started coverage on Acuity Brands in a report on Friday, October 13th. They issued a “sector weight” rating for the company. Zacks Investment Research upgraded Acuity Brands from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. JMP Securities upgraded Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price target for the company in a report on Tuesday, October 3rd. Finally, Roth Capital set a $130.00 price target on Acuity Brands and gave the stock a “sell” rating in a report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $198.83.
In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $161.32, for a total value of $1,200,382.12. Following the transaction, the executive vice president now directly owns 30,649 shares of the company’s stock, valued at approximately $4,944,296.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.
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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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