News stories about Acuity Brands (NYSE:AYI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Acuity Brands earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news coverage about the electronics maker an impact score of 47.8285527836568 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
AYI has been the subject of a number of research reports. Cowen set a $190.00 price objective on Acuity Brands and gave the company a “buy” rating in a research report on Wednesday, April 4th. Vertical Research cut Acuity Brands from a “buy” rating to a “hold” rating in a research report on Monday, April 16th. Williams Capital cut their price target on Acuity Brands from $175.00 to $151.00 and set a “hold” rating for the company in a report on Thursday, April 5th. Robert W. Baird reissued a “hold” rating and set a $168.00 price target on shares of Acuity Brands in a report on Friday, March 16th. Finally, Wells Fargo cut their price target on Acuity Brands from $175.00 to $157.00 and set a “market perform” rating for the company in a report on Wednesday, March 28th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $177.82.
NYSE:AYI opened at $120.59 on Tuesday. Acuity Brands has a 52-week low of $109.98 and a 52-week high of $208.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.15 and a quick ratio of 1.51. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.56 and a beta of 1.34.
Acuity Brands (NYSE:AYI) last released its quarterly earnings results on Wednesday, April 4th. The electronics maker reported $1.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.95 by ($0.06). Acuity Brands had a net margin of 9.68% and a return on equity of 20.56%. The company had revenue of $832.10 million for the quarter, compared to the consensus estimate of $799.33 million. During the same period in the prior year, the firm posted $1.77 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. equities research analysts predict that Acuity Brands will post 7.99 EPS for the current year.
Acuity Brands declared that its board has authorized a share repurchase program on Wednesday, April 4th that allows the company to repurchase 6,000,000 shares. This repurchase authorization allows the electronics maker to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.43%. The ex-dividend date was Monday, April 16th. Acuity Brands’s dividend payout ratio is presently 6.53%.
In other Acuity Brands news, Director George Douglas Dillard, Jr. acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, May 8th. The stock was purchased at an average price of $112.76 per share, with a total value of $563,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W. Patrick Battle acquired 1,330 shares of the company’s stock in a transaction dated Thursday, May 3rd. The stock was acquired at an average cost of $112.91 per share, with a total value of $150,170.30. Following the purchase, the director now owns 2,809 shares of the company’s stock, valued at $317,164.19. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.
About Acuity Brands
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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