Wall Street analysts forecast that Acuity Brands, Inc. (NYSE:AYI) will post earnings per share (EPS) of $2.22 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Acuity Brands’ earnings, with the highest EPS estimate coming in at $2.33 and the lowest estimate coming in at $2.00. Acuity Brands posted earnings of $2.32 per share during the same quarter last year, which would indicate a negative year over year growth rate of 4.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, January 8th.
According to Zacks, analysts expect that Acuity Brands will report full-year earnings of $9.76 per share for the current fiscal year, with EPS estimates ranging from $9.42 to $10.30. For the next year, analysts expect that the business will post earnings of $10.56 per share, with EPS estimates ranging from $10.15 to $10.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Acuity Brands.
Acuity Brands (NYSE:AYI) last posted its quarterly earnings data on Wednesday, October 2nd. The electronics maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.63 by $0.12. Acuity Brands had a return on equity of 19.50% and a net margin of 9.00%. The firm had revenue of $938.10 million for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $2.68 earnings per share. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year.
Several research firms have recently commented on AYI. William Blair reaffirmed a “hold” rating on shares of Acuity Brands in a research note on Tuesday, September 24th. Credit Suisse Group decreased their price objective on Acuity Brands from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Wells Fargo & Co decreased their price objective on Acuity Brands from $155.00 to $138.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. JMP Securities decreased their price objective on Acuity Brands from $166.00 to $160.00 and set a “market outperform” rating on the stock in a research note on Friday, October 18th. They noted that the move was a valuation call. Finally, Oppenheimer downgraded Acuity Brands from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Acuity Brands presently has an average rating of “Hold” and a consensus target price of $134.44.
Shares of NYSE AYI traded up $0.41 during trading on Tuesday, hitting $133.80. The company had a trading volume of 372,914 shares, compared to its average volume of 297,682. The stock has a 50 day simple moving average of $127.80 and a 200 day simple moving average of $129.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.85 and a current ratio of 2.42. Acuity Brands has a 12 month low of $103.48 and a 12 month high of $147.44. The firm has a market capitalization of $5.29 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.39 and a beta of 1.53.
A number of institutional investors and hedge funds have recently modified their holdings of AYI. NEXT Financial Group Inc raised its stake in Acuity Brands by 45.6% during the 2nd quarter. NEXT Financial Group Inc now owns 667 shares of the electronics maker’s stock valued at $92,000 after purchasing an additional 209 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Acuity Brands by 94.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 56,831 shares of the electronics maker’s stock valued at $7,840,000 after purchasing an additional 27,640 shares during the period. World Asset Management Inc raised its stake in Acuity Brands by 4.3% during the 2nd quarter. World Asset Management Inc now owns 2,426 shares of the electronics maker’s stock valued at $335,000 after purchasing an additional 99 shares during the period. First Quadrant L P CA raised its stake in Acuity Brands by 49.7% during the 2nd quarter. First Quadrant L P CA now owns 12,326 shares of the electronics maker’s stock valued at $1,700,000 after purchasing an additional 4,094 shares during the period. Finally, Arizona State Retirement System raised its stake in Acuity Brands by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 28,964 shares of the electronics maker’s stock valued at $3,994,000 after purchasing an additional 319 shares during the period. 91.05% of the stock is currently owned by institutional investors.
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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.
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