Acuity Brands (NYSE:AYI) issued its earnings results on Wednesday. The electronics maker reported $2.03 EPS for the quarter, topping the consensus estimate of $1.68 by $0.35, MarketWatch Earnings reports. The company had revenue of $792.00 million for the quarter, compared to analyst estimates of $790.31 million. Acuity Brands had a net margin of 7.46% and a return on equity of 14.43%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 EPS.
Acuity Brands stock traded down $5.28 during mid-day trading on Friday, hitting $115.98. The company’s stock had a trading volume of 18,721 shares, compared to its average volume of 453,267. The firm’s 50 day moving average is $118.03 and its 200 day moving average is $104.60. The company has a market cap of $4.27 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 1.68 and a beta of 1.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.33 and a quick ratio of 1.81. Acuity Brands has a 52-week low of $67.46 and a 52-week high of $143.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Wednesday, January 20th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.45%. The ex-dividend date is Tuesday, January 19th. Acuity Brands’s dividend payout ratio is currently 6.92%.
Several research analysts recently weighed in on AYI shares. TheStreet raised shares of Acuity Brands from a “c” rating to a “b-” rating in a research note on Monday, November 30th. UBS Group started coverage on shares of Acuity Brands in a research note on Tuesday, September 15th. They set a “sell” rating and a $91.00 price objective for the company. Credit Suisse Group boosted their target price on Acuity Brands from $134.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday. Oppenheimer upped their price target on Acuity Brands from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 19th. Finally, BidaskClub upgraded Acuity Brands from a “buy” rating to a “strong-buy” rating in a report on Monday, December 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $101.90.
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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, tunnel, 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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