Acuity Brands (NYSE:AYI) announced its quarterly earnings data on Wednesday. The electronics maker reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.35, MarketWatch Earnings reports. Acuity Brands had a net margin of 7.46% and a return on equity of 14.43%. The firm had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $790.31 million. During the same period last year, the firm earned $2.13 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis.
Shares of AYI traded down $5.27 during midday trading on Friday, hitting $115.99. The stock had a trading volume of 778,732 shares, compared to its average volume of 756,369. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.68 and a beta of 1.52. The company has a 50 day simple moving average of $118.03 and a two-hundred day simple moving average of $104.60. Acuity Brands has a twelve month low of $67.46 and a twelve month high of $132.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.33 and a quick ratio of 1.81.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Wednesday, January 20th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Tuesday, January 19th. Acuity Brands’s dividend payout ratio (DPR) is presently 6.92%.
A number of research analysts have recently weighed in on AYI shares. Oppenheimer increased their price target on Acuity Brands from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 19th. ValuEngine upgraded Acuity Brands from a “sell” rating to a “hold” rating in a report on Wednesday, November 25th. UBS Group started coverage on Acuity Brands in a research report on Tuesday, September 15th. They set a “sell” rating and a $91.00 target price for the company. TheStreet raised shares of Acuity Brands from a “c” rating to a “b-” rating in a research note on Monday, November 30th. Finally, Credit Suisse Group upped their target price on shares of Acuity Brands from $134.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Acuity Brands 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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