Acuity Brands (NYSE:AYI – Get Free Report) announced its quarterly earnings data on Tuesday. The electronics maker reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.90 by $0.40, Briefing.com reports. Acuity Brands had a return on equity of 20.97% and a net margin of 10.12%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned $3.74 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Acuity Brands updated its FY25 guidance to $16.00-17.50 EPS.
Acuity Brands Stock Up 0.3 %
Shares of NYSE:AYI opened at $300.21 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.15 and a current ratio of 2.77. The firm has a market capitalization of $9.24 billion, a P/E ratio of 24.41, a P/E/G ratio of 1.77 and a beta of 1.41. The stock has a 50 day moving average price of $250.76 and a 200-day moving average price of $253.78. Acuity Brands has a 52-week low of $156.84 and a 52-week high of $303.04.
Acuity Brands Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date is Friday, October 18th. Acuity Brands’s payout ratio is 4.88%.
Wall Street Analysts Forecast Growth
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About Acuity Brands
Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.
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