Zacks: Brokers Expect Acuity Brands, Inc. (NYSE: AYI) to Report EPS of $ 2.89
Wall Street analysts expect Acuity Brands, Inc. (NYSE: AYI) to report earnings of $ 2.89 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have released earnings estimates for Acuity Brands. The highest EPS estimate is $ 3.09 and the lowest is $ 2.74. Acuity Brands reported earnings of $ 2.35 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 23%. The company is expected to release its next results before the market opens on Wednesday, October 6.
On average, analysts expect Acuity Brands to report annual earnings of $ 9.80 per share for the current year, with EPS estimates ranging from $ 9.66 to $ 10.00. For the next fiscal year, analysts expect the company to report earnings of $ 10.40 per share, with EPS estimates ranging from $ 9.79 to $ 11.15. Zacks Investment Research earnings per share averages are an average based on a survey of research analysts who cover the Acuity brands.
Acuity Brands (NYSE: AYI) last released its quarterly results on Wednesday, June 30. The electronics maker reported EPS of $ 2.77 for the quarter, beating analyst consensus estimates of $ 2.09 by $ 0.68. Acuity Brands reported a return on equity of 16.18% and a net margin of 8.39%. The company posted revenue of $ 899.70 million for the quarter, compared to analysts’ estimates of $ 840.90 million. In the same quarter of the previous year, the company posted EPS of $ 1.94. The company’s revenue grew 15.9% year-over-year.
Several brokerage firms weighed on AYI. Robert W. Baird increased his price target on the Acuity brands from $ 196.00 to $ 220.00 and gave the company an “outperformance” rating in a report released on Friday, July 2. Oppenheimer assumed coverage of Acuity Brands shares in a research report on Thursday, July 1. They issued a “buy” note and a target price of $ 205.00 on the stock. Credit Suisse Group increased its price target for Acuity Brands shares from $ 211.00 to $ 212.00 and gave the company an “outperformance” rating in a research report published on Tuesday, August 31. Finally, Zacks Investment Research downgraded Acuity Brands shares from a “buy” rating to a “hold” rating and set a price target of $ 195.00 for the stock. in a research report on Monday, May 31. Three investment analysts gave the stock a conservation rating and five gave the stock a buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $ 183.59.
Shares of Acuity Brands traded up $ 0.19 on Tuesday, reaching $ 170.00. The company had a trading volume of 360,749 shares, compared to its average volume of 417,902. The company has a leverage ratio of 0.24, a quick ratio of 1.74 and a current ratio of 2 , 29. The stock has a market cap of $ 6.07 billion, a price / earnings ratio of 22.52, a P / E / G ratio of 1.77 and a beta of 1.64. The stock has a 50-day moving average of $ 175.48 and a 200-day moving average of $ 173.64. Acuity Brands has a one-year low of $ 87.90 and a one-year high of $ 194.59.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 2. Shareholders of record on Friday July 16 received a dividend of $ 0.13 per share. The ex-dividend date of this dividend was Thursday July 15. This represents an annualized dividend of $ 0.52 and a return of 0.31%. Acuity Brands’ dividend payout ratio (DPR) is currently 6.92%.
Several institutional investors have recently increased or reduced their holdings in AYI. Twin Lakes Capital Management LLC purchased a new stake in Acuity Brands during the first quarter valued at $ 26,000. The Canada Pension Plan Investment Board increased its position in Acuity Brands shares by 1,550.0% in the second quarter. The Canada Pension Plan Investment Board now owns 165 shares of the electronics maker valued at $ 31,000 after acquiring 155 additional shares during the period. Van ECK Associates Corp increased its position in Acuity Brands by 107.2% in the second quarter. Van ECK Associates Corp now owns 460 shares of the electronics maker valued at $ 86,000 after purchasing an additional 238 shares during the period. Enlightenment Research LLC acquired a new stake in Acuity Brands during the second quarter for a value of approximately $ 206,000. Finally, 1832 Asset Management LP acquired a new stake in Acuity Brands during the second quarter for a value of approximately $ 207,000. Hedge funds and other institutional investors hold 96.88% of the company’s shares.
About the Acuity brands
Acuity Brands, Inc is committed to providing lighting and building management solutions and services. The company caters to commercial, institutional, industrial, infrastructure and residential applications for various markets. It offers luminaires, lighting controls, controllers for various building systems, power supplies, prism skylights and drivers as well as integrated systems for various interior and exterior applications.
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