Acuity Brands, Inc. (NYSE:AYI) declared a quarterly dividend on Thursday, June 25th, Zacks reports. Investors of record on Friday, July 17th will be paid a dividend of 0.13 per share by the electronics maker on Monday, August 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Thursday, July 16th.
Acuity Brands has a payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Acuity Brands to earn $6.86 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 7.6%.
Shares of NYSE AYI opened at $88.40 on Tuesday. Acuity Brands has a 1-year low of $67.46 and a 1-year high of $143.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.40 and a quick ratio of 1.78. The business’s 50 day moving average is $92.91 and its two-hundred day moving average is $100.25. The stock has a market capitalization of $3.54 billion, a P/E ratio of 12.96, a PEG ratio of 1.41 and a beta of 1.39.
Acuity Brands (NYSE:AYI) last released its quarterly earnings results on Tuesday, June 30th. The electronics maker reported $1.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.72. The company had revenue of $776.20 million for the quarter, compared to analyst estimates of $746.61 million. Acuity Brands had a return on equity of 15.57% and a net margin of 8.02%. Acuity Brands’s quarterly revenue was down 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.53 EPS. As a group, equities research analysts anticipate that Acuity Brands will post 6.33 earnings per share for the current fiscal year.
Several analysts have issued reports on the stock. Cowen raised their price objective on shares of Acuity Brands from $115.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Credit Suisse Group increased their target price on Acuity Brands from $109.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Robert W. Baird boosted their target price on shares of Acuity Brands from $80.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, June 18th. Oppenheimer raised shares of Acuity Brands from a “market perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a research note on Sunday, June 7th. Finally, Roth Capital lowered their price objective on shares of Acuity Brands from $100.00 to $50.00 in a research report on Monday, March 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $99.11.
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.
Receive News & Ratings for Acuity Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands and related companies with MarketBeat.com's FREE daily email newsletter.