Acuity Brands (NYSE:AYI) announced its quarterly earnings data on Wednesday. The electronics maker reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.35, MarketWatch Earnings reports. The company had revenue of $792.00 million during 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 firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the business posted $2.13 EPS.
Shares of NYSE AYI traded down $5.28 during trading hours on Friday, hitting $115.98. 18,721 shares of the stock were exchanged, compared to its average volume of 453,267. The firm has a fifty day moving average price of $118.03 and a 200-day moving average price of $104.60. The company has a market cap of $4.27 billion, a PE ratio of 18.80, a PEG ratio of 1.68 and a beta of 1.52. The company has a quick ratio of 1.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.18. Acuity Brands has a 12 month low of $67.46 and a 12 month high of $143.55.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Wednesday, January 20th will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, January 19th. This represents a $0.52 dividend on an annualized basis and a yield of 0.45%. Acuity Brands’s payout ratio is 6.92%.
A number of equities analysts have weighed in on AYI shares. TheStreet upgraded shares of Acuity Brands from a “c” rating to a “b-” rating in a research report on Monday, November 30th. BidaskClub upgraded shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 28th. UBS Group began coverage on shares of Acuity Brands in a research note on Tuesday, September 15th. They issued a “sell” rating and a $91.00 target price for the company. ValuEngine upgraded Acuity Brands from a “sell” rating to a “hold” rating in a report on Wednesday, November 25th. Finally, Credit Suisse Group upped their price target on Acuity Brands from $134.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $101.90.
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, 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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