Acuity Brands (NYSE:AYI) released its earnings results on Wednesday. The electronics maker reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.35, MarketWatch Earnings reports. The firm had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $790.31 million. Acuity Brands had a net margin of 7.46% and a return on equity of 14.43%. Acuity Brands’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $2.13 EPS.
Shares of NYSE AYI traded down $5.27 during mid-day trading on Friday, reaching $115.99. The company had a trading volume of 778,732 shares, compared to its average volume of 756,369. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 2.33. Acuity Brands has a twelve month low of $67.46 and a twelve month high of $132.00. The stock’s 50 day moving average is $118.03 and its 200-day moving average is $104.60. The stock has a market capitalization of $4.27 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 1.68 and a beta of 1.52.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Wednesday, January 20th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Tuesday, January 19th. Acuity Brands’s dividend payout ratio is currently 6.92%.
AYI has been the subject of several recent analyst reports. Oppenheimer increased their price objective on shares of Acuity Brands from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 19th. ValuEngine raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 25th. TheStreet raised shares of Acuity Brands from a “c” rating to a “b-” rating in a research note on Monday, November 30th. Cowen increased their target price on shares of Acuity Brands from $122.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday. Finally, BidaskClub raised shares of Acuity Brands from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target 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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