Acuity Brands (NYSE:AYI) Updates FY25 Earnings Guidance

Acuity Brands (NYSE:AYI) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $16.00-17.50 for the period, compared to the consensus estimate of $16.44. The company issued revenue guidance of $3.9-4.1 billion, compared to the consensus revenue estimate of $3.98 billion.

Acuity Brands Trading Up 5.2 %

AYI stock traded up $14.25 during trading on Tuesday, reaching $289.64. 344,570 shares of the stock were exchanged, compared to its average volume of 250,536. The company has a current ratio of 2.77, a quick ratio of 2.15 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $248.84 and a 200-day moving average price of $253.17. Acuity Brands has a 1 year low of $156.84 and a 1 year high of $298.03. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 1.77 and a beta of 1.41.

Acuity Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend is Friday, October 18th. Acuity Brands’s dividend payout ratio (DPR) is 4.88%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Acuity Brands from $286.00 to $280.00 and set a neutral rating on the stock in a research note on Tuesday, June 18th. Wells Fargo & Company boosted their price target on shares of Acuity Brands from $260.00 to $289.00 and gave the company an equal weight rating in a research note on Tuesday, September 24th. Finally, StockNews.com downgraded shares of Acuity Brands from a strong-buy rating to a buy rating in a research note on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Acuity Brands presently has a consensus rating of Hold and an average price target of $286.25.

Acuity Brands Company Profile

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.