Acuity Brands (AYI) Projected to Post Earnings on Thursday

Acuity Brands (NYSE:AYI) is anticipated to post its quarterly earnings results before the market opens on Thursday, April 3rd. Analysts expect Acuity Brands to post earnings of $3.67 per share and revenue of $1.03 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Acuity Brands (NYSE:AYI) last released its earnings results on Wednesday, January 8th. The electronics maker reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.10. The company had revenue of $951.60 million for the quarter, compared to analyst estimates of $955.60 million. Acuity Brands had a return on equity of 19.98% and a net margin of 11.11%. Acuity Brands’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.72 EPS. On average, analysts expect Acuity Brands to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Acuity Brands Stock Up 0.7 %

AYI stock opened at $263.82 on Tuesday. Acuity Brands has a 52 week low of $217.64 and a 52 week high of $345.30. The business has a 50-day simple moving average of $300.54 and a 200 day simple moving average of $304.50. The company has a quick ratio of 2.38, a current ratio of 2.98 and a debt-to-equity ratio of 0.20. The company has a market cap of $8.17 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.95 and a beta of 1.41.

Acuity Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 18th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, April 17th. Acuity Brands’s payout ratio is presently 5.01%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AYI. Oppenheimer lifted their price objective on shares of Acuity Brands from $370.00 to $380.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Wells Fargo & Company decreased their price target on Acuity Brands from $336.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday. William Blair upgraded Acuity Brands from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 2nd. StockNews.com cut Acuity Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Finally, Robert W. Baird dropped their target price on shares of Acuity Brands from $340.00 to $310.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Acuity Brands currently has an average rating of “Moderate Buy” and a consensus target price of $330.60.

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.