Acuity Brands (AYI) Announces Quarterly Earnings Results

Acuity Brands (NYSE:AYI) released its quarterly earnings data on Wednesday. The electronics maker reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.30, MarketWatch Earnings reports. Acuity Brands had a return on equity of 20.88% and a net margin of 9.49%. The firm had revenue of $932.60 million during the quarter, compared to analyst estimates of $920.39 million. During the same period in the prior year, the company posted $1.94 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year.

Shares of NYSE:AYI opened at $122.05 on Friday. Acuity Brands has a twelve month low of $103.48 and a twelve month high of $173.01. The firm has a market capitalization of $4.70 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.92 and a quick ratio of 1.17.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Friday, January 18th will be paid a $0.13 dividend. The ex-dividend date is Thursday, January 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.43%. Acuity Brands’s dividend payout ratio (DPR) is presently 6.33%.

Several research analysts have issued reports on the company. JMP Securities set a $170.00 price objective on Acuity Brands and gave the stock a “buy” rating in a research note on Thursday, October 4th. Cowen set a $180.00 price objective on Acuity Brands and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Credit Suisse Group reiterated a “market perform” rating and set a $128.00 price objective (down from $135.00) on shares of Acuity Brands in a research note on Thursday, January 3rd. ValuEngine upgraded Acuity Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Zacks Investment Research upgraded Acuity Brands from a “sell” rating to a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Acuity Brands presently has a consensus rating of “Hold” and a consensus target price of $148.22.

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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, 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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Earnings History for Acuity Brands (NYSE:AYI)

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