Acuity Brands (NYSE:AYI) released its quarterly earnings results 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. Acuity Brands had a net margin of 7.46% and a return on equity of 14.43%. The company had revenue of $792.00 million for the quarter, compared to analyst estimates of $790.31 million. During the same period last year, the firm earned $2.13 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis.
Shares of AYI stock traded down $5.74 during trading on Friday, reaching $115.52. 15,692 shares of the company’s stock traded hands, compared to its average volume of 453,267. The firm’s 50-day moving average is $118.03 and its 200 day moving average is $104.60. The company has a market capitalization of $4.26 billion, a P/E ratio of 18.80, a PEG ratio of 1.68 and a beta of 1.52. Acuity Brands has a 1 year low of $67.46 and a 1 year high of $143.55. The company has a current ratio of 2.33, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18.
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Wednesday, January 20th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, January 19th. This represents a $0.52 annualized dividend and a dividend yield of 0.45%. Acuity Brands’s payout ratio is 6.92%.
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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