$891.50 Million in Sales Expected for Acuity Brands, Inc. (NYSE:AYI) This Quarter

Equities research analysts expect Acuity Brands, Inc. (NYSE:AYI) to report $891.50 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Acuity Brands’ earnings. The lowest sales estimate is $891.00 million and the highest is $892.00 million. Acuity Brands reported sales of $792.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.6%. The firm is expected to issue its next earnings results on Thursday, January 6th.

According to Zacks, analysts expect that Acuity Brands will report full-year sales of $3.76 billion for the current fiscal year, with estimates ranging from $3.75 billion to $3.76 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.00 billion, with estimates ranging from $3.95 billion to $4.04 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Acuity Brands.

Acuity Brands (NYSE:AYI) last announced its earnings results on Tuesday, October 5th. The electronics maker reported $3.27 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.42. Acuity Brands had a net margin of 8.85% and a return on equity of 17.44%. The business had revenue of $992.70 million during the quarter, compared to the consensus estimate of $958.25 million. During the same quarter in the prior year, the firm earned $2.24 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year.

A number of equities research analysts recently commented on the stock. Cowen raised their price objective on shares of Acuity Brands from $184.00 to $223.00 and gave the company an “outperform” rating in a research report on Thursday, October 7th. UBS Group upgraded shares of Acuity Brands from a “sell” rating to a “neutral” rating and raised their price objective for the company from $163.00 to $206.00 in a research report on Tuesday, October 12th. Credit Suisse Group reduced their price target on shares of Acuity Brands from $212.00 to $209.00 and set an “outperform” rating for the company in a research report on Monday, October 4th. Oppenheimer lifted their price target on shares of Acuity Brands from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, October 7th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Acuity Brands in a research report on Wednesday. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $196.67.

In other news, SVP Barry R. Goldman sold 962 shares of the business’s stock in a transaction on Friday, November 12th. The shares were sold at an average price of $221.61, for a total transaction of $213,188.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of AYI. Twin Lakes Capital Management LLC acquired a new position in shares of Acuity Brands during the 1st quarter valued at $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Acuity Brands during the 3rd quarter valued at $28,000. Canada Pension Plan Investment Board lifted its holdings in shares of Acuity Brands by 1,550.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 165 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 155 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Acuity Brands by 51.3% in the 3rd quarter. Parallel Advisors LLC now owns 180 shares of the electronics maker’s stock worth $31,000 after buying an additional 61 shares in the last quarter. Finally, JJJ Advisors Inc. lifted its holdings in Acuity Brands by 46.2% in the 3rd quarter. JJJ Advisors Inc. now owns 272 shares of the electronics maker’s stock worth $47,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 96.65% of the company’s stock.

Shares of AYI traded down $0.55 during mid-day trading on Friday, hitting $214.93. 264,816 shares of the company’s stock were exchanged, compared to its average volume of 401,674. The company has a current ratio of 2.23, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $7.51 billion, a P/E ratio of 25.59, a P/E/G ratio of 2.06 and a beta of 1.63. Acuity Brands has a fifty-two week low of $112.10 and a fifty-two week high of $224.59. The business’s 50 day moving average is $200.82 and its two-hundred day moving average is $186.84.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 1st. Stockholders of record on Friday, October 15th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, October 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.24%. Acuity Brands’s dividend payout ratio (DPR) is 6.19%.

Acuity Brands Company Profile

Acuity Brands, Inc engages in the provision of lighting and building management solutions and services. The firm caters commercial, institutional, industrial, infrastructure and residential applications for various markets. It offers luminaires, lighting controls, controllers for various building systems, power supplies, prismatic skylights, and drivers as well as integrated systems for various indoor and outdoor applications.

See Also: Dividend

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Earnings History and Estimates for Acuity Brands (NYSE:AYI)

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