Acuity Brands (AYI) Scheduled to Post Quarterly Earnings on Tuesday

Acuity Brands (NYSE:AYI) is set to issue its quarterly earnings data before the market opens on Tuesday, October 1st. Analysts expect the company to announce earnings of $3.85 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Thursday, June 27th. The electronics maker reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $3.82 by $0.33. Acuity Brands had a return on equity of 20.97% and a net margin of 10.12%. The company had revenue of $968.10 million during the quarter, compared to the consensus estimate of $996.52 million. During the same quarter in the prior year, the firm earned $3.50 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, analysts expect Acuity Brands to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Acuity Brands Trading Up 0.1 %

Shares of AYI opened at $270.00 on Monday. The company has a quick ratio of 2.15, a current ratio of 2.77 and a debt-to-equity ratio of 0.22. Acuity Brands has a 12-month low of $156.84 and a 12-month high of $275.63. The stock’s 50-day moving average price is $248.47 and its 200 day moving average price is $253.07. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 1.77 and a beta of 1.41.

Acuity Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.60 annualized dividend and a yield of 0.22%. Acuity Brands’s payout ratio is 4.88%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AYI shares. Wells Fargo & Company lifted 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 report on Tuesday, September 24th. StockNews.com lowered shares of Acuity Brands from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 27th. Finally, Robert W. Baird decreased their price target on Acuity Brands from $286.00 to $280.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Acuity Brands currently 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.