Acuity Brands (NYSE:AYI) Issues FY25 Earnings Guidance

Acuity Brands (NYSE:AYI) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $16.00-17.50 for the period, compared to the consensus estimate of $16.44. The company issued revenue guidance of $3.9-4.1 billion, compared to the consensus revenue estimate of $3.98 billion.

Analyst Upgrades and Downgrades

AYI has been the subject of several analyst reports. Robert W. Baird lowered their price objective on Acuity Brands from $286.00 to $280.00 and set a neutral rating for the company in a research report on Tuesday, June 18th. Wells Fargo & Company increased their price target on Acuity Brands from $260.00 to $289.00 and gave the stock an equal weight rating in a report on Tuesday, September 24th. Finally, StockNews.com lowered shares of Acuity Brands from a strong-buy rating to a buy rating in a report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $286.25.

Acuity Brands Trading Up 8.7 %

AYI opened at $299.35 on Wednesday. Acuity Brands has a 52 week low of $156.84 and a 52 week high of $303.04. The company has a quick ratio of 2.15, a current ratio of 2.77 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $249.68 and a 200-day simple moving average of $253.45. The firm has a market cap of $9.21 billion, a P/E ratio of 24.34, a P/E/G ratio of 1.77 and a beta of 1.41.

Acuity Brands (NYSE:AYI) last released its earnings results on Tuesday, October 1st. The electronics maker reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.85 by $0.45. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Acuity Brands had a return on equity of 20.97% and a net margin of 10.12%. Acuity Brands’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.74 EPS. On average, equities analysts expect that Acuity Brands will post 14.26 earnings per share for the current year.

Acuity Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Friday, October 18th. Acuity Brands’s payout ratio is currently 4.88%.

About Acuity Brands

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.