Acuity Brands (AYI) Expected to Announce Quarterly Earnings on Thursday

Acuity Brands (NYSE:AYI) is expected to release its earnings data before the market opens on Thursday, April 3rd. Analysts expect Acuity Brands to post earnings of $3.67 per share and revenue of $1.03 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Wednesday, January 8th. The electronics maker reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.10. The firm had revenue of $951.60 million during the quarter, compared to analyst estimates of $955.60 million. Acuity Brands had a return on equity of 19.98% and a net margin of 11.11%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.72 earnings per share. On average, analysts expect Acuity Brands to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Acuity Brands Price Performance

NYSE:AYI opened at $263.89 on Wednesday. The business’s 50-day moving average is $299.10 and its 200 day moving average is $304.54. Acuity Brands has a 12 month low of $217.64 and a 12 month high of $345.30. The company has a market capitalization of $8.17 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.95 and a beta of 1.41. The company has a current ratio of 2.98, a quick ratio of 2.38 and a debt-to-equity ratio of 0.20.

Acuity Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 18th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.26%. Acuity Brands’s dividend payout ratio (DPR) is 5.01%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Acuity Brands from $340.00 to $310.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. StockNews.com cut shares of Acuity Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Wells Fargo & Company dropped their price target on Acuity Brands from $336.00 to $290.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Morgan Stanley upgraded Acuity Brands from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $304.00 to $370.00 in a research report on Tuesday, January 14th. Finally, Oppenheimer lifted their target price on Acuity Brands from $370.00 to $380.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $330.60.

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.