Analysts predict that Acuity Brands Inc (NYSE:AYI) will post earnings of $2.17 per share for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Acuity Brands’ earnings. The highest EPS estimate is $2.55 and the lowest is $1.97. Acuity Brands posted earnings per share of $2.00 during the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The company is expected to announce its next earnings results before the market opens on Tuesday, January 9th.
On average, analysts expect that Acuity Brands will report full year earnings of $9.12 per share for the current fiscal year, with EPS estimates ranging from $8.82 to $9.45. For the next financial year, analysts anticipate that the firm will post earnings of $9.85 per share, with EPS estimates ranging from $9.40 to $10.35. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Acuity Brands.
Acuity Brands (NYSE:AYI) last released its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.25. The firm had revenue of $957.60 million during the quarter, compared to analyst estimates of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $2.21 EPS.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a report on Tuesday. JMP Securities upgraded shares of Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price objective for the company in a report on Tuesday, October 3rd. Seaport Global Securities reiterated a “buy” rating and set a $200.00 price objective (down previously from $225.00) on shares of Acuity Brands in a report on Friday, October 6th. Wells Fargo & Company lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $225.00 to $185.00 in a report on Friday, September 15th. Finally, Roth Capital set a $130.00 price objective on shares of Acuity Brands and gave the company a “sell” rating in a report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $197.17.
In related news, EVP Mark A. Black sold 7,441 shares of Acuity Brands stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the completion of the sale, the executive vice president now owns 30,649 shares in the company, valued at approximately $4,944,296.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Acuity Brands by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,299,432 shares of the electronics maker’s stock valued at $873,989,000 after purchasing an additional 117,422 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Acuity Brands by 12.8% in the 2nd quarter. BlackRock Inc. now owns 4,260,836 shares of the electronics maker’s stock valued at $866,145,000 after purchasing an additional 484,537 shares in the last quarter. Standard Life Investments LTD raised its holdings in shares of Acuity Brands by 24.9% in the 2nd quarter. Standard Life Investments LTD now owns 1,786,392 shares of the electronics maker’s stock valued at $363,146,000 after purchasing an additional 356,199 shares in the last quarter. Atlanta Capital Management Co. L L C raised its holdings in shares of Acuity Brands by 19.6% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,413,636 shares of the electronics maker’s stock valued at $287,363,000 after purchasing an additional 231,406 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Acuity Brands by 0.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,391,291 shares of the electronics maker’s stock valued at $282,740,000 after purchasing an additional 11,248 shares in the last quarter.
Acuity Brands (AYI) traded up $4.30 during trading on Friday, hitting $165.83. 591,907 shares of the stock traded hands, compared to its average volume of 716,743. The company has a market cap of $7,000.00, a price-to-earnings ratio of 20.98, a PEG ratio of 1.76 and a beta of 1.43. The company has a quick ratio of 1.53, a current ratio of 2.07 and a debt-to-equity ratio of 0.21. Acuity Brands has a 12-month low of $153.28 and a 12-month high of $249.72.
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About Acuity Brands
Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.
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