Acuity Brands (AYI) to Release Quarterly Earnings on Tuesday
Acuity Brands (NYSE:AYI) is set to post its quarterly earnings results on Tuesday, October 1st. Persons interested in registering for the company’s earnings conference call can do so using this link.
Acuity Brands (NYSE:AYI) last announced its earnings results on Tuesday, July 2nd. The company reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.09. The company had revenue of $541.50 million for the quarter, compared to the consensus estimate of $518.76 million. During the same quarter last year, the company posted $0.82 earnings per share. Acuity Brands’s revenue was up 11.1% compared to the same quarter last year. On average, analysts expect Acuity Brands to post $3.31 EPS for the current fiscal year and $3.95 EPS for the next fiscal year.
Acuity Brands (NYSE:AYI) opened at 91.15 on Monday. Acuity Brands has a 1-year low of $57.42 and a 1-year high of $94.09. The stock has a 50-day moving average of $88.66 and a 200-day moving average of $79.74. The company has a market cap of $3.847 billion and a price-to-earnings ratio of 34.40.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.57%.
AYI has been the subject of a number of recent research reports. Analysts at UBS AG downgraded shares of Acuity Brands (NYSE:AYI) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. On a related note, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Acuity Brands (NYSE:AYI) in a research note to investors on Tuesday, August 6th. They set a “neutral” rating and a $85.00 price target on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Acuity Brands (NYSE:AYI) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, July 9th. They now have a $78.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $74.08.
Acuity Brands, Inc (NYSE:AYI), incorporated on September 20, 2007, is the parent company of Acuity Brands Lighting, Inc (ABL), and other subsidiaries.
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