Acuity Brands, Inc. Announces Quarterly Dividend of $0.13 (AYI)
Acuity Brands (NYSE:AYI) declared a quarterly dividend on Monday, June 30th, Stock Ratings Network.com reports. Shareholders of record on Friday, July 18th will be given a dividend of 0.13 per share on Friday, August 1st. This represents a $0.52 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Wednesday, July 16th.
AYI has been the subject of a number of recent research reports. Analysts at Sidoti upgraded shares of Acuity Brands from a “neutral” rating to a “buy” rating in a research note on Monday, April 7th. They now have a $172.00 price target on the stock, up previously from $148.00. On a related note, analysts at Canaccord Genuity upgraded shares of Acuity Brands from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. They now have a $172.00 price target on the stock, up previously from $128.00. Finally, analysts at Northland Securities reiterated a “hold” rating on shares of Acuity Brands in a research note on Wednesday, April 2nd. They now have a $135.00 price target on the stock, up previously from $91.00. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Acuity Brands presently has an average rating of “Hold” and a consensus price target of $128.87.
Shares of Acuity Brands (NYSE:AYI) traded up 1.42% on Monday, hitting $138.25. 665,256 shares of the company’s stock traded hands. Acuity Brands has a 52-week low of $75.62 and a 52-week high of $146.28. The stock’s 50-day moving average is $127.7 and its 200-day moving average is $126.9. The company has a market cap of $5.917 billion and a P/E ratio of 38.41.
Acuity Brands (NYSE:AYI) last announced its earnings results on Wednesday, April 2nd. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.84 by $0.09. The company had revenue of $546.20 million for the quarter, compared to the consensus estimate of $553.95 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Acuity Brands will post $4.17 earnings per share for the current fiscal year.
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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