Equities research analysts expect that Acuity Brands Inc (NYSE:AYI) will report sales of $886.05 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Acuity Brands’ earnings. The highest sales estimate is $933.27 million and the lowest is $860.00 million. Acuity Brands reported sales of $851.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.1%. The firm is scheduled to issue its next earnings report on Monday, January 8th.

On average, analysts expect that Acuity Brands will report full year sales of $886.05 million for the current fiscal year, with estimates ranging from $3.64 billion to $3.75 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.90 billion per share, with estimates ranging from $3.79 billion to $3.94 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Acuity Brands.

Acuity Brands (NYSE:AYI) last released its quarterly earnings data on Wednesday, October 4th. The electronics maker reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The firm had revenue of $957.60 million during the quarter, compared to analysts’ expectations of $975.05 million. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.21 earnings per share.

A number of equities analysts recently weighed in on AYI shares. Deutsche Bank AG upped their target price on shares of Acuity Brands from $215.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Wolfe Research started coverage on shares of Acuity Brands in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $237.00 target price for the company. Zacks Investment Research lowered shares of Acuity Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Roth Capital reaffirmed a “sell” rating and issued a $150.00 target price on shares of Acuity Brands in a research note on Tuesday, July 4th. Finally, Cowen and Company reduced their target price on shares of Acuity Brands from $230.00 to $226.00 and set an “outperform” rating for the company in a research note on Friday, June 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $197.17.

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Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 117,422 shares during the period. BlackRock Inc. raised its holdings in 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 acquiring an additional 484,537 shares during the period. State Street Corp raised its holdings in Acuity Brands by 5.2% in the 1st quarter. State Street Corp now owns 2,024,076 shares of the electronics maker’s stock valued at $412,907,000 after acquiring an additional 100,424 shares during the period. Standard Life Investments LTD raised its holdings in 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 acquiring an additional 356,199 shares during the period. Finally, Atlanta Capital Management Co. L L C raised its holdings in 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 acquiring an additional 231,406 shares during the period.

Shares of Acuity Brands (NYSE AYI) opened at 164.89 on Tuesday. The company’s 50-day moving average price is $171.63 and its 200-day moving average price is $180.98. Acuity Brands has a 52-week low of $153.28 and a 52-week high of $261.43. The firm has a market cap of $6.91 billion, a PE ratio of 22.19 and a beta of 1.43.

Acuity Brands announced that its Board of Directors has initiated a stock buyback plan on Thursday, June 29th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the electronics maker to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Wednesday, October 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, October 17th. This represents a $0.52 annualized dividend and a yield of 0.32%. Acuity Brands’s dividend payout ratio (DPR) is currently 6.99%.

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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Earnings History and Estimates for Acuity Brands (NYSE:AYI)

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