Q2 2018 EPS Estimates for Acuity Brands, Inc. (AYI) Increased by Analyst
Acuity Brands, Inc. (NYSE:AYI) – Equities researchers at Seaport Global Securities boosted their Q2 2018 earnings per share estimates for Acuity Brands in a research note issued on Thursday. Seaport Global Securities analyst M. Mccall now forecasts that the electronics maker will post earnings of $1.81 per share for the quarter, up from their prior forecast of $1.75. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Acuity Brands’ Q3 2018 earnings at $2.59 EPS, Q4 2018 earnings at $3.13 EPS and FY2018 earnings at $9.34 EPS.
AYI has been the subject of several other reports. KeyCorp started coverage on shares of Acuity Brands in a research report on Friday, October 13th. They issued a “sector weight” rating for the company. Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. JMP Securities raised 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 research report on Tuesday, October 3rd. Robert W. Baird reaffirmed a “hold” rating and issued a $198.00 price objective on shares of Acuity Brands in a research report on Tuesday, January 9th. Finally, Roth Capital set a $130.00 price objective on shares of Acuity Brands and gave the company a “sell” rating in a research report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $196.23.
Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Tuesday, January 9th. The electronics maker reported $1.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.16). Acuity Brands had a net margin of 8.91% and a return on equity of 20.08%.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 22nd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Friday, January 19th. Acuity Brands’s dividend payout ratio is presently 7.14%.
In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 30,649 shares of the company’s stock, valued at approximately $4,944,296.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of AYI. BlackRock Inc. raised its position in Acuity Brands by 12.8% during the 2nd quarter. BlackRock Inc. now owns 4,260,836 shares of the electronics maker’s stock worth $866,145,000 after buying an additional 484,537 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Acuity Brands by 68.1% during the 3rd quarter. American Century Companies Inc. now owns 779,190 shares of the electronics maker’s stock worth $133,460,000 after purchasing an additional 315,610 shares during the period. Atlanta Capital Management Co. L L C grew its stake in shares of Acuity Brands by 19.6% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,413,636 shares of the electronics maker’s stock worth $287,363,000 after purchasing an additional 231,406 shares during the period. Alyeska Investment Group L.P. grew its stake in shares of Acuity Brands by 34.3% during the 3rd quarter. Alyeska Investment Group L.P. now owns 886,653 shares of the electronics maker’s stock worth $151,866,000 after purchasing an additional 226,605 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Acuity Brands by 269.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 215,728 shares of the electronics maker’s stock worth $43,853,000 after purchasing an additional 157,308 shares during the period.
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Acuity Brands Company Profile
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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