Wall Street analysts expect Acuity Brands, Inc. (NYSE:AYI) to report sales of $808.63 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Acuity Brands’ earnings. The highest sales estimate is $829.00 million and the lowest is $789.00 million. Acuity Brands posted sales of $804.70 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.5%. The firm is expected to announce its next earnings report on Tuesday, April 3rd.

According to Zacks, analysts expect that Acuity Brands will report full year sales of $808.63 million for the current year, with estimates ranging from $3.52 billion to $3.65 billion. For the next financial year, analysts forecast that the business will report sales of $3.71 billion per share, with estimates ranging from $3.64 billion to $3.79 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Acuity Brands.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Tuesday, January 9th. The electronics maker reported $1.81 EPS for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.16). Acuity Brands had a return on equity of 20.08% and a net margin of 8.91%.

Several equities research analysts recently issued reports on the company. JMP Securities raised Acuity Brands from an “underperform” rating to a “market perform” rating and set a $183.00 price objective for the company in a research note on Tuesday, October 3rd. KeyCorp assumed coverage on Acuity Brands in a research note on Friday, October 13th. They set a “sector weight” rating for the company. Zacks Investment Research raised Acuity Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Robert W. Baird lowered Acuity Brands from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $212.00 to $178.00 in a research note on Tuesday, September 19th. Finally, Wolfe Research lowered Acuity Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. Two research 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’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $196.23.

Acuity Brands (NYSE:AYI) traded up $1.85 during trading hours on Tuesday, reaching $160.59. The company had a trading volume of 1,887,407 shares, compared to its average volume of 866,313. The company has a market capitalization of $6,770.00, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.60 and a beta of 1.43. Acuity Brands has a 12 month low of $153.28 and a 12 month high of $225.36. The company has a quick ratio of 1.65, a current ratio of 2.23 and a debt-to-equity ratio of 0.21.

The company 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. The ex-dividend date is Friday, January 19th. This represents a $0.52 dividend on an annualized basis and a yield of 0.32%. Acuity Brands’s payout ratio is 7.14%.

In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the sale, the executive vice president now owns 30,649 shares in the company, valued at $4,944,296.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale raised its position in Acuity Brands by 14.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,686 shares of the electronics maker’s stock valued at $1,091,000 after purchasing an additional 728 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Acuity Brands by 32.3% in the third quarter. First Trust Advisors LP now owns 41,347 shares of the electronics maker’s stock worth $7,082,000 after buying an additional 10,097 shares during the period. Advisor Group Inc. increased its holdings in shares of Acuity Brands by 22.3% in the third quarter. Advisor Group Inc. now owns 2,475 shares of the electronics maker’s stock worth $424,000 after buying an additional 452 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Acuity Brands by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 51,934 shares of the electronics maker’s stock worth $10,557,000 after buying an additional 1,745 shares during the period. Finally, Aperio Group LLC increased its holdings in shares of Acuity Brands by 10.4% in the third quarter. Aperio Group LLC now owns 11,713 shares of the electronics maker’s stock worth $2,006,000 after buying an additional 1,106 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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