Acuity Brands (NYSE:AYI) released its quarterly earnings data on Tuesday. The electronics maker reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.72, MarketWatch Earnings reports. The company had revenue of $776.20 million for the quarter, compared to analysts’ expectations of $746.61 million. Acuity Brands had a net margin of 8.43% and a return on equity of 17.18%. The business’s revenue was down 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.53 EPS.
AYI opened at $89.33 on Wednesday. The stock has a 50-day moving average price of $90.07 and a 200-day moving average price of $103.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.29 and a quick ratio of 1.68. Acuity Brands has a 1 year low of $67.46 and a 1 year high of $143.55. The firm has a market cap of $3.35 billion, a PE ratio of 11.88, a P/E/G ratio of 1.33 and a beta of 1.36.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 17th will be given a $0.13 dividend. The ex-dividend date is Thursday, July 16th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.58%. Acuity Brands’s dividend payout ratio is currently 5.78%.
Several analysts have recently commented on AYI shares. Robert W. Baird increased their price objective on Acuity Brands from $80.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Goldman Sachs Group lowered shares of Acuity Brands from a “neutral” rating to a “sell” rating and set a $80.00 price target for the company. in a research note on Monday, June 15th. Zacks Investment Research cut Acuity Brands from a “buy” rating to a “hold” rating and set a $94.00 price objective on the stock. in a research note on Tuesday, June 23rd. JMP Securities downgraded Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 9th. Finally, Credit Suisse Group reduced their price objective on shares of Acuity Brands from $111.00 to $109.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Acuity Brands presently has a consensus rating of “Hold” and an average target price of $101.56.
About Acuity Brands
Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.
Further Reading: What is dollar cost averaging (DCA)?
Receive News & Ratings for Acuity Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands and related companies with MarketBeat.com's FREE daily email newsletter.