Acuity Brands (NYSE:AYI) Releases FY25 Earnings Guidance

Acuity Brands (NYSE:AYI) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $16.00-17.50 for the period, compared to the consensus EPS estimate of $16.44. The company issued revenue guidance of $3.9-4.1 billion, compared to the consensus revenue estimate of $3.98 billion.

Acuity Brands Stock Performance

Shares of NYSE AYI traded up $17.39 during midday trading on Tuesday, reaching $292.78. The company’s stock had a trading volume of 405,208 shares, compared to its average volume of 251,023. The stock has a market capitalization of $9.01 billion, a P/E ratio of 23.37, a PEG ratio of 1.77 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.77 and a quick ratio of 2.15. The firm has a 50 day moving average price of $248.84 and a 200-day moving average price of $253.17. Acuity Brands has a 12-month low of $156.84 and a 12-month high of $298.03.

Acuity Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.60 annualized dividend and a yield of 0.20%. Acuity Brands’s dividend payout ratio is currently 4.88%.

Analysts Set New Price Targets

A number of research firms have recently commented on AYI. Robert W. Baird lowered their target price on Acuity Brands from $286.00 to $280.00 and set a neutral rating on the stock in a research note on Tuesday, June 18th. Wells Fargo & Company lifted their price objective on shares of Acuity Brands from $260.00 to $289.00 and gave the stock an equal weight rating in a research report on Tuesday, September 24th. Finally, StockNews.com downgraded shares of Acuity Brands from a strong-buy rating to a buy rating in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Acuity Brands has a consensus rating of Hold and an average target price of $286.25.

About Acuity Brands

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.