Acuity Brands (AYI) Expected to Announce Earnings on Thursday

Acuity Brands (NYSE:AYI - Get Free Report) is projected to release its earnings data before the market opens on Thursday, April 3rd. Analysts expect Acuity Brands to post earnings of $3.67 per share and revenue of $1.03 billion for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Acuity Brands (NYSE:AYI - Get Free Report) last released its earnings results on Wednesday, January 8th. The electronics maker reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.10. Acuity Brands had a net margin of 11.11% and a return on equity of 19.98%. The company had revenue of $951.60 million during the quarter, compared to analyst estimates of $955.60 million. During the same period in the prior year, the firm posted $3.72 EPS. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts expect Acuity Brands to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Acuity Brands Stock Performance

NYSE AYI traded down $5.39 on Friday, reaching $262.44. 447,445 shares of the stock were exchanged, compared to its average volume of 277,480. The firm has a market capitalization of $8.12 billion, a PE ratio of 19.33, a PEG ratio of 1.95 and a beta of 1.41. Acuity Brands has a one year low of $217.64 and a one year high of $345.30. The company's 50-day simple moving average is $301.88 and its two-hundred day simple moving average is $304.43. The company has a current ratio of 2.98, a quick ratio of 2.38 and a debt-to-equity ratio of 0.20.

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Acuity Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 18th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.26%. Acuity Brands's payout ratio is 5.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. StockNews.com lowered Acuity Brands from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 1st. Wells Fargo & Company cut their target price on Acuity Brands from $336.00 to $290.00 and set an "equal weight" rating for the company in a research report on Friday. Robert W. Baird lowered their price target on Acuity Brands from $340.00 to $310.00 and set a "neutral" rating on the stock in a report on Thursday. William Blair upgraded Acuity Brands from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 2nd. Finally, Oppenheimer lifted their price objective on shares of Acuity Brands from $370.00 to $380.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Acuity Brands presently has an average rating of "Moderate Buy" and a consensus price target of $330.60.

Acuity Brands Company Profile

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.