Acuity Brands (NYSE:AYI) Announces Earnings Results, Beats Estimates By $0.06 EPS

Acuity Brands (NYSE:AYI - Get Free Report) announced its quarterly earnings data on Thursday. The electronics maker reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.06, RTT News reports. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. Acuity Brands had a return on equity of 19.98% and a net margin of 11.11%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $3.38 EPS. Acuity Brands updated its FY 2025 guidance to 16.500-18.000 EPS.

Acuity Brands Stock Performance

Shares of NYSE AYI traded down $2.79 during trading hours on Tuesday, hitting $224.57. 523,904 shares of the stock were exchanged, compared to its average volume of 289,509. Acuity Brands has a one year low of $217.64 and a one year high of $345.30. The company's 50 day moving average is $292.07 and its 200 day moving average is $303.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 2.38. The firm has a market capitalization of $6.95 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.95 and a beta of 1.43.

Acuity Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 18th will be issued 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 yield of 0.30%. Acuity Brands's dividend payout ratio (DPR) is presently 5.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Robert W. Baird lowered their price target on shares of Acuity Brands from $310.00 to $295.00 and set a "neutral" rating on the stock in a report on Friday. William Blair upgraded Acuity Brands from a "market perform" rating to an "outperform" rating in a research note on Thursday, January 2nd. Oppenheimer raised their price target on Acuity Brands from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. StockNews.com cut Acuity Brands from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Wells Fargo & Company cut their price objective on shares of Acuity Brands from $290.00 to $275.00 and set an "equal weight" rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $317.60.

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.