Acuity Brands (NYSE:AYI) Issues FY 2025 Earnings Guidance

Acuity Brands (NYSE:AYI - Get Free Report) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share guidance of 16.500-18.000 for the period, compared to the consensus earnings per share estimate of 17.460. The company issued revenue guidance of $4.3 billion-$4.5 billion, compared to the consensus revenue estimate of $4.4 billion.

Acuity Brands Price Performance

Shares of NYSE AYI traded down $8.45 during midday trading on Friday, reaching $305.19. The company's stock had a trading volume of 445,513 shares, compared to its average volume of 494,035. Acuity Brands has a one year low of $217.64 and a one year high of $337.99. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40. The company has a 50 day moving average price of $315.26 and a 200 day moving average price of $280.14. The company has a current ratio of 2.72, a quick ratio of 2.16 and a debt-to-equity ratio of 0.21.

Acuity Brands (NYSE:AYI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 8th. The electronics maker reported $3.97 earnings per share for the quarter, topping analysts' consensus estimates of $3.87 by $0.10. Acuity Brands had a return on equity of 20.49% and a net margin of 11.00%. The firm had revenue of $951.60 million for the quarter, compared to analysts' expectations of $955.60 million. During the same quarter last year, the business posted $3.72 EPS. Acuity Brands's revenue was up 1.8% on a year-over-year basis. On average, equities research analysts expect that Acuity Brands will post 15.51 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AYI shares. The Goldman Sachs Group lifted their price target on Acuity Brands from $266.00 to $303.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. Wells Fargo & Company lifted their price objective on shares of Acuity Brands from $320.00 to $336.00 and gave the company an "equal weight" rating in a research note on Thursday. StockNews.com downgraded shares of Acuity Brands from a "strong-buy" rating to a "buy" rating in a research report on Friday. Morgan Stanley initiated coverage on Acuity Brands in a research report on Monday. They issued an "equal weight" rating and a $304.00 price target for the company. Finally, Oppenheimer raised their price objective on Acuity Brands from $370.00 to $380.00 and gave the company an "outperform" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $328.20.

Insider Buying and Selling at Acuity Brands

In other news, SVP Barry R. Goldman sold 5,120 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $305.00, for a total value of $1,561,600.00. Following the sale, the senior vice president now owns 8,438 shares in the company, valued at approximately $2,573,590. This trade represents a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company's stock.

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.