Zacks Research Estimates Acuity Brands FY2027 Earnings

Acuity Brands, Inc. (NYSE:AYI - Free Report) - Equities research analysts at Zacks Research issued their FY2027 earnings estimates for shares of Acuity Brands in a report released on Tuesday, October 15th. Zacks Research analyst A. Ram forecasts that the electronics maker will post earnings of $17.19 per share for the year. The consensus estimate for Acuity Brands' current full-year earnings is $15.48 per share.

AYI has been the topic of several other reports. The Goldman Sachs Group boosted their price target on shares of Acuity Brands from $266.00 to $303.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. StockNews.com cut shares of Acuity Brands from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 27th. Wells Fargo & Company boosted their price objective on shares of Acuity Brands from $289.00 to $305.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. Oppenheimer boosted their price objective on shares of Acuity Brands from $315.00 to $370.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird boosted their price objective on shares of Acuity Brands from $280.00 to $318.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Acuity Brands presently has a consensus rating of "Hold" and an average price target of $324.00.

Acuity Brands Stock Up 0.6 %

NYSE:AYI traded up $1.82 on Thursday, hitting $306.82. 234,620 shares of the company's stock were exchanged, compared to its average volume of 256,073. The firm has a 50-day moving average price of $264.08 and a 200-day moving average price of $256.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.72 and a quick ratio of 2.16. Acuity Brands has a 52 week low of $156.84 and a 52 week high of $312.20. The company has a market cap of $9.44 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 1.97 and a beta of 1.41.

Acuity Brands (NYSE:AYI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 1st. The electronics maker reported $4.30 EPS for the quarter, topping the consensus estimate of $3.90 by $0.40. Acuity Brands had a net margin of 11.00% and a return on equity of 20.49%. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the firm posted $3.74 EPS. The company's revenue for the quarter was up 2.2% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC grew its position in shares of Acuity Brands by 366.2% during the 2nd quarter. Acadian Asset Management LLC now owns 345,628 shares of the electronics maker's stock worth $83,430,000 after purchasing an additional 271,485 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in Acuity Brands by 187.8% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 330,331 shares of the electronics maker's stock valued at $79,755,000 after purchasing an additional 215,547 shares during the last quarter. Millennium Management LLC increased its position in Acuity Brands by 353.1% in the 2nd quarter. Millennium Management LLC now owns 173,683 shares of the electronics maker's stock valued at $41,934,000 after acquiring an additional 135,350 shares during the period. Pacer Advisors Inc. increased its position in shares of Acuity Brands by 35.7% during the second quarter. Pacer Advisors Inc. now owns 407,164 shares of the electronics maker's stock worth $98,306,000 after buying an additional 107,171 shares during the period. Finally, Swedbank AB acquired a new stake in Acuity Brands in the first quarter worth $25,188,000. 98.21% of the stock is currently owned by institutional investors and hedge funds.

Acuity Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, October 18th. This represents a $0.60 annualized dividend and a dividend yield of 0.20%. Acuity Brands's dividend payout ratio is presently 4.88%.

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.