Acuity Brands (AYI) to Release Earnings on Tuesday

Acuity Brands (NYSE:AYI - Get Free Report) is set to release its earnings data before the market opens on Tuesday, October 1st. Analysts expect Acuity Brands to post earnings of $3.85 per share for the quarter. Persons interested in registering for 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 Thursday, June 27th. The electronics maker reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates of $3.82 by $0.33. The business had revenue of $968.10 million for the quarter, compared to analyst estimates of $996.52 million. Acuity Brands had a net margin of 10.12% and a return on equity of 20.97%. The business's revenue was down 3.2% on a year-over-year basis. During the same period last year, the company posted $3.50 EPS. On average, analysts expect Acuity Brands to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Acuity Brands Price Performance

Shares of Acuity Brands stock traded up $0.75 on Tuesday, hitting $272.46. 157,881 shares of the company were exchanged, compared to its average volume of 249,219. Acuity Brands has a 1-year low of $156.84 and a 1-year high of $275.05. The company has a quick ratio of 2.15, a current ratio of 2.77 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $247.72 and a 200 day moving average price of $252.77. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.62 and a beta of 1.41.

Acuity Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Thursday, July 18th were issued a $0.15 dividend. The ex-dividend date was Thursday, July 18th. This represents a $0.60 annualized dividend and a yield of 0.22%. Acuity Brands's payout ratio is 4.88%.

Analysts Set New Price Targets

Several analysts have recently commented on AYI shares. StockNews.com lowered shares of Acuity Brands from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 27th. Robert W. Baird decreased their price target 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. Finally, Wells Fargo & Company raised their price objective on Acuity Brands from $260.00 to $289.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $286.25.

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.