Acuity Brands (NYSE:AYI) Updates 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 EPS guidance of 16.000-17.500 for the period, compared to the consensus EPS estimate of 16.750. The company issued revenue guidance of $3.9 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion.

Acuity Brands Trading Up 2.9 %

AYI traded up $8.74 on Friday, hitting $306.77. 290,172 shares of the company were exchanged, compared to its average volume of 256,292. The stock has a market capitalization of $9.44 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.77 and a beta of 1.41. Acuity Brands has a 12 month low of $156.84 and a 12 month high of $307.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.15 and a current ratio of 2.77. The firm has a fifty day simple moving average of $251.82 and a two-hundred day simple moving average of $254.09.

Acuity Brands (NYSE:AYI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 1st. The electronics maker reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.90 by $0.40. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. Acuity Brands had a net margin of 10.12% and a return on equity of 20.97%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.74 EPS. Sell-side analysts expect that Acuity Brands will post 14.26 earnings per share for the current year.

Acuity Brands Announces Dividend

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

Analyst Ratings Changes

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

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.