Zacks Research Predicts Acuity Brands FY2027 Earnings

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

Acuity Brands (NYSE:AYI) last announced its earnings results on Tuesday, October 1st. The electronics maker reported $4.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.90 by $0.40. Acuity Brands had a return on equity of 20.49% and a net margin of 11.00%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company earned $3.74 EPS. The business’s revenue was up 2.2% compared to the same quarter last year.

A number of other brokerages have also recently issued reports on AYI. Oppenheimer lifted their price objective on Acuity Brands from $315.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group increased their price objective on shares of Acuity Brands from $266.00 to $303.00 and gave the company 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 report on Tuesday, August 27th. Robert W. Baird increased their price target on shares of Acuity Brands from $280.00 to $318.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Finally, 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 report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $324.00.

Acuity Brands Price Performance

Shares of AYI opened at $307.39 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.16 and a current ratio of 2.72. The stock has a market cap of $9.46 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.97 and a beta of 1.41. The firm’s 50-day simple moving average is $267.22 and its two-hundred day simple moving average is $257.09. Acuity Brands has a fifty-two week low of $156.84 and a fifty-two week high of $312.20.

Acuity Brands Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its position in Acuity Brands by 366.2% in 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 during the period. Jupiter Asset Management Ltd. grew its holdings in shares of Acuity Brands by 187.8% in the second quarter. Jupiter Asset Management Ltd. now owns 330,331 shares of the electronics maker’s stock worth $79,755,000 after acquiring an additional 215,547 shares during the period. Millennium Management LLC increased its position in Acuity Brands by 353.1% during the second 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 last quarter. Pacer Advisors Inc. lifted its holdings in Acuity Brands by 35.7% in the second quarter. Pacer Advisors Inc. now owns 407,164 shares of the electronics maker’s stock valued at $98,306,000 after acquiring an additional 107,171 shares during the period. Finally, Swedbank AB purchased a new position in Acuity Brands in the first quarter worth about $25,188,000. Institutional investors own 98.21% of the company’s stock.

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.