Acuity Brands (AYI) Expected to Announce Quarterly Earnings on Thursday

Acuity Brands (NYSE:AYI) will likely be announcing its earnings results before the market opens on Thursday, April 3rd. Analysts expect the company to announce earnings of $3.67 per share and revenue of $1.03 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Wednesday, January 8th. The electronics maker reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.10. The company had revenue of $951.60 million during the quarter, compared to analyst estimates of $955.60 million. Acuity Brands had a net margin of 11.11% and a return on equity of 19.98%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $3.72 EPS. On average, analysts expect Acuity Brands to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Acuity Brands Price Performance

Shares of AYI stock opened at $263.89 on Wednesday. The company has a market capitalization of $8.17 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.95 and a beta of 1.41. The company’s 50-day simple moving average is $299.10 and its two-hundred day simple moving average is $304.54. Acuity Brands has a one year low of $217.64 and a one year high of $345.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 2.38.

Acuity Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 18th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.68 annualized dividend and a yield of 0.26%. Acuity Brands’s dividend payout ratio (DPR) is currently 5.01%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on Acuity Brands from $336.00 to $290.00 and set an “equal weight” rating for the company in a report on Friday, March 28th. William Blair raised shares of Acuity Brands from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 2nd. Morgan Stanley raised shares of Acuity Brands from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $304.00 to $370.00 in a research report on Tuesday, January 14th. Oppenheimer upped their price target on shares of Acuity Brands from $370.00 to $380.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Finally, StockNews.com lowered shares of Acuity Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $330.60.

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.