Acuity Brands, Inc. (NYSE:AYI) has received a consensus rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $98.88.
AYI has been the subject of several research reports. Credit Suisse Group boosted their price objective on shares of Acuity Brands from $109.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Zacks Investment Research cut shares of Acuity Brands from a “buy” rating to a “hold” rating and set a $94.00 price objective for the company. in a research note on Tuesday, June 23rd. Goldman Sachs Group cut shares of Acuity Brands from a “neutral” rating to a “sell” rating and set a $80.00 price objective for the company. in a research note on Monday, June 15th. Cowen boosted their price objective on shares of Acuity Brands from $115.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, JMP Securities cut shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 9th.
AYI traded down $1.94 during trading on Tuesday, hitting $99.10. The company’s stock had a trading volume of 889,355 shares, compared to its average volume of 582,962. The firm’s 50 day moving average price is $94.20 and its 200-day moving average price is $96.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.40 and a quick ratio of 1.78. The stock has a market cap of $3.93 billion, a PE ratio of 14.53, a PEG ratio of 1.57 and a beta of 1.39. Acuity Brands has a twelve month low of $67.46 and a twelve month high of $143.55.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Tuesday, June 30th. The electronics maker reported $1.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.72. The company had revenue of $776.20 million during the quarter, compared to the consensus estimate of $746.61 million. Acuity Brands had a return on equity of 15.57% and a net margin of 8.02%. Acuity Brands’s revenue was down 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.53 EPS. Equities analysts anticipate that Acuity Brands will post 6.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 17th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $0.52 dividend on an annualized basis and a yield of 0.52%. Acuity Brands’s payout ratio is currently 5.78%.
A number of large investors have recently bought and sold shares of the business. Comerica Bank boosted its position in Acuity Brands by 7.0% in the 2nd quarter. Comerica Bank now owns 26,492 shares of the electronics maker’s stock valued at $2,705,000 after buying an additional 1,729 shares during the last quarter. State of Michigan Retirement System boosted its position in Acuity Brands by 31.0% in the 2nd quarter. State of Michigan Retirement System now owns 14,414 shares of the electronics maker’s stock valued at $1,380,000 after buying an additional 3,414 shares during the last quarter. Duality Advisers LP purchased a new position in Acuity Brands in the 2nd quarter valued at about $798,000. M&T Bank Corp boosted its position in Acuity Brands by 9.0% in the 2nd quarter. M&T Bank Corp now owns 3,260 shares of the electronics maker’s stock valued at $311,000 after buying an additional 269 shares during the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new position in Acuity Brands in the 2nd quarter valued at about $5,266,000. 91.31% of the stock is owned by institutional investors.
Acuity Brands Company Profile
Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.
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