Acuity Brands (NYSE:AYI) Posts Quarterly Earnings Results, Beats Expectations By $0.40 EPS

Acuity Brands (NYSE:AYI) issued its quarterly earnings data on Tuesday. The electronics maker reported $4.30 EPS for the quarter, beating analysts’ consensus estimates of $3.90 by $0.40, Briefing.com reports. Acuity Brands had a return on equity of 20.97% and a net margin of 10.12%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $3.74 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Acuity Brands updated its FY25 guidance to $16.00-17.50 EPS.

Acuity Brands Price Performance

Shares of AYI stock opened at $300.21 on Thursday. Acuity Brands has a 12 month low of $156.84 and a 12 month high of $303.04. The company has a market capitalization of $9.24 billion, a P/E ratio of 24.41, a P/E/G ratio of 1.77 and a beta of 1.41. The stock has a 50 day moving average of $250.76 and a two-hundred day moving average of $253.78. The company has a current ratio of 2.77, a quick ratio of 2.15 and a debt-to-equity ratio of 0.22.

Acuity Brands Announces Dividend

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

Analyst Ratings Changes

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