Acuity (NYSE:AYI) Issues FY 2026 Earnings Guidance

Acuity (NYSE:AYI) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 19.000-20.500 for the period, compared to the consensus earnings per share estimate of 18.760. The company issued revenue guidance of $4.7 billion-$4.9 billion, compared to the consensus revenue estimate of $4.8 billion.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AYI. Oppenheimer upped their price target on shares of Acuity from $380.00 to $435.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group lifted their target price on shares of Acuity from $312.00 to $356.00 and gave the company a “neutral” rating in a research note on Thursday. Wells Fargo & Company increased their price target on Acuity from $380.00 to $405.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen boosted their price objective on Acuity from $330.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wall Street Zen upgraded Acuity from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 27th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $395.17.

Acuity Stock Performance

AYI opened at $356.09 on Friday. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 2.02 and a beta of 1.64. The company has a fifty day moving average of $327.63 and a 200 day moving average of $287.76. Acuity has a fifty-two week low of $216.81 and a fifty-two week high of $375.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.38 and a current ratio of 1.95.

Acuity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 17th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 17th. Acuity’s dividend payout ratio (DPR) is presently 5.43%.

Hedge Funds Weigh In On Acuity

Several institutional investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC lifted its stake in shares of Acuity by 50,220.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,268,433 shares of the electronics maker’s stock valued at $676,764,000 after purchasing an additional 2,263,925 shares during the period. Durable Capital Partners LP lifted its stake in shares of Acuity by 13.8% in the 2nd quarter. Durable Capital Partners LP now owns 1,249,899 shares of the electronics maker’s stock valued at $372,895,000 after purchasing an additional 151,414 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of Acuity by 96.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 57,570 shares of the electronics maker’s stock valued at $17,175,000 after purchasing an additional 28,301 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in shares of Acuity by 1,023.6% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 12,596 shares of the electronics maker’s stock valued at $3,758,000 after purchasing an additional 11,475 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Acuity by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 76,543 shares of the electronics maker’s stock worth $20,158,000 after acquiring an additional 11,144 shares in the last quarter. 98.21% of the stock is owned by hedge funds and other institutional investors.

About Acuity

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.