Acuity Brands Inc. (AYI) To Go Ex-Dividend on October 14th
Acuity Brands Inc. (NYSE:AYI) declared a quarterly dividend on Friday, September 30th. Stockholders of record on Tuesday, October 18th will be given a dividend of 0.13 per share on Tuesday, November 1st. This represents a $0.52 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend is Friday, October 14th.
Acuity Brands (NYSE:AYI) opened at 244.65 on Thursday. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 36.90 and a beta of 1.46. Acuity Brands has a 1-year low of $169.42 and a 1-year high of $280.89. The stock’s 50 day moving average is $261.59 and its 200 day moving average is $256.17.
Acuity Brands (NYSE:AYI) last posted its quarterly earnings data on Wednesday, October 5th. The company reported $2.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.39 by $0.18. Acuity Brands had a return on equity of 20.99% and a net margin of 8.84%. The firm had revenue of $925.50 million for the quarter. During the same period in the previous year, the business posted $1.63 EPS. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. Analysts predict that Acuity Brands will post $9.70 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in Acuity Brands by 13.2% in the second quarter. State Street Corp now owns 1,619,301 shares of the company’s stock worth $401,529,000 after buying an additional 188,661 shares during the period. American Century Companies Inc. raised its position in Acuity Brands by 3.6% in the second quarter. American Century Companies Inc. now owns 686,571 shares of the company’s stock worth $170,242,000 after buying an additional 23,689 shares during the last quarter. Janus Capital Management LLC raised its position in Acuity Brands by 56.5% in the second quarter. Janus Capital Management LLC now owns 470,533 shares of the company’s stock worth $116,673,000 after buying an additional 169,833 shares during the last quarter. BlackRock Group LTD raised its position in Acuity Brands by 19.2% in the second quarter. BlackRock Group LTD now owns 367,729 shares of the company’s stock worth $91,182,000 after buying an additional 59,332 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Acuity Brands by 302.0% in the second quarter. Guggenheim Capital LLC now owns 177,803 shares of the company’s stock worth $44,088,000 after buying an additional 133,572 shares during the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on AYI shares. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $295.00 price target on shares of Acuity Brands in a report on Friday, September 16th. Canaccord Genuity restated a “buy” rating and issued a $305.00 price target on shares of Acuity Brands in a report on Friday, September 23rd. Roth Capital started coverage on shares of Acuity Brands in a report on Thursday, August 25th. They issued a “neutral” rating and a $275.00 price target for the company. DA Davidson restated a “hold” rating and issued a $255.00 price target on shares of Acuity Brands in a report on Tuesday, October 4th. Finally, Zacks Investment Research upgraded shares of Acuity Brands from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a report on Friday, June 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Acuity Brands presently has a consensus rating of “Buy” and a consensus price target of $275.36.
About Acuity Brands
Acuity Brands, Inc (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets.
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