Acuity Brands Inc (ayi) to Issue Quarterly Dividend of $0.13 on February 1st
Acuity Brands Inc (NYSE:ayi) declared a quarterly dividend on Friday, January 6th. Stockholders of record on Monday, January 23rd will be paid a dividend of 0.13 per share on Wednesday, February 1st. This represents a $0.52 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Thursday, January 19th.
Acuity Brands (NYSE:AYI) opened at 215.18 on Friday. The stock has a 50 day moving average price of $238.47 and a 200 day moving average price of $252.26. The stock has a market cap of $9.42 billion, a PE ratio of 31.10 and a beta of 1.37. Acuity Brands has a 52 week low of $169.42 and a 52 week high of $280.89.
Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Monday, January 9th. The company reported $2.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Acuity Brands had a net margin of 8.93% and a return on equity of 20.71%. The company earned $821.20 million during the quarter. During the same quarter in the prior year, the company earned $1.65 EPS. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. On average, equities analysts predict that Acuity Brands will post $8.84 earnings per share for the current year.
Several equities analysts recently weighed in on AYI shares. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $295.00 target price on shares of Acuity Brands in a research report on Friday, September 16th. Canaccord Genuity reiterated a “buy” rating and set a $305.00 target price on shares of Acuity Brands in a research report on Friday, September 23rd. Williams Capital started coverage on Acuity Brands in a research report on Friday, September 30th. They set a “buy” rating and a $306.00 target price on the stock. Roth Capital set a $275.00 target price on Acuity Brands and gave the stock a “hold” rating in a research report on Saturday, October 1st. Finally, DA Davidson reiterated a “hold” rating and set a $255.00 target price on shares of Acuity Brands in a research report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $265.67.
Several large investors have recently bought and sold shares of the stock. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in Acuity Brands during the second quarter worth about $174,000. Point72 Asia Hong Kong Ltd raised its stake in Acuity Brands by 250.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 700 shares of the company’s stock worth $174,000 after buying an additional 500 shares during the period. Pacer Advisors Inc. raised its stake in Acuity Brands by 9.2% in the second quarter. Pacer Advisors Inc. now owns 771 shares of the company’s stock worth $191,000 after buying an additional 65 shares during the period. Nuveen Fund Advisors LLC bought a new stake in Acuity Brands during the second quarter worth about $217,000. Finally, Croft Leominster Inc. bought a new stake in Acuity Brands during the second quarter worth about $223,000. Institutional investors and hedge funds own 91.12% of the company’s stock.
About Acuity Brands
Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.
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