Acuity Brands Inc (NYSE:AYI) – Seaport Global Securities decreased their Q2 2017 earnings per share (EPS) estimates for shares of Acuity Brands in a report released on Tuesday. Seaport Global Securities analyst M. Mccall now anticipates that the brokerage will post earnings per share of $1.72 for the quarter, down from their previous forecast of $1.90. Seaport Global Securities has a “Buy” rating and a $290.00 price objective on the stock. Seaport Global Securities also issued estimates for Acuity Brands’ Q3 2017 earnings at $2.40 EPS and Q4 2017 earnings at $2.76 EPS.

Acuity Brands (NYSE:AYI) last issued its earnings results on Monday, January 9th. The company reported $2.00 earnings per share (EPS) for the quarter, missing the Zacks’ 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 period in the previous year, the business posted $1.65 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year.

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Earnings History and Estimates for Acuity Brands (NYSE:AYI)

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity reissued a “buy” rating and issued a $286.00 target price (down previously from $305.00) on shares of Acuity Brands in a research report on Friday, September 30th. Williams Capital started coverage on shares of Acuity Brands in a research report on Friday, September 30th. They issued a “buy” rating and a $306.00 target price for the company. Robert W. Baird set a $272.00 target price on shares of Acuity Brands and gave the stock a “buy” rating in a research report on Thursday, October 6th. Cowen and Company set a $285.00 target price on shares of Acuity Brands and gave the stock a “buy” rating in a research report on Thursday, October 6th. Finally, Deutsche Bank AG started coverage on shares of Acuity Brands in a research report on Tuesday, November 22nd. They issued a “buy” rating and a $300.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $265.67.

Acuity Brands (NYSE:AYI) opened at 215.18 on Friday. The stock has a market capitalization of $9.42 billion, a PE ratio of 31.10 and a beta of 1.37. Acuity Brands has a one year low of $169.42 and a one year high of $280.89. The firm has a 50-day moving average of $238.47 and a 200-day moving average of $252.26.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. raised its position in Acuity Brands by 1.2% in the third quarter. Assetmark Inc. now owns 432 shares of the company’s stock worth $114,000 after buying an additional 5 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Acuity Brands by 1.1% in the second quarter. IFP Advisors Inc now owns 929 shares of the company’s stock worth $230,000 after buying an additional 10 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of Acuity Brands by 1.5% in the second quarter. Segall Bryant & Hamill LLC now owns 1,362 shares of the company’s stock worth $338,000 after buying an additional 20 shares in the last quarter. Moody Lynn & Lieberson LLC raised its stake in shares of Acuity Brands by 1.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 2,392 shares of the company’s stock worth $593,000 after buying an additional 29 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. raised its stake in shares of Acuity Brands by 1.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,135 shares of the company’s stock worth $565,000 after buying an additional 40 shares in the last quarter. 91.12% of the stock is owned by hedge funds and other institutional investors.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Monday, January 23rd will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, January 19th. Acuity Brands’s payout ratio is 7.50%.

Acuity Brands Company Profile

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.

5 Day Chart for NYSE:AYI

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