Q2 2017 EPS Estimates for Acuity Brands Inc Cut by Analyst (AYI)
Acuity Brands Inc (NYSE:AYI) – Equities research analysts at Roth Capital dropped their Q2 2017 earnings estimates for shares of Acuity Brands in a report issued on Tuesday. Roth Capital analyst C. Irwin now forecasts that the brokerage will post earnings of $1.65 per share for the quarter, down from their previous estimate of $1.85. Roth Capital currently has a “Neutral” rating and a $250.00 target price on the stock. Roth Capital also issued estimates for Acuity Brands’ Q3 2017 earnings at $2.00 EPS and Q4 2017 earnings at $2.15 EPS.
Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Acuity Brands from a “hold” rating to a “sell” rating in a research report on Friday. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $295.00 price target on shares of Acuity Brands in a research report on Thursday, December 22nd. Robert W. Baird upgraded Acuity Brands from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $265.00 to $242.00 in a research report on Tuesday. Wells Fargo & Company reiterated an “outperform” rating on shares of Acuity Brands in a research report on Wednesday. Finally, Canaccord Genuity upgraded Acuity Brands from a “hold” rating to a “buy” rating and dropped their price target for the company from $305.00 to $286.00 in a research report on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $265.67.
Shares of Acuity Brands (NYSE:AYI) opened at 215.18 on Friday. Acuity Brands has a one year low of $169.42 and a one year high of $280.89. The company has a market capitalization of $9.42 billion, a PE ratio of 31.10 and a beta of 1.37. The company has a 50-day moving average price of $238.47 and a 200 day moving average price of $252.26.
Acuity Brands (NYSE:AYI) last announced its earnings results on Monday, January 9th. The company reported $2.00 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 previous year, the firm earned $1.65 EPS. Acuity Brands’s revenue was up 15.6% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Monday, January 23rd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, January 19th. This represents a $0.52 dividend on an annualized basis and a yield of 0.24%. Acuity Brands’s dividend payout ratio (DPR) is currently 7.50%.
A number of institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its position in shares of Acuity Brands by 21.4% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 431 shares of the company’s stock worth $114,000 after buying an additional 76 shares during the period. Assetmark Inc. boosted its position in shares of 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 period. Global X Management Co. LLC boosted its position in shares of Acuity Brands by 127.1% in the third quarter. Global X Management Co. LLC now owns 461 shares of the company’s stock worth $122,000 after buying an additional 258 shares during the period. Virtus Investment Advisers Inc. bought a new position in shares of Acuity Brands during the third quarter worth approximately $125,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Acuity Brands during the second quarter worth approximately $153,000. 91.12% of the stock is currently owned by institutional investors and hedge funds.
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.
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