Wall Street analysts expect Acuity Brands, Inc. (NYSE:AYI) to post earnings per share (EPS) of $2.18 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Acuity Brands’ earnings. The lowest EPS estimate is $2.04 and the highest is $2.38. Acuity Brands reported earnings of $1.94 per share in the same quarter last year, which would indicate a positive year over year growth rate of 12.4%. The business is scheduled to announce its next quarterly earnings report on Tuesday, January 8th.

On average, analysts expect that Acuity Brands will report full year earnings of $9.50 per share for the current fiscal year, with EPS estimates ranging from $7.75 to $10.15. For the next financial year, analysts forecast that the business will post earnings of $11.02 per share, with EPS estimates ranging from $10.52 to $11.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Acuity Brands.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.56 by $0.12. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Acuity Brands had a net margin of 9.50% and a return on equity of 20.30%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.55 EPS.

Several equities research analysts have weighed in on AYI shares. Robert W. Baird set a $175.00 price target on shares of Acuity Brands and gave the company a “buy” rating in a research report on Thursday, October 4th. Wells Fargo & Co raised shares of Acuity Brands from a “market perform” rating to an “outperform” rating and increased their price target for the company from $140.00 to $187.00 in a research report on Thursday, September 20th. Credit Suisse Group started coverage on shares of Acuity Brands in a research report on Friday, October 12th. They set a “neutral” rating and a $135.00 price target for the company. ValuEngine raised shares of Acuity Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Finally, Cowen set a $180.00 price target on shares of Acuity Brands and gave the company a “buy” rating in a research report on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $150.89.

Several large investors have recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new stake in shares of Acuity Brands in the 3rd quarter worth about $503,000. Great Lakes Advisors LLC lifted its position in shares of Acuity Brands by 238.2% in the 3rd quarter. Great Lakes Advisors LLC now owns 157,098 shares of the electronics maker’s stock worth $24,696,000 after purchasing an additional 110,644 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of Acuity Brands by 16,129.1% in the 3rd quarter. Rehmann Capital Advisory Group now owns 40,086 shares of the electronics maker’s stock worth $255,000 after purchasing an additional 39,839 shares during the period. Nordea Investment Management AB lifted its position in shares of Acuity Brands by 33.3% in the 3rd quarter. Nordea Investment Management AB now owns 12,660 shares of the electronics maker’s stock worth $1,990,000 after purchasing an additional 3,162 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Acuity Brands by 31.7% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 77,267 shares of the electronics maker’s stock worth $12,146,000 after purchasing an additional 18,616 shares during the period. 99.09% of the stock is owned by hedge funds and other institutional investors.

AYI traded down $2.54 during trading on Friday, hitting $117.90. 394,947 shares of the stock traded hands, compared to its average volume of 376,095. The stock has a market capitalization of $4.83 billion, a P/E ratio of 14.34, a PEG ratio of 1.30 and a beta of 1.55. The company has a quick ratio of 1.17, a current ratio of 1.77 and a debt-to-equity ratio of 0.21. Acuity Brands has a 12-month low of $109.98 and a 12-month high of $186.99.

Acuity Brands Company Profile

Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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