Brokerages predict that Acuity Brands, Inc. (NYSE:AYI) will announce earnings of $1.93 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Acuity Brands’ earnings. The lowest EPS estimate is $1.89 and the highest is $2.00. Acuity Brands posted earnings per share of $1.99 in the same quarter last year, which would indicate a negative year-over-year growth rate of 3%. The company is scheduled to report its next quarterly earnings results on Wednesday, April 1st.

On average, analysts expect that Acuity Brands will report full-year earnings of $9.39 per share for the current year, with EPS estimates ranging from $8.65 to $9.95. For the next fiscal year, analysts forecast that the business will report earnings of $9.88 per share, with EPS estimates ranging from $8.90 to $10.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Acuity Brands.

Acuity Brands (NYSE:AYI) last released its earnings results on Thursday, January 9th. The electronics maker reported $2.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.08). Acuity Brands had a net margin of 8.61% and a return on equity of 18.07%. The company had revenue of $834.70 million for the quarter, compared to analyst estimates of $874.72 million. During the same quarter in the previous year, the firm earned $2.32 EPS. The firm’s revenue was down 10.5% on a year-over-year basis.

AYI has been the topic of a number of research reports. Wells Fargo & Co boosted their target price on shares of Acuity Brands from $138.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. TheStreet downgraded shares of Acuity Brands from a “b-” rating to a “c” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating and set a $140.00 target price on the stock in a research report on Friday, November 29th. ValuEngine upgraded shares of Acuity Brands from a “sell” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Roth Capital boosted their target price on shares of Acuity Brands from to and gave the company a “sell” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $137.33.

Shares of Acuity Brands stock traded down $1.38 during trading on Friday, reaching $116.90. 363,808 shares of the company traded hands, compared to its average volume of 498,491. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.11 and a quick ratio of 1.49. Acuity Brands has a 1-year low of $105.95 and a 1-year high of $147.44. The company has a 50 day moving average price of $125.38 and a 200-day moving average price of $127.85. The firm has a market capitalization of $4.69 billion, a PE ratio of 15.08, a P/E/G ratio of 1.31 and a beta of 1.64.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Monday, January 20th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, January 16th. This represents a $0.52 annualized dividend and a yield of 0.44%. Acuity Brands’s payout ratio is 5.78%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Acuity Brands by 0.3% during the second quarter. BlackRock Inc. now owns 4,238,540 shares of the electronics maker’s stock worth $584,538,000 after buying an additional 14,592 shares during the last quarter. FMR LLC raised its holdings in shares of Acuity Brands by 45.9% in the fourth quarter. FMR LLC now owns 1,451,802 shares of the electronics maker’s stock valued at $200,349,000 after purchasing an additional 457,001 shares during the last quarter. State Street Corp raised its holdings in shares of Acuity Brands by 1.2% in the fourth quarter. State Street Corp now owns 1,370,873 shares of the electronics maker’s stock valued at $189,180,000 after purchasing an additional 16,826 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Acuity Brands by 12.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,023,116 shares of the electronics maker’s stock valued at $141,190,000 after purchasing an additional 114,116 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of Acuity Brands by 14.5% in the fourth quarter. FIL Ltd now owns 550,103 shares of the electronics maker’s stock valued at $75,914,000 after purchasing an additional 69,547 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

About Acuity Brands

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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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