Acuity, Inc. (NYSE:AYI) Plans Quarterly Dividend of $0.20

Acuity, Inc. (NYSE:AYI) announced a quarterly dividend on Wednesday, June 24th. Shareholders of record on Friday, July 17th will be paid a dividend of 0.20 per share by the electronics maker on Monday, August 3rd. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, July 17th.

Acuity has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Acuity has a dividend payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Acuity to earn $19.82 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 4.0%.

Acuity Stock Performance

NYSE:AYI opened at $307.75 on Thursday. The firm has a market cap of $9.33 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.31. Acuity has a fifty-two week low of $257.04 and a fifty-two week high of $380.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.07. The business has a 50 day moving average price of $294.84 and a 200-day moving average price of $307.81.

Acuity (NYSE:AYI) last issued its earnings results on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, topping the consensus estimate of $5.20 by $0.11. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. Acuity had a net margin of 9.37% and a return on equity of 20.74%. Equities research analysts predict that Acuity will post 18.03 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on AYI shares. Wall Street Zen raised shares of Acuity from a “hold” rating to a “buy” rating in a research note on Sunday. Wells Fargo & Company cut their target price on Acuity from $385.00 to $370.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Weiss Ratings downgraded Acuity from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Robert W. Baird lowered their price target on Acuity from $320.00 to $315.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Finally, The Goldman Sachs Group dropped their price objective on Acuity from $342.00 to $295.00 and set a “neutral” rating for the company in a report on Monday, April 6th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Acuity has a consensus rating of “Moderate Buy” and an average target price of $369.17.

Acuity Company Profile

Acuity Brands, Inc (NYSE: AYI) is a leading provider of lighting fixtures, controls and building management solutions designed for commercial, institutional, industrial and residential markets. The company’s core offerings include a broad range of LED luminaires, lighting controls, sensors and networked building systems that enhance energy efficiency, occupant comfort and operational productivity. Acuity Brands’ portfolio spans indoor and outdoor lighting fixtures, emergency lighting, task lighting and architectural products, as well as advanced controls such as daylight harvesting, occupancy sensing and wireless sensor networks.

Beyond traditional lighting, Acuity Brands delivers integrated digital solutions through its Connected Building platform, which combines smart sensors, cloud-based analytics and mobile applications to enable real-time monitoring and remote management of lighting and environmental systems.