Acuity Brands (NYSE:AYI – Get Free Report) will be releasing its earnings data before the market opens on Tuesday, October 1st. Analysts expect Acuity Brands to post earnings of $3.85 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Acuity Brands (NYSE:AYI – Get Free Report) last announced its quarterly earnings data on Thursday, June 27th. The electronics maker reported $4.15 earnings per share for the quarter, topping the consensus estimate of $3.82 by $0.33. Acuity Brands had a net margin of 10.12% and a return on equity of 20.97%. The business had revenue of $968.10 million for the quarter, compared to analyst estimates of $996.52 million. During the same period in the prior year, the firm posted $3.50 EPS. The company’s revenue was down 3.2% on a year-over-year basis. On average, analysts expect Acuity Brands to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.
Acuity Brands Price Performance
Acuity Brands stock opened at $271.84 on Tuesday. Acuity Brands has a 1 year low of $156.84 and a 1 year high of $275.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.15 and a current ratio of 2.77. The firm has a 50 day moving average price of $247.68 and a 200 day moving average price of $252.64. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.62 and a beta of 1.41.
Acuity Brands Dividend Announcement
Analyst Upgrades and Downgrades
AYI has been the topic of a number of research reports. StockNews.com downgraded Acuity Brands from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 27th. Wells Fargo & Company downgraded shares of Acuity Brands from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $295.00 to $260.00 in a research note on Friday, June 28th. Finally, Robert W. Baird reduced their target price on shares of Acuity Brands from $286.00 to $280.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Acuity Brands has a consensus rating of “Hold” and a consensus target price of $279.00.
Check Out Our Latest Stock Report on Acuity Brands
About Acuity Brands
Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.
Recommended Stories
- Five stocks we like better than Acuity Brands
- Basic Materials Stocks Investing
- The Average 401k Balance by Age Explained
- What Are Dividend Challengers?
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- How to Use the MarketBeat Stock Screener
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
Receive News & Ratings for Acuity Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands and related companies with MarketBeat.com's FREE daily email newsletter.