Zacks Research Estimates Acuity Brands FY2027 Earnings

Acuity Brands, Inc. (NYSE:AYI) – Zacks Research issued their FY2027 earnings per share (EPS) estimates for Acuity Brands in a research note issued to investors on Tuesday, October 15th. Zacks Research analyst A. Ram forecasts that the electronics maker will post earnings of $17.19 per share for the year. The consensus estimate for Acuity Brands’ current full-year earnings is $15.48 per share.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Tuesday, October 1st. The electronics maker reported $4.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.90 by $0.40. Acuity Brands had a return on equity of 20.49% and a net margin of 11.00%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm earned $3.74 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Oppenheimer boosted their price objective on Acuity Brands from $315.00 to $370.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group boosted their price objective on Acuity Brands from $266.00 to $303.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective on Acuity Brands from $289.00 to $305.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. StockNews.com downgraded Acuity Brands from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 27th. Finally, Robert W. Baird upped their price target on Acuity Brands from $280.00 to $318.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $324.00.

Acuity Brands Trading Up 0.6 %

NYSE AYI opened at $306.82 on Thursday. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 1.97 and a beta of 1.41. Acuity Brands has a 52 week low of $156.84 and a 52 week high of $312.20. The business has a 50 day moving average price of $265.65 and a 200-day moving average price of $256.79. The company has a quick ratio of 2.16, a current ratio of 2.72 and a debt-to-equity ratio of 0.21.

Acuity Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, October 18th. This represents a $0.60 annualized dividend and a yield of 0.20%. Acuity Brands’s dividend payout ratio (DPR) is currently 4.88%.

Institutional Investors Weigh In On Acuity Brands

Several institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC grew its stake in Acuity Brands by 366.2% in the 2nd quarter. Acadian Asset Management LLC now owns 345,628 shares of the electronics maker’s stock valued at $83,430,000 after purchasing an additional 271,485 shares during the period. Jupiter Asset Management Ltd. grew its stake in Acuity Brands by 187.8% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 330,331 shares of the electronics maker’s stock valued at $79,755,000 after purchasing an additional 215,547 shares during the period. Millennium Management LLC grew its stake in Acuity Brands by 353.1% in the 2nd quarter. Millennium Management LLC now owns 173,683 shares of the electronics maker’s stock valued at $41,934,000 after purchasing an additional 135,350 shares during the period. Pacer Advisors Inc. grew its stake in Acuity Brands by 35.7% in the 2nd quarter. Pacer Advisors Inc. now owns 407,164 shares of the electronics maker’s stock valued at $98,306,000 after purchasing an additional 107,171 shares during the period. Finally, Swedbank AB bought a new position in Acuity Brands in the 1st quarter valued at $25,188,000. Institutional investors own 98.21% of the company’s stock.

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.