Acuity Brands (NYSE:AYI) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Acuity Brands (NYSE:AYI) released its quarterly earnings data on Thursday. The electronics maker reported $3.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.06, RTT News reports. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Acuity Brands had a net margin of 11.11% and a return on equity of 19.98%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.38 EPS. Acuity Brands updated its FY 2025 guidance to 16.500-18.000 EPS.

Acuity Brands Stock Down 9.4 %

NYSE AYI opened at $233.15 on Friday. The company has a market capitalization of $7.22 billion, a P/E ratio of 17.17, a PEG ratio of 1.95 and a beta of 1.41. Acuity Brands has a 12 month low of $217.64 and a 12 month high of $345.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.98 and a quick ratio of 2.38. The company’s 50 day simple moving average is $294.09 and its 200 day simple moving average is $303.75.

Acuity Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 18th will be paid a $0.17 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.29%. Acuity Brands’s dividend payout ratio is currently 5.01%.

Analysts Set New Price Targets

AYI has been the topic of a number of recent analyst reports. Oppenheimer lifted their price target on Acuity Brands from $370.00 to $380.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. StockNews.com downgraded Acuity Brands from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird lowered their price target on Acuity Brands from $310.00 to $295.00 and set a “neutral” rating on the stock in a report on Friday. William Blair raised shares of Acuity Brands from a “market perform” rating to an “outperform” rating in a report on Thursday, January 2nd. Finally, Morgan Stanley raised shares of Acuity Brands from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $304.00 to $370.00 in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $324.60.

Acuity Brands Company Profile

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.