Acuity Brands Inc. (NYSE:AYI) released its quarterly earnings data on Wednesday. The company reported $2.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.39 by $0.18. Acuity Brands had a return on equity of 20.66% and a net margin of 8.57%. The firm earned $925.50 million during the quarter, compared to the consensus estimate of $946.53 million. During the same period in the previous year, the firm earned $1.63 EPS. The business’s revenue was up 21.9% compared to the same quarter last year.

Shares of Acuity Brands (NYSE:AYI) opened at 255.00 on Wednesday. Acuity Brands has a one year low of $169.42 and a one year high of $280.89. The firm has a 50 day moving average price of $267.49 and a 200 day moving average price of $255.67. The stock has a market capitalization of $11.09 billion, a PE ratio of 41.66 and a beta of 1.46.

Earnings History for Acuity Brands (NYSE:AYI)

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Friday, October 14th. Acuity Brands’s dividend payout ratio is 8.48%.

A number of analysts have issued reports on the company. DA Davidson reaffirmed a “hold” rating and issued a $255.00 price objective on shares of Acuity Brands in a research note on Tuesday. Roth Capital set a $275.00 price objective on Acuity Brands and gave the stock a “hold” rating in a research note on Saturday. Canaccord Genuity reaffirmed a “buy” rating and issued a $305.00 price objective on shares of Acuity Brands in a research note on Friday, September 30th. Williams Capital assumed coverage on Acuity Brands in a research note on Friday, September 30th. They issued a “buy” rating and a $306.00 price objective on the stock. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $295.00 price objective on shares of Acuity Brands in a research note on Friday, September 16th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $279.10.

In other Acuity Brands news, CEO Vernon J. Nagel sold 65,060 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $268.30, for a total transaction of $17,455,598.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard K. Reece sold 33,430 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $269.07, for a total value of $8,995,010.10. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. State Street Corp boosted its stake in Acuity Brands by 13.2% in the second quarter. State Street Corp now owns 1,619,301 shares of the company’s stock valued at $401,529,000 after buying an additional 188,661 shares during the period. American Century Companies Inc. boosted its stake in Acuity Brands by 3.6% in the second quarter. American Century Companies Inc. now owns 686,571 shares of the company’s stock valued at $170,242,000 after buying an additional 23,689 shares during the period. Janus Capital Management LLC boosted its stake in Acuity Brands by 56.5% in the second quarter. Janus Capital Management LLC now owns 470,533 shares of the company’s stock valued at $116,673,000 after buying an additional 169,833 shares during the period. BlackRock Group LTD boosted its stake in Acuity Brands by 19.2% in the second quarter. BlackRock Group LTD now owns 367,729 shares of the company’s stock valued at $91,182,000 after buying an additional 59,332 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in Acuity Brands by 302.0% in the second quarter. Guggenheim Capital LLC now owns 177,803 shares of the company’s stock valued at $44,088,000 after buying an additional 133,572 shares during the period. 93.26% of the stock is owned by institutional investors.

About Acuity Brands

Acuity Brands, Inc (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets.

5 Day Chart for NYSE:AYI

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