Acuity Brands Inc. (NYSE:AYI) – Stock analysts at William Blair issued their Q1 2017 earnings per share estimates for Acuity Brands in a report released on Wednesday. William Blair analyst R. Merkel forecasts that the brokerage will post earnings per share of $2.15 for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Acuity Brands’ Q2 2017 earnings at $1.91 EPS, Q3 2017 earnings at $2.30 EPS, Q4 2017 earnings at $2.56 EPS and FY2017 earnings at $8.92 EPS.

A number of other analysts have also recently issued reports on AYI. Roth Capital set a $275.00 target price on shares of Acuity Brands and gave the company a “hold” rating in a research note on Saturday, October 1st. Canaccord Genuity reiterated a “buy” rating on shares of Acuity Brands in a research note on Wednesday, June 29th. Credit Agricole SA reiterated an “outperform” rating and issued a $270.00 target price on shares of Acuity Brands in a research note on Friday, July 1st. Robert W. Baird set a $272.00 target price on shares of Acuity Brands and gave the company a “buy” rating in a research note on Thursday, October 6th. Finally, Cowen and Company set a $285.00 target price on shares of Acuity Brands and gave the company a “buy” rating in a research note on Thursday, October 6th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $275.36.

Earnings History and Estimates for Acuity Brands (NYSE:AYI)

Acuity Brands (NYSE:AYI) opened at 243.79 on Monday. The company has a market capitalization of $10.65 billion, a P/E ratio of 36.77 and a beta of 1.46. The firm’s 50-day moving average is $263.64 and its 200-day moving average is $256.37. Acuity Brands has a 1-year low of $169.42 and a 1-year high of $280.89.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings data on Wednesday, October 5th. The company reported $2.21 EPS for the quarter, missing the Zacks’ consensus estimate of $2.39 by $0.18. Acuity Brands had a net margin of 8.84% and a return on equity of 20.99%. The company had revenue of $925.50 million for the quarter. During the same quarter last year, the business earned $1.63 EPS. Acuity Brands’s revenue was up 21.9% compared to the same quarter last year.

A number of large investors have recently made changes to their positions in AYI. Vanguard Group Inc. raised its stake in shares of Acuity Brands by 21.0% in the second quarter. Vanguard Group Inc. now owns 3,830,254 shares of the company’s stock valued at $949,749,000 after buying an additional 663,791 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Acuity Brands by 9.3% in the second quarter. JPMorgan Chase & Co. now owns 2,311,317 shares of the company’s stock valued at $573,116,000 after buying an additional 196,804 shares during the period. State Street Corp raised its stake in shares of 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. Artisan Partners Limited Partnership raised its stake in shares of Acuity Brands by 0.4% in the second quarter. Artisan Partners Limited Partnership now owns 1,340,361 shares of the company’s stock valued at $332,356,000 after buying an additional 5,525 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Acuity Brands by 3.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,318,021 shares of the company’s stock valued at $287,513,000 after buying an additional 43,167 shares during the period. 93.27% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently declared 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 yield of 0.21%. The ex-dividend date is Friday, October 14th. Acuity Brands’s dividend payout ratio (DPR) is presently 7.83%.

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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