Acuity Brands Inc. (NYSE:AYI) – Research analysts at Roth Capital lowered their FY2017 earnings estimates for Acuity Brands in a report released on Wednesday. Roth Capital analyst C. Irwin now forecasts that the firm will earn $8.34 per share for the year, down from their prior estimate of $9.09. Roth Capital has a “Neutral” rating and a $250.00 price target on the stock.

Other analysts have also issued reports about the stock. Canaccord Genuity restated a “buy” rating and issued a $286.00 price objective (down from $305.00) on shares of Acuity Brands in a report on Friday, September 30th. Williams Capital initiated coverage on shares of Acuity Brands in a report on Friday, September 30th. They issued a “buy” rating and a $306.00 price objective for the company. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $295.00 target price on shares of Acuity Brands in a research note on Thursday, June 30th. Zacks Investment Research raised shares of Acuity Brands from a “hold” rating to a “buy” rating and set a $285.00 target price for the company in a research note on Friday, June 24th. 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $275.36.

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

Acuity Brands (NYSE:AYI) traded up 1.90% during trading on Monday, reaching $244.65. The company had a trading volume of 437,546 shares. Acuity Brands has a 12-month low of $169.42 and a 12-month high of $280.89. The firm’s 50 day moving average price is $262.57 and its 200 day moving average price is $256.25. The firm has a market capitalization of $10.69 billion, a PE ratio of 36.90 and a beta of 1.46.

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 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 firm earned $925.50 million during the quarter. During the same quarter last year, the firm posted $1.63 EPS. The company’s revenue was up 21.9% compared to the same quarter last year.

A number of large investors have recently bought and sold shares of AYI. Vanguard Group Inc. boosted its position 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 in the last quarter. JPMorgan Chase & Co. boosted its position 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 in the last quarter. State Street Corp boosted its position 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 in the last quarter. Artisan Partners Limited Partnership boosted its position 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 in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position 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 in the last quarter. 93.27% of the stock is owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 18th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.22%. 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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