Wall Street brokerages expect Acuity Brands Inc (NYSE:AYI) to report earnings per share of $2.41 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Acuity Brands’ earnings, with estimates ranging from $2.33 to $2.55. Acuity Brands reported earnings per share of $2.21 in the same quarter last year, which would indicate a positive year over year growth rate of 9%. The business is expected to issue its next quarterly earnings report on Wednesday, October 4th.

According to Zacks, analysts expect that Acuity Brands will report full-year earnings of $8.31 per share for the current year, with EPS estimates ranging from $8.24 to $8.45. For the next financial year, analysts anticipate that the company will report earnings of $9.39 per share, with EPS estimates ranging from $9.04 to $9.80. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Acuity Brands.

Acuity Brands (NYSE:AYI) last announced its earnings results on Thursday, June 29th. The electronics maker reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.12. The company had revenue of $891.60 million for the quarter, compared to analyst estimates of $878.66 million. Acuity Brands had a return on equity of 19.89% and a net margin of 9.04%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.06 earnings per share.

Several equities analysts recently weighed in on AYI shares. BidaskClub cut shares of Acuity Brands from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Wolfe Research initiated coverage on Acuity Brands in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $237.00 price target for the company. Zacks Investment Research downgraded Acuity Brands from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Roth Capital reaffirmed a “sell” rating and issued a $150.00 price target on shares of Acuity Brands in a research note on Tuesday, July 4th. Finally, Robert W. Baird dropped their price target on Acuity Brands from $242.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Acuity Brands presently has a consensus rating of “Hold” and an average price target of $219.00.

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Shares of Acuity Brands (NYSE:AYI) opened at 178.33 on Friday. The stock’s 50 day moving average is $197.82 and its 200 day moving average is $191.84. The firm has a market cap of $7.69 billion, a P/E ratio of 24.88 and a beta of 1.41. Acuity Brands has a 52 week low of $157.33 and a 52 week high of $280.89.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.29%. The ex-dividend date was Friday, July 14th. Acuity Brands’s dividend payout ratio (DPR) is 7.24%.

Acuity Brands announced that its board has approved a share repurchase plan on Thursday, June 29th that permits the company to buyback 2,000,000 shares. This buyback authorization permits the electronics maker to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

In other news, Director Peter C. Browning sold 970 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $200.05, for a total value of $194,048.50. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $200,050. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark A. Black sold 5,427 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $205.29, for a total value of $1,114,108.83. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

A number of large investors have recently modified their holdings of AYI. IFP Advisors Inc increased its stake in shares of Acuity Brands by 2.8% in the first quarter. IFP Advisors Inc now owns 964 shares of the electronics maker’s stock worth $197,000 after buying an additional 26 shares during the period. Narwhal Capital Management acquired a new stake in shares of Acuity Brands during the first quarter valued at $741,000. Sumitomo Life Insurance Co. acquired a new stake in shares of Acuity Brands during the first quarter valued at $568,000. Janney Montgomery Scott LLC increased its stake in shares of Acuity Brands by 23.7% in the first quarter. Janney Montgomery Scott LLC now owns 1,330 shares of the electronics maker’s stock valued at $271,000 after buying an additional 255 shares during the last quarter. Finally, North Point Portfolio Managers Corp OH increased its stake in shares of Acuity Brands by 1.7% in the first quarter. North Point Portfolio Managers Corp OH now owns 44,771 shares of the electronics maker’s stock valued at $9,133,000 after buying an additional 767 shares during the last quarter. Institutional investors and hedge funds own 95.15% of the company’s stock.

Acuity Brands Company Profile

Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

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

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