Wall Street brokerages predict that Acuity Brands, Inc. (NYSE:AYI) will post earnings of $2.17 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Acuity Brands’ earnings, with the highest EPS estimate coming in at $2.44 and the lowest estimate coming in at $2.04. Acuity Brands posted earnings of $2.15 per share during the same quarter last year, which would suggest a positive year over year growth rate of 0.9%. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, July 3rd.

On average, analysts expect that Acuity Brands will report full-year earnings of $8.61 per share for the current financial year, with EPS estimates ranging from $8.25 to $8.85. For the next financial year, analysts expect that the firm will post earnings of $9.61 per share, with EPS estimates ranging from $8.25 to $11.27. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Acuity Brands.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings results on Wednesday, April 4th. The electronics maker reported $1.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.95 by ($0.06). The company had revenue of $832.10 million for the quarter, compared to analyst estimates of $799.33 million. Acuity Brands had a return on equity of 20.56% and a net margin of 9.68%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $1.77 EPS.

A number of research analysts recently weighed in on the company. ValuEngine lowered Acuity Brands from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Cowen set a $190.00 target price on Acuity Brands and gave the stock a “buy” rating in a report on Wednesday, April 4th. Wells Fargo & Co decreased their target price on Acuity Brands from $175.00 to $157.00 and set a “market perform” rating on the stock in a report on Wednesday, March 28th. Zacks Investment Research lowered Acuity Brands from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Finally, JMP Securities raised Acuity Brands from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Thursday, April 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $177.82.

Shares of Acuity Brands traded up $3.45, hitting $121.41, during trading on Friday, Marketbeat reports. 1,127,440 shares of the company were exchanged, compared to its average volume of 1,052,556. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.55 and a beta of 1.33. Acuity Brands has a fifty-two week low of $109.98 and a fifty-two week high of $208.82. The company has a quick ratio of 1.51, a current ratio of 2.15 and a debt-to-equity ratio of 0.22.

Acuity Brands declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 4th that permits the company to repurchase 6,000,000 outstanding shares. This repurchase authorization permits the electronics maker to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director George Douglas Dillard, Jr. acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 8th. The shares were purchased at an average cost of $112.76 per share, with a total value of $563,800.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director W. Patrick Battle acquired 1,330 shares of the firm’s stock in a transaction on Thursday, May 3rd. The stock was purchased at an average cost of $112.91 per share, for a total transaction of $150,170.30. Following the completion of the acquisition, the director now owns 2,809 shares in the company, valued at $317,164.19. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AYI. Zions Bancorporation acquired a new position in Acuity Brands in the 1st quarter valued at $167,000. Penserra Capital Management LLC lifted its position in shares of Acuity Brands by 57.1% during the 1st quarter. Penserra Capital Management LLC now owns 1,650 shares of the electronics maker’s stock valued at $214,000 after acquiring an additional 600 shares during the period. Amica Retiree Medical Trust bought a new stake in shares of Acuity Brands during the 4th quarter valued at $218,000. Sei Investments Co. lifted its position in shares of Acuity Brands by 137.1% during the 1st quarter. Sei Investments Co. now owns 1,660 shares of the electronics maker’s stock valued at $230,000 after acquiring an additional 960 shares during the period. Finally, ETRADE Capital Management LLC bought a new stake in shares of Acuity Brands during the 4th quarter valued at $248,000.

Acuity Brands Company Profile

Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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