Wall Street analysts expect Acuity Brands, Inc. (NYSE:AYI) to announce $803.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Acuity Brands’ earnings, with the highest sales estimate coming in at $816.00 million and the lowest estimate coming in at $786.00 million. Acuity Brands reported sales of $854.40 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 6%. The company is scheduled to issue its next earnings results on Wednesday, April 1st.

On average, analysts expect that Acuity Brands will report full-year sales of $3.51 billion for the current financial year, with estimates ranging from $3.43 billion to $3.61 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.63 billion, with estimates ranging from $3.54 billion to $3.79 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Acuity Brands.

Acuity Brands (NYSE:AYI) last released its quarterly earnings data on Thursday, January 9th. The electronics maker reported $2.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($0.08). The business had revenue of $834.70 million for the quarter, compared to analysts’ expectations of $874.72 million. Acuity Brands had a net margin of 8.61% and a return on equity of 18.07%. Acuity Brands’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period last year, the company earned $2.32 earnings per share.

A number of equities research analysts have recently issued reports on AYI shares. Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating and set a $140.00 price target on the stock in a report on Friday, November 29th. Wells Fargo & Co increased their price target on shares of Acuity Brands from $138.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. ValuEngine raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a report on Friday, January 10th. Credit Suisse Group increased their price target on shares of Acuity Brands from $140.00 to $144.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, JMP Securities lowered their price target on shares of Acuity Brands from $166.00 to $160.00 and set a “market outperform” rating on the stock in a report on Friday, October 18th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $137.33.

Several hedge funds have recently bought and sold shares of AYI. Invesco Ltd. grew its position in Acuity Brands by 19.2% during the second quarter. Invesco Ltd. now owns 27,581 shares of the electronics maker’s stock valued at $3,804,000 after acquiring an additional 4,449 shares during the last quarter. BlackRock Inc. grew its position in Acuity Brands by 0.3% during the second quarter. BlackRock Inc. now owns 4,238,540 shares of the electronics maker’s stock valued at $584,538,000 after acquiring an additional 14,592 shares during the last quarter. State of Alaska Department of Revenue grew its position in Acuity Brands by 62.1% during the third quarter. State of Alaska Department of Revenue now owns 7,092 shares of the electronics maker’s stock valued at $955,000 after acquiring an additional 2,717 shares during the last quarter. Winmill & CO. Inc. bought a new position in Acuity Brands during the third quarter valued at approximately $3,720,000. Finally, CIBC Private Wealth Group LLC grew its position in Acuity Brands by 0.5% during the third quarter. CIBC Private Wealth Group LLC now owns 22,680 shares of the electronics maker’s stock valued at $3,057,000 after acquiring an additional 117 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Shares of Acuity Brands stock traded down $1.38 on Tuesday, reaching $116.90. The stock had a trading volume of 363,808 shares, compared to its average volume of 498,491. Acuity Brands has a 1 year low of $105.95 and a 1 year high of $147.44. The company has a market cap of $4.69 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.31 and a beta of 1.64. The company has a current ratio of 2.11, a quick ratio of 1.49 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $125.38 and its two-hundred day moving average is $127.85.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Monday, January 20th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, January 16th. Acuity Brands’s dividend payout ratio (DPR) is 5.78%.

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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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