Acuity, Inc. (AYI) to Distribute Quarterly Dividend of $0.20 on August 3rd

Acuity, Inc. (NYSE:AYI) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Friday, July 17th will be given a dividend of 0.20 per share by the electronics maker on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, July 17th.

Acuity has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 3 years. Acuity has a payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Acuity to earn $19.82 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 4.0%.

Acuity Stock Up 17.5%

Shares of AYI opened at $358.85 on Friday. The firm has a market capitalization of $10.88 billion, a P/E ratio of 26.31, a P/E/G ratio of 1.70 and a beta of 1.31. Acuity has a 12-month low of $257.04 and a 12-month high of $380.17. The company has a current ratio of 2.07, a quick ratio of 1.36 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average price of $296.32 and a 200-day moving average price of $307.72.

Acuity (NYSE:AYI) last released its quarterly earnings data on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, topping the consensus estimate of $5.17 by $0.14. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. Acuity had a return on equity of 20.74% and a net margin of 9.37%.Acuity’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $5.12 EPS. Equities research analysts expect that Acuity will post 18.02 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AYI shares. TD Cowen reiterated a “buy” rating on shares of Acuity in a report on Thursday. Robert W. Baird dropped their price objective on Acuity from $320.00 to $315.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Wall Street Zen upgraded Acuity from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Weiss Ratings downgraded shares of Acuity from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company decreased their price target on shares of Acuity from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Tuesday, March 3rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Acuity presently has a consensus rating of “Moderate Buy” and an average target price of $369.17.

Acuity Company Profile

Acuity Brands, Inc (NYSE: AYI) is a leading provider of lighting fixtures, controls and building management solutions designed for commercial, institutional, industrial and residential markets. The company’s core offerings include a broad range of LED luminaires, lighting controls, sensors and networked building systems that enhance energy efficiency, occupant comfort and operational productivity. Acuity Brands’ portfolio spans indoor and outdoor lighting fixtures, emergency lighting, task lighting and architectural products, as well as advanced controls such as daylight harvesting, occupancy sensing and wireless sensor networks.

Beyond traditional lighting, Acuity Brands delivers integrated digital solutions through its Connected Building platform, which combines smart sensors, cloud-based analytics and mobile applications to enable real-time monitoring and remote management of lighting and environmental systems.