$2.18 Earnings Per Share Expected for Acuity Brands, Inc. (AYI) This Quarter

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Brokerages expect Acuity Brands, Inc. (NYSE:AYI) to announce earnings of $2.18 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Acuity Brands’ earnings. The highest EPS estimate is $2.38 and the lowest is $2.04. Acuity Brands reported earnings of $1.94 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12.4%. The firm is expected to issue its next earnings results on Tuesday, January 8th.

According to Zacks, analysts expect that Acuity Brands will report full year earnings of $9.50 per share for the current financial year, with EPS estimates ranging from $7.75 to $10.15. For the next fiscal year, analysts forecast that the firm will report earnings of $11.02 per share, with EPS estimates ranging from $10.52 to $11.45. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Acuity Brands.

Acuity Brands (NYSE:AYI) last issued its earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.12. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Acuity Brands had a return on equity of 20.30% and a net margin of 9.50%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.55 EPS.

A number of equities analysts recently issued reports on AYI shares. JMP Securities set a $170.00 target price on Acuity Brands and gave the stock a “buy” rating in a report on Thursday, October 4th. Robert W. Baird set a $175.00 target price on Acuity Brands and gave the stock a “buy” rating in a report on Thursday, October 4th. Cowen set a $180.00 target price on Acuity Brands and gave the stock a “buy” rating in a report on Wednesday, October 3rd. ValuEngine upgraded Acuity Brands from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Credit Suisse Group initiated coverage on Acuity Brands in a research report on Friday, October 12th. They issued a “neutral” rating and a $135.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $150.89.

Shares of NYSE AYI traded down $2.54 during mid-day trading on Friday, reaching $117.90. The company had a trading volume of 394,947 shares, compared to its average volume of 376,095. The company has a quick ratio of 1.17, a current ratio of 1.77 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.30 and a beta of 1.55. Acuity Brands has a 1-year low of $109.98 and a 1-year high of $186.99.

Several institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. acquired a new stake in shares of Acuity Brands in the third quarter worth $503,000. Great Lakes Advisors LLC boosted its position in shares of Acuity Brands by 238.2% in the third quarter. Great Lakes Advisors LLC now owns 157,098 shares of the electronics maker’s stock worth $24,696,000 after buying an additional 110,644 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of Acuity Brands by 16,129.1% in the third quarter. Rehmann Capital Advisory Group now owns 40,086 shares of the electronics maker’s stock worth $255,000 after buying an additional 39,839 shares during the period. Nordea Investment Management AB boosted its position in shares of Acuity Brands by 33.3% in the third quarter. Nordea Investment Management AB now owns 12,660 shares of the electronics maker’s stock worth $1,990,000 after buying an additional 3,162 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Acuity Brands by 31.7% in the third quarter. TIAA CREF Investment Management LLC now owns 77,267 shares of the electronics maker’s stock worth $12,146,000 after buying an additional 18,616 shares during the period. 99.09% of the stock is owned by institutional investors and hedge funds.

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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