Acuity (NYSE:AYI) Updates FY 2026 Earnings Guidance

Acuity (NYSE:AYI) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 19.000-20.500 for the period, compared to the consensus earnings per share estimate of 18.760. The company issued revenue guidance of $4.7 billion-$4.9 billion, compared to the consensus revenue estimate of $4.8 billion.

Acuity Trading Up 5.5%

Shares of AYI opened at $363.42 on Thursday. The business has a 50-day moving average of $326.46 and a 200 day moving average of $287.14. Acuity has a fifty-two week low of $216.81 and a fifty-two week high of $375.67. The firm has a market cap of $11.14 billion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 1.92 and a beta of 1.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.38 and a current ratio of 1.99.

Acuity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 17th will be paid a $0.17 dividend. The ex-dividend date is Friday, October 17th. This represents a $0.68 annualized dividend and a yield of 0.2%. Acuity’s dividend payout ratio (DPR) is currently 5.36%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company upgraded Acuity from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $320.00 to $380.00 in a research note on Tuesday, September 2nd. Morgan Stanley raised their target price on Acuity from $335.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, June 27th. Wall Street Zen upgraded Acuity from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 27th. Finally, Robert W. Baird raised their target price on Acuity from $335.00 to $360.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $371.25.

Institutional Trading of Acuity

Large investors have recently modified their holdings of the business. Tidal Investments LLC boosted its position in shares of Acuity by 12.3% during the 2nd quarter. Tidal Investments LLC now owns 3,104 shares of the electronics maker’s stock valued at $926,000 after acquiring an additional 340 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Acuity during the 2nd quarter valued at about $762,000. Brown Advisory Inc. raised its holdings in shares of Acuity by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 2,134 shares of the electronics maker’s stock valued at $637,000 after buying an additional 37 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Acuity by 9.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,119 shares of the electronics maker’s stock valued at $632,000 after buying an additional 184 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of Acuity during the 2nd quarter valued at about $574,000. Institutional investors own 98.21% of the company’s stock.

About Acuity

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.