Equities analysts predict that Acuity Brands, Inc. (NYSE:AYI) will post earnings per share (EPS) of $2.17 for the current quarter, according to Zacks. Seven analysts have issued estimates for Acuity Brands’ earnings, with the lowest EPS estimate coming in at $2.04 and the highest estimate coming in at $2.44. Acuity Brands posted earnings per share of $2.15 during the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The firm is expected to announce its next quarterly earnings report before the market opens on Tuesday, July 3rd.

According to Zacks, 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 business 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 analysts that that provide coverage for Acuity Brands.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings data on Wednesday, April 4th. The electronics maker reported $1.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.06). The firm had revenue of $832.10 million for the quarter, compared to analysts’ expectations of $799.33 million. Acuity Brands had a net margin of 9.68% and a return on equity of 20.56%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 EPS.

AYI has been the subject of a number of research analyst reports. William Blair lowered Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 22nd. JMP Securities upgraded Acuity Brands from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research report on Thursday, April 5th. Vertical Research lowered Acuity Brands from a “buy” rating to a “hold” rating in a research report on Monday, April 16th. Zacks Investment Research lowered Acuity Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Finally, Oppenheimer cut their price objective on Acuity Brands from $175.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, April 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $177.82.

Shares of Acuity Brands stock traded up $3.45 during trading on Friday, reaching $121.41. 1,127,440 shares of the stock traded hands, compared to its average volume of 1,052,556. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.55 and a beta of 1.33. 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 has a 52-week low of $109.98 and a 52-week high of $208.82.

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

In other Acuity Brands news, Director George Douglas Dillard, Jr. purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, May 8th. The stock was purchased at an average price of $112.76 per share, with a total value of $563,800.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W. Patrick Battle purchased 1,330 shares of the stock in a transaction that occurred on Thursday, May 3rd. The stock was acquired at an average cost of $112.91 per share, with a total value of $150,170.30. Following the acquisition, the director now owns 2,809 shares in the company, valued at approximately $317,164.19. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in AYI. ING Groep NV lifted its stake in Acuity Brands by 27.7% in the fourth quarter. ING Groep NV now owns 1,708 shares of the electronics maker’s stock worth $301,000 after purchasing an additional 370 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Acuity Brands by 3.6% in the fourth quarter. Xact Kapitalforvaltning AB now owns 10,818 shares of the electronics maker’s stock worth $1,904,000 after purchasing an additional 376 shares during the last quarter. Meadow Creek Investment Management LLC lifted its stake in Acuity Brands by 15.0% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,444 shares of the electronics maker’s stock worth $606,000 after purchasing an additional 448 shares during the last quarter. Glen Harbor Capital Management LLC lifted its stake in Acuity Brands by 11.4% in the first quarter. Glen Harbor Capital Management LLC now owns 4,658 shares of the electronics maker’s stock worth $648,000 after purchasing an additional 476 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Acuity Brands by 9.7% in the fourth quarter. Amalgamated Bank now owns 5,441 shares of the electronics maker’s stock worth $958,000 after purchasing an additional 480 shares during the last quarter.

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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