Q2 2018 EPS Estimates for Acuity Brands, Inc. (AYI) Increased by Analyst
Acuity Brands, Inc. (NYSE:AYI) – Analysts at Seaport Global Securities boosted their Q2 2018 earnings estimates for shares of Acuity Brands in a research report issued on Thursday. Seaport Global Securities analyst M. Mccall now anticipates that the electronics maker will post earnings per share of $1.81 for the quarter, up from their prior estimate of $1.75. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Acuity Brands’ Q3 2018 earnings at $2.59 EPS, Q4 2018 earnings at $3.13 EPS and FY2018 earnings at $9.34 EPS.
A number of other equities analysts also recently commented on the company. Zacks Investment Research raised Acuity Brands from a “sell” rating to a “hold” rating in a research report on Friday. Williams Capital downgraded Acuity Brands from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $204.00 to $175.00 in a research report on Wednesday, January 10th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $175.00 price target (down from $185.00) on shares of Acuity Brands in a report on Wednesday, January 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $198.00 price target on shares of Acuity Brands in a report on Tuesday, January 9th. Finally, KeyCorp initiated coverage on Acuity Brands in a report on Friday, October 13th. They issued a “sector weight” rating for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $196.23.
Acuity Brands (NYSE:AYI) opened at $158.74 on Monday. Acuity Brands has a 52-week low of $153.28 and a 52-week high of $225.36. The company has a market capitalization of $6,692.21, a PE ratio of 21.80, a PEG ratio of 1.60 and a beta of 1.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.65 and a current ratio of 2.23.
Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Tuesday, January 9th. The electronics maker reported $1.81 EPS for the quarter, missing the Zacks’ consensus estimate of $1.97 by ($0.16). Acuity Brands had a return on equity of 20.08% and a net margin of 8.91%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. QS Investors LLC lifted its stake in Acuity Brands by 1.2% in the second quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock valued at $120,000 after buying an additional 7 shares during the last quarter. Sentry Investment Management LLC lifted its stake in Acuity Brands by 1.1% in the second quarter. Sentry Investment Management LLC now owns 3,301 shares of the electronics maker’s stock valued at $671,000 after buying an additional 35 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Acuity Brands by 1.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,326 shares of the electronics maker’s stock valued at $676,000 after buying an additional 55 shares during the last quarter. MML Investors Services LLC lifted its stake in Acuity Brands by 4.8% in the second quarter. MML Investors Services LLC now owns 1,233 shares of the electronics maker’s stock valued at $251,000 after buying an additional 56 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Acuity Brands by 0.8% during the second quarter. HighTower Advisors LLC now owns 6,772 shares of the electronics maker’s stock worth $1,374,000 after purchasing an additional 57 shares during the last quarter.
In other Acuity Brands news, EVP Mark A. Black sold 7,441 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $161.32, for a total value of $1,200,382.12. Following the completion of the sale, the executive vice president now owns 30,649 shares in the company, valued at $4,944,296.68. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is currently owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 22nd will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, January 19th. Acuity Brands’s dividend payout ratio is currently 7.14%.
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Acuity Brands Company Profile
Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.
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