Acuity Brands (NYSE:AYI) Posts Earnings Results, Beats Expectations By $0.06 EPS

Acuity Brands (NYSE:AYI) posted its quarterly earnings data on Thursday. The electronics maker reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.06, RTT News reports. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Acuity Brands had a return on equity of 19.98% and a net margin of 11.11%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.38 EPS. Acuity Brands updated its FY 2025 guidance to 16.500-18.000 EPS.

Acuity Brands Stock Performance

Acuity Brands stock opened at $233.15 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.38 and a current ratio of 2.98. Acuity Brands has a one year low of $217.64 and a one year high of $345.30. The stock’s 50 day moving average price is $294.09 and its 200 day moving average price is $303.75. The firm has a market capitalization of $7.22 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.95 and a beta of 1.41.

Acuity Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 18th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.29%. Acuity Brands’s dividend payout ratio (DPR) is currently 5.01%.

Wall Street Analyst Weigh In

AYI has been the subject of several analyst reports. Oppenheimer boosted their price target on Acuity Brands from $370.00 to $380.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Wells Fargo & Company reduced their target price on Acuity Brands from $290.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Friday. William Blair upgraded Acuity Brands from a “market perform” rating to an “outperform” rating in a report on Thursday, January 2nd. Morgan Stanley upgraded shares of Acuity Brands from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $304.00 to $370.00 in a report on Tuesday, January 14th. Finally, StockNews.com downgraded shares of Acuity Brands from a “buy” rating to a “hold” rating in a report on Friday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $324.60.

About Acuity Brands

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.