$862.83 Million in Sales Expected for Acuity Brands, Inc. (NYSE:AYI) This Quarter

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Equities analysts expect that Acuity Brands, Inc. (NYSE:AYI) will announce $862.83 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Acuity Brands’ earnings, with the highest sales estimate coming in at $868.50 million and the lowest estimate coming in at $857.80 million. Acuity Brands posted sales of $932.60 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.5%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, January 9th.

According to Zacks, analysts expect that Acuity Brands will report full-year sales of $3.64 billion for the current fiscal year, with estimates ranging from $3.60 billion to $3.70 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.79 billion, with estimates ranging from $3.75 billion to $3.85 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Acuity Brands.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 2nd. The electronics maker reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.12. The company had revenue of $938.10 million for the quarter, compared to the consensus estimate of $1.03 billion. Acuity Brands had a return on equity of 19.50% and a net margin of 9.00%. Acuity Brands’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.68 earnings per share.

AYI has been the topic of several research reports. Credit Suisse Group raised their target price on Acuity Brands from $140.00 to $144.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. William Blair restated a “hold” rating on shares of Acuity Brands in a research report on Tuesday, September 24th. Oppenheimer downgraded Acuity Brands from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 16th. ValuEngine upgraded Acuity Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Robert W. Baird downgraded Acuity Brands from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $148.00 to $126.00 in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Acuity Brands currently has an average rating of “Hold” and a consensus target price of $134.89.

AYI stock traded up $0.16 during mid-day trading on Friday, reaching $138.00. 269,112 shares of the company’s stock were exchanged, compared to its average volume of 301,589. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.44 and a beta of 1.53. The stock’s 50 day moving average is $132.22 and its 200 day moving average is $129.92. Acuity Brands has a 12-month low of $105.95 and a 12-month high of $147.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.42 and a quick ratio of 1.85.

Large investors have recently bought and sold shares of the stock. Advisor Group Inc. increased its stake in Acuity Brands by 3.5% during the second quarter. Advisor Group Inc. now owns 2,921 shares of the electronics maker’s stock worth $402,000 after acquiring an additional 99 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in Acuity Brands by 3.8% during the second quarter. Vestmark Advisory Solutions Inc. now owns 2,850 shares of the electronics maker’s stock worth $393,000 after acquiring an additional 104 shares during the last quarter. World Asset Management Inc increased its stake in Acuity Brands by 4.3% during the third quarter. World Asset Management Inc now owns 2,530 shares of the electronics maker’s stock worth $341,000 after acquiring an additional 104 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Acuity Brands by 0.5% during the third quarter. CIBC Private Wealth Group LLC now owns 22,680 shares of the electronics maker’s stock worth $3,057,000 after acquiring an additional 117 shares during the last quarter. Finally, Commonwealth Bank of Australia increased its stake in Acuity Brands by 31.4% during the second quarter. Commonwealth Bank of Australia now owns 581 shares of the electronics maker’s stock worth $79,000 after acquiring an additional 139 shares during the last quarter. 91.04% of the stock is owned by hedge funds and other institutional investors.

About Acuity Brands

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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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