Acuity Brands (NYSE:AYI) Issues FY 2025 Earnings Guidance

Acuity Brands (NYSE:AYI) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share guidance of 16.000-17.500 for the period, compared to the consensus earnings per share estimate of 16.750. The company issued revenue guidance of $3.9 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion.

Acuity Brands Price Performance

AYI opened at $306.77 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.15 and a current ratio of 2.77. Acuity Brands has a 1-year low of $156.84 and a 1-year high of $307.24. The company has a 50-day moving average of $252.99 and a 200-day moving average of $254.39. The company has a market capitalization of $9.44 billion, a P/E ratio of 24.94, a PEG ratio of 1.77 and a beta of 1.41.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings data on Tuesday, October 1st. The electronics maker reported $4.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.90 by $0.40. Acuity Brands had a return on equity of 20.97% and a net margin of 10.12%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Acuity Brands’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.74 earnings per share. Equities analysts expect that Acuity Brands will post 14.26 EPS for the current fiscal year.

Acuity Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend is Friday, October 18th. Acuity Brands’s dividend payout ratio is presently 4.88%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of Acuity Brands from $280.00 to $318.00 and gave the stock a neutral rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on shares of Acuity Brands from $266.00 to $303.00 and gave the stock a neutral rating in a research note on Wednesday. Wells Fargo & Company raised their target price on shares of Acuity Brands from $289.00 to $305.00 and gave the stock an equal weight rating in a report on Wednesday. Oppenheimer upped their target price on Acuity Brands from $315.00 to $370.00 and gave the company an outperform rating in a report on Wednesday. Finally, StockNews.com downgraded Acuity Brands from a strong-buy rating to a buy rating in a report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $324.00.

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.