Acuity Brands (AYI) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Acuity Brands in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AYI shares.
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4 Wall Street analysts have issued 1-year target prices for Acuity Brands' stock. Their AYI share price targets range from $261.00 to $315.00. On average, they anticipate the company's stock price to reach $289.25 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
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Acuity Brands' stock was trading at $204.83 on January 1st, 2024. Since then, AYI shares have increased by 20.6% and is now trading at $247.07.
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Acuity Brands saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,090,000 shares, an increase of 26.0% from the March 15th total of 864,800 shares. Based on an average daily volume of 263,700 shares, the short-interest ratio is currently 4.1 days. Approximately 3.6% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024.
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Acuity Brands, Inc. (NYSE:AYI) announced its earnings results on Tuesday, January, 9th. The electronics maker reported $3.72 EPS for the quarter, topping analysts' consensus estimates of $3.23 by $0.49. The electronics maker had revenue of $934.70 million for the quarter, compared to analyst estimates of $935.14 million. Acuity Brands had a trailing twelve-month return on equity of 21.22% and a net margin of 9.81%. Acuity Brands's quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $3.04 earnings per share.

Acuity Brands announced a quarterly dividend on Thursday, March 28th. Stockholders of record on Wednesday, April 17th will be paid a dividend of $0.15 per share on Wednesday, May 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Tuesday, April 16th.
Read our dividend analysis for AYI.

Acuity Brands (NYSE:AYI) pays an annual dividend of $0.60 per share and currently has a dividend yield of 0.24%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AYI will have a dividend payout ratio of 3.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AYI.

ETFs with the largest weight of Acuity Brands (NYSE:AYI) stock in their portfolio include First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco S&P MidCap Quality ETF (XMHQ), First Trust Active Factor Mid Cap ETF (AFMC), American Century STOXX U.S. Quality Growth ETF (QGRO), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Blue Horizon BNE ETF (BNE) and First Trust Industrials/Producer Durables AlphaDEX Fund (FXR).

Acuity Brands issued an update on its FY 2024 earnings guidance on Wednesday, April, 3rd. The company provided EPS guidance of 14.750-15.500 for the period, compared to the consensus earnings per share estimate of 14.910. The company issued revenue guidance of -.

18 employees have rated Acuity Brands Chief Executive Officer Neil Ashe on Glassdoor.com. Neil Ashe has an approval rating of 62% among the company's employees. This puts Neil Ashe in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Acuity Brands investors own include Allergan (AGN), Johnson & Johnson (JNJ), International Business Machines (IBM), Intel (INTC), Coca-Cola (KO), Netflix (NFLX), AT&T (T), Broadcom (AVGO), Alibaba Group (BABA) and Micron Technology (MU).

Acuity Brands' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.09%), Cairn Investment Group Inc. (0.08%), Hedeker Wealth LLC (0.06%), State of Michigan Retirement System (0.02%), Sumitomo Mitsui Trust Holdings Inc. (0.02%) and Banque Cantonale Vaudoise (0.01%). Insiders that own company stock include Barry R Goldman, Barry R Goldman, Dianne S Mills, Karen J Holcom, Laura O'shaughnessy and Peter C Browning.
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Shares of AYI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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