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Acuity Brands (AYI) Stock Price, News & Analysis

$248.02
+1.16 (+0.47%)
(As of 10:57 AM ET)
Today's Range
$244.93
$249.14
50-Day Range
$235.07
$272.12
52-Week Range
$149.30
$272.74
Volume
24,841 shs
Average Volume
265,996 shs
Market Capitalization
$7.64 billion
P/E Ratio
20.74
Dividend Yield
0.24%
Price Target
$289.25

Acuity Brands MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
16.6% Upside
$289.25 Price Target
Short Interest
Bearish
3.55% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.05
Upright™ Environmental Score
News Sentiment
1.68mentions of Acuity Brands in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$2.03 M Sold Last Quarter
Proj. Earnings Growth
10.45%
From $14.26 to $15.75 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.09 out of 5 stars

Industrials Sector

4th out of 13 stocks

Electrical Equipment & Parts Industry

1st out of 2 stocks

AYI stock logo

About Acuity Brands Stock (NYSE:AYI)

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. This segment serves electrical distributors, retail home improvement centers, electric utilities, national accounts, original equipment manufacturers, digital retailers, lighting showrooms, and energy service companies. The ISG segment offers building management solutions, such as products for controlling heating, ventilation, air conditioning, lighting, shades, refrigeration, and building access that deliver end-to-end optimization of those building systems; and building management software that enhances building system management and automates labor intensive tasks. This segment serves system integrators, as well as retail stores, airports, and enterprise campuses. The company offers its products and solutions under the Atrius, Distech Controls, and KE2 Therm Solutions brands. Acuity Brands, Inc. was incorporated in 2001 and is headquartered in Atlanta, Georgia.

AYI Stock Price History

AYI Stock News Headlines

New crypto project uncovers 2,050% in 65 days
During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.
Oppenheimer Reaffirms Their Buy Rating on Acuity Brands (AYI)
4 Analysts Have This To Say About Acuity Brands
New crypto project uncovers 2,050% in 65 days
During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.
Company News for Apr 4, 2024
Q2 2024 Acuity Brands Inc Earnings Call
Acuity Brands Declares Quarterly Dividend
See More Headlines
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Company Calendar

Last Earnings
1/09/2024
Ex-Dividend for 2/14 Dividend
2/02/2024
Dividend Payable
2/14/2024
Ex-Dividend for 5/1 Dividend
4/16/2024
Today
4/19/2024
Dividend Payable
5/01/2024
Next Earnings (Estimated)
7/04/2024
Fiscal Year End
8/31/2024

Industry, Sector and Symbol

Industry
Electric lighting & wiring equipment
Sub-Industry
Electrical Components & Equipment
CUSIP
00508Y10
Employees
12,200
Year Founded
2001

Price Target and Rating

Average Stock Price Target
$289.25
High Stock Price Target
$315.00
Low Stock Price Target
$261.00
Potential Upside/Downside
+17.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$346 million
Pretax Margin
12.79%

Debt

Sales & Book Value

Annual Sales
$3.95 billion
Cash Flow
$16.10 per share
Book Value
$69.80 per share

Miscellaneous

Free Float
30,336,000
Market Cap
$7.60 billion
Optionable
Optionable
Beta
1.49

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Key Executives


AYI Stock Analysis - Frequently Asked Questions

Should I buy or sell Acuity Brands stock right now?

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.
View AYI analyst ratings
or view top-rated stocks.

What is Acuity Brands' stock price target for 2024?

4 analysts have issued 1-year target prices for Acuity Brands' shares. Their AYI share price targets range from $261.00 to $315.00. On average, they anticipate the company's share price to reach $289.25 in the next year. This suggests a possible upside of 16.6% from the stock's current price.
View analysts price targets for AYI
or view top-rated stocks among Wall Street analysts.

How have AYI shares performed in 2024?

Acuity Brands' stock was trading at $204.83 at the beginning of the year. Since then, AYI shares have increased by 21.1% and is now trading at $248.02.
View the best growth stocks for 2024 here
.

Are investors shorting Acuity Brands?

Acuity Brands saw a increase in short interest during 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 trading volume, of 263,700 shares, the days-to-cover ratio is presently 4.1 days. Approximately 3.6% of the shares of the company are sold short.
View Acuity Brands' Short Interest
.

When is Acuity Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024.
View our AYI earnings forecast
.

How were Acuity Brands' earnings last quarter?

Acuity Brands, Inc. (NYSE:AYI) issued its quarterly earnings results on Tuesday, January, 9th. The electronics maker reported $3.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.23 by $0.49. The electronics maker earned $934.70 million during the quarter, compared to the consensus estimate of $935.14 million. Acuity Brands had a trailing twelve-month return on equity of 21.22% and a net margin of 9.81%. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the company earned $3.04 EPS.

How often does Acuity Brands pay dividends? What is the dividend yield for Acuity Brands?

Acuity Brands announced a quarterly dividend on Thursday, March 28th. Investors 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 yield of 0.24%. The ex-dividend date is Tuesday, April 16th.
Read our dividend analysis for AYI
.

Is Acuity Brands a good dividend stock?

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.

What guidance has Acuity Brands issued on next quarter's earnings?

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

What is Neil Ashe's approval rating as Acuity Brands' CEO?

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.

What other stocks do shareholders of Acuity Brands own?

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).

Who are Acuity Brands' major shareholders?

Acuity Brands' stock is owned by a variety of institutional and retail 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.
View institutional ownership trends
.

How do I buy shares of Acuity Brands?

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.
Compare Top Brokerages Here.

This page (NYSE:AYI) was last updated on 4/19/2024 by MarketBeat.com Staff

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