Acuity Brands (AYI) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acuity Brands in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AYI shares.
View AYI analyst ratings or view top-rated stocks.

6 brokerages have issued 12 month target prices for Acuity Brands' shares. Their AYI share price forecasts range from $170.00 to $210.00. On average, they anticipate the company's stock price to reach $188.43 in the next year. This suggests a possible upside of 10.6% from the stock's current price.
View analysts price targets for AYI or view top-rated stocks among Wall Street analysts.

Acuity Brands' stock was trading at $165.61 at the beginning of 2023. Since then, AYI shares have increased by 2.8% and is now trading at $170.31.
View the best growth stocks for 2023 here.

Acuity Brands saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,430,000 shares, a decrease of 14.1% from the August 15th total of 2,830,000 shares. Based on an average daily trading volume, of 336,000 shares, the days-to-cover ratio is presently 7.2 days. Approximately 7.8% of the shares of the stock are sold short.
View Acuity Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 4th 2023.
View our AYI earnings forecast.

Acuity Brands will be holding an earnings conference call on Wednesday, October 4th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Acuity Brands, Inc. (NYSE:AYI) released its earnings results on Friday, January, 7th. The electronics maker reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates of $2.41 by $0.44. The electronics maker had revenue of $926.10 million for the quarter, compared to the consensus estimate of $879.24 million. Acuity Brands had a trailing twelve-month return on equity of 21.97% and a net margin of 9.34%. The company's quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business earned $1.87 earnings per share.

Acuity Brands declared a quarterly dividend on Thursday, September 28th. Shareholders of record on Wednesday, October 18th will be paid a dividend of $0.13 per share on Wednesday, November 1st. This represents a $0.52 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Tuesday, October 17th.
Read our dividend analysis for AYI.

ETFs with the largest weight of Acuity Brands (NYSE:AYI) stock in their portfolio include SPDR S&P Kensho Intelligent Structures ETF (SIMS), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), AdvisorShares Insiders Advantage ETF (SURE), Fidelity Sustainable U.S. Equity ETF (FSST), First Trust Long/Short Equity ETF (FTLS) and Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).John Hancock Multifactor Small Cap ETF (JHSC).

Acuity Brands (NYSE:AYI) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.31%. The dividend payout ratio is 4.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AYI will have a dividend payout ratio of 4.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AYI.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "AYI."

Shares of AYI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AYI stock can currently be purchased for approximately $170.31.

Acuity Brands (NYSE:AYI) has a market capitalization of $5.31 billion and generates $4.05 billion in revenue each year. The electronics maker earns $384 million in net income (profit) each year or $11.62 on an earnings per share basis.

The company employs 13,200 workers across the globe.

Acuity Brands' mailing address is 1170 PEACHTREE STREET NE SUITE 2300, ATLANTA GA, 30309. The official website for the company is www.acuitybrands.com. The electronics maker can be reached via phone at (404) 853-1400, via email at ir@acuitybrands.com, or via fax at 404-853-1430.