Acuity Brands (AYI) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acuity Brands in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AYI shares.
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8 analysts have issued 1 year target prices for Acuity Brands' stock. Their AYI share price forecasts range from $170.00 to $211.00. On average, they anticipate the company's stock price to reach $191.88 in the next twelve months. This suggests a possible upside of 20.0% 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 start of the year. Since then, AYI shares have decreased by 3.4% and is now trading at $159.92.
View the best growth stocks for 2023 here.

Acuity Brands saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,480,000 shares, a decline of 10.8% from the April 15th total of 1,660,000 shares. Based on an average trading volume of 330,600 shares, the short-interest ratio is presently 4.5 days. Approximately 4.7% of the shares of the company are sold short.
View Acuity Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 29th 2023.
View our AYI earnings forecast.

Acuity Brands will be holding an earnings conference call on Thursday, June 29th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Acuity Brands, Inc. (NYSE:AYI) posted its earnings results on Tuesday, April, 4th. The electronics maker reported $2.79 EPS for the quarter, beating the consensus estimate of $2.28 by $0.51. The electronics maker earned $943.60 million during the quarter, compared to analysts' expectations of $959.99 million. Acuity Brands had a net margin of 9.22% and a trailing twelve-month return on equity of 22.20%.

Acuity Brands declared a quarterly dividend on Thursday, March 30th. Shareholders of record on Monday, April 17th will be given a dividend of $0.13 per share on Monday, May 1st. This represents a $0.52 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Friday, April 14th.
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), Fidelity Sustainable U.S. Equity ETF (FSST), Invesco S&P MidCap Quality ETF (XMHQ), LeaderShares AlphaFactor US Core Equity ETF (LSAF), Blue Horizon BNE ETF (BNE), WisdomTree U.S. Quality Shareholder Yield Fund (QSY) and First Trust Industrials/Producer Durables AlphaDEX Fund (FXR).

Acuity Brands (NYSE:AYI) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.35%. The dividend payout ratio is 4.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AYI will have a dividend payout ratio of 4.47% 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."

Acuity Brands' stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (12.52%), BlackRock Inc. (9.32%), Wellington Management Group LLP (3.37%), JPMorgan Chase & Co. (3.29%), State Street Corp (2.96%) and Ameriprise Financial Inc. (2.81%). Insiders that own company stock include Barry R Goldman, Barry R Goldman, Karen J Holcom, Laura O'shaughnessy, Mary A Winston and Peter C Browning.
View institutional ownership trends.

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 $159.92.

Acuity Brands (NYSE:AYI) has a market capitalization of $5.09 billion and generates $4.01 billion in revenue each year. The electronics maker earns $384 million in net income (profit) each year or $11.41 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.