Acuity Brands Stock Price, News & Analysis (NYSE:AYI)

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Acuity Brands in the last year. 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 equities research analysts have issued twelve-month target prices for Acuity Brands' stock. Their AYI share price targets range from $170.00 to $210.00. On average, they anticipate the company's stock price to reach $186.60 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
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Acuity Brands' stock was trading at $165.61 at the beginning of 2023. Since then, AYI shares have increased by 7.2% and is now trading at $177.60.
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Acuity Brands saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,950,000 shares, a drop of 20.1% from the October 31st total of 2,440,000 shares. Based on an average daily trading volume, of 333,000 shares, the days-to-cover ratio is currently 5.9 days. Currently, 6.3% of the shares of the company are short sold.
View Acuity Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 8th 2024.
View our AYI earnings forecast.

Acuity Brands, Inc. (NYSE:AYI) issued its quarterly earnings results on Wednesday, October, 4th. The electronics maker reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.24. The electronics maker had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.02 billion. Acuity Brands had a trailing twelve-month return on equity of 21.41% and a net margin of 8.75%. The business's quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.72 earnings per share.

Acuity Brands declared a quarterly dividend on Thursday, September 28th. Shareholders of record on Wednesday, October 18th will be given a dividend of $0.13 per share on Wednesday, November 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Tuesday, October 17th.
Read our dividend analysis for AYI.

Acuity Brands (NYSE:AYI) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.28%. The dividend payout ratio is 4.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AYI will have a dividend payout ratio of 4.08% 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 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 updated its FY 2024 earnings guidance on Thursday, October, 5th. The company provided earnings per share (EPS) guidance of $13.00-$14.50 for the period, compared to the consensus EPS estimate of $13.18. The company issued revenue guidance of $3.70 billion-$4.00 billion, compared to the consensus revenue estimate of $3.89 billion.

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 number of institutional and retail investors. Top institutional shareholders include FMR LLC (10.88%), JPMorgan Chase & Co. (3.50%), Fuller & Thaler Asset Management Inc. (2.73%), Ameriprise Financial Inc. (2.47%), Boston Partners (2.29%) and Morgan Stanley (2.18%). Insiders that own company stock include Barry R Goldman, Barry R Goldman, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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