Acuity Brands - AYI Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acuity Brands in the last year. There are currently 2 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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7 analysts have issued 12 month price objectives for Acuity Brands' stock. Their AYI share price forecasts range from $180.00 to $211.00. On average, they predict the company's share price to reach $200.00 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price.
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Acuity Brands' stock was trading at $165.61 at the start of the year. Since then, AYI shares have increased by 11.8% and is now trading at $185.10.
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Acuity Brands saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 1,390,000 shares, an increase of 23.0% from the January 31st total of 1,130,000 shares. Based on an average daily volume of 247,300 shares, the short-interest ratio is presently 5.6 days. Approximately 4.4% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
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Acuity Brands will be holding an earnings conference call on Tuesday, April 4th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Acuity Brands, Inc. (NYSE:AYI) issued its quarterly earnings results on Monday, January, 9th. The electronics maker reported $3.04 EPS for the quarter, beating the consensus estimate of $2.70 by $0.34. The electronics maker earned $997.90 million during the quarter, compared to analysts' expectations of $984.46 million. Acuity Brands had a net margin of 9.11% and a trailing twelve-month return on equity of 21.40%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.85 EPS.

Acuity Brands announced a quarterly dividend on Thursday, January 26th. Stockholders of record on Monday, February 6th will be given a dividend of $0.13 per share on Tuesday, February 14th. This represents a $0.52 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Friday, February 3rd.
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), LeaderShares AlphaFactor US Core Equity ETF (LSAF), Blue Horizon BNE ETF (BNE), WisdomTree U.S. Quality Shareholder Yield Fund (QSY), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) and Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).

Acuity Brands (NYSE:AYI) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.29%. The dividend payout ratio is 4.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AYI will have a dividend payout ratio of 4.00% 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 a variety of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (4.23%), Morgan Stanley (3.74%), American Century Companies Inc. (2.62%), LSV Asset Management (1.79%), Dimensional Fund Advisors LP (1.72%) and Fuller & Thaler Asset Management Inc. (1.69%). 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.
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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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One share of AYI stock can currently be purchased for approximately $185.10.

Acuity Brands (NYSE:AYI) has a market capitalization of $5.93 billion and generates $4.01 billion in revenue each year. The electronics maker earns $384 million in net income (profit) each year or $10.97 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.