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NYSE:AYI

Acuity Brands (AYI) Stock Price, News & Analysis

$253.39
-9.49 (-3.61%)
(As of 05/28/2024 ET)
Today's Range
$250.72
$262.22
50-Day Range
$246.02
$272.12
52-Week Range
$149.30
$272.74
Volume
406,466 shs
Average Volume
255,508 shs
Market Capitalization
$7.80 billion
P/E Ratio
21.19
Dividend Yield
0.24%
Price Target
$289.25

Acuity Brands MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
14.2% Upside
$289.25 Price Target
Short Interest
Bearish
4.88% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.05
Upright™ Environmental Score
News Sentiment
1.18mentions of Acuity Brands in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$2.03 M Sold Last Quarter
Proj. Earnings Growth
9.88%
From $14.48 to $15.91 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.

4.20 out of 5 stars

Construction Sector

29th out of 100 stocks

Electric Lighting & Wiring Equipment Industry

2nd out of 4 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

Acuity Brands, Inc.
Oppenheimer Reaffirms Their Buy Rating on Acuity Brands (AYI)
4 Analysts Have This To Say About Acuity Brands
Company News for Apr 4, 2024
Q2 2024 Acuity Brands Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
4/03/2024
Ex-Dividend for 5/1 Dividend
4/16/2024
Dividend Payable
5/01/2024
Today
5/28/2024
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
+14.2%
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
$15.85 per share
Book Value
$64.61 per share

Miscellaneous

Free Float
30,336,000
Market Cap
$7.80 billion
Optionable
Optionable
Beta
1.47

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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 equities 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 equities 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 brokers have issued 12-month price objectives for Acuity Brands' shares. Their AYI share price targets range from $261.00 to $315.00. On average, they expect the company's stock price to reach $289.25 in the next year. This suggests a possible upside of 14.2% 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 23.7% and is now trading at $253.39.
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 May. As of May 15th, there was short interest totaling 1,500,000 shares, an increase of 11.9% from the April 30th total of 1,340,000 shares. Based on an average daily trading volume, of 233,400 shares, the short-interest ratio is presently 6.4 days. Approximately 4.9% of the company's stock are short sold.
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) announced its quarterly earnings results on Wednesday, April, 3rd. The electronics maker reported $3.08 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.23. The electronics maker had revenue of $905.90 million for the quarter, compared to the consensus estimate of $897.01 million. Acuity Brands had a net margin of 9.81% and a trailing twelve-month return on equity of 21.22%.

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. Shareholders of record on Wednesday, April 17th will be given a dividend of $0.15 per share on Wednesday, May 1st. This represents a $0.60 annualized dividend 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 0.23%. 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 3.77% 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 EPS guidance of 14.750-15.500 for the period, compared to the consensus earnings per share 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 investors include Vanguard Group Inc. (10.07%), Boston Partners (2.22%), LSV Asset Management (1.61%), Earnest Partners LLC (0.91%), Captrust Financial Advisors (0.73%) and Mirae Asset Global Investments Co. Ltd. (0.46%). Insiders that own company stock include Barry R Goldman, Dianne S Mills, Karen J Holcom, Laura O'shaughnessy and Maya Leibman.
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 5/29/2024 by MarketBeat.com Staff

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