Acuity Brands - AYI Stock Forecast, Price & News

8 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 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AYI shares.
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8 Wall Street research analysts have issued 12-month target prices for Acuity Brands' shares. Their AYI share price forecasts range from $188.00 to $213.00. On average, they expect the company's share price to reach $205.43 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price.
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Acuity Brands' stock was trading at $211.72 on January 1st, 2022. Since then, AYI stock has decreased by 14.0% and is now trading at $182.05.
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Acuity Brands saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,410,000 shares, an increase of 6.8% from the October 31st total of 1,320,000 shares. Based on an average daily trading volume, of 285,700 shares, the short-interest ratio is currently 4.9 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 Friday, January 6th 2023.
View our AYI earnings forecast.

Acuity Brands, Inc. (NYSE:AYI) issued its quarterly earnings results on Tuesday, October, 4th. The electronics maker reported $3.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.61 by $0.34. The electronics maker earned $1.11 billion during the quarter, compared to analysts' expectations of $1.08 billion. Acuity Brands had a trailing twelve-month return on equity of 20.76% and a net margin of 9.59%. The company's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.05 EPS.

Acuity Brands declared a quarterly dividend on Thursday, September 29th. Investors of record on Monday, October 17th will be given a dividend of $0.13 per share on Tuesday, November 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Friday, October 14th.
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 0.29%. The dividend payout ratio is 4.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AYI will have a dividend payout ratio of 4.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AYI.

Acuity Brands updated its FY 2023 earnings guidance on Thursday, October, 27th. The company provided earnings per share (EPS) guidance of $13.00-$14.50 for the period, compared to the consensus EPS estimate of $13.11. The company issued revenue guidance of $4.10 billion-$4.30 billion, compared to the consensus revenue estimate of $4.08 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 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 Vanguard Group Inc. (9.94%), BlackRock Inc. (8.97%), State Street Corp (2.86%), Dimensional Fund Advisors LP (1.88%), LSV Asset Management (1.84%) and Cooke & Bieler LP (1.70%). 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 $182.05.

Acuity Brands (NYSE:AYI) has a market capitalization of $5.85 billion and generates $4.01 billion in revenue each year. The electronics maker earns $384 million in net income (profit) each year or $11.14 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.