Acuity Brands Company Profile (NYSE:AYI)

Acuity Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "AYI."

Acuity Brands declared a quarterly dividend on Monday, October 2nd. Investors of record on Wednesday, October 18th will be paid a dividend of $0.13 per share on Wednesday, November 1st. This represents a $0.52 annualized dividend and a yield of 0.32%. The ex-dividend date is Tuesday, October 17th. View Acuity Brands' Dividend History.

Acuity Brands declared that its board has approved a stock buyback plan on Friday, June 30th 2017, which permits the company to buyback 2,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

Acuity Brands, Inc. (NYSE:AYI) issued its earnings results on Wednesday, October, 4th. The company reported $2.55 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.25. The business earned $957.60 million during the quarter, compared to the consensus estimate of $975.05 million. Acuity Brands had a return on equity of 22.68% and a net margin of 9.45%. The business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 EPS. View Acuity Brands' Earnings History.

Acuity Brands is scheduled to release their next quarterly earnings announcement on Monday, January, 8th 2018. View Earnings Estimates for Acuity Brands.

12 analysts have issued 1 year target prices for Acuity Brands' shares. Their predictions range from $130.00 to $245.00. On average, they anticipate Acuity Brands' stock price to reach $197.17 in the next twelve months. View Analyst Ratings for Acuity Brands.

Here are some recent quotes from research analysts about Acuity Brands stock:

• 1. According to Zacks Investment Research, "Shares of Acuity Brands lost 27.3% so far this year. Acuity Brands operates in a highly competitive industry that is affected by volatility owing to a number of general business and economic factors. Higher spending on research and development of energy efficient lighting products may dent margins and thereby the bottom line of the company. Gross profit margin in the last quarter decreased 200 basis points year over year. The company’s profits in the last quarter were adversely impacted by higher-than-normal supply chain costs, including increased quality expenses and inbound freight charges." (9/19/2017)
• 2. Deutsche Bank AG analysts commented, "AYI shares have been under pressure on concerns over near term risk to earnings. Although we lower our FY17/18 growth projections somewhat in order to reflect the moderating growth trends in LED lighting and slightly longer than anticipated slowdown driven by near term policy uncertainty, we maintain our Buy as our analysis and channel checks suggest that the FQ2 results would generally come in line with consensus and street ests for the remaining quarters also reflect slowdown in growth expectations. We believe share price multiple would depend on whether mgmt comments suggest acceleration in both small and larger project segments." (3/14/2017)

Some companies that are related to Acuity Brands include Ferguson Plc (FERG), China Lodging Group, Ltd (HTHT), Persimmon plc (PSN), Burberry Group plc (BRBY), InterContinental Hotels Group PLC (IHG), Adient PLC (ADNT), Tui AG (TUI), Whitbread plc (WTB), ITV plc (ITV), Barratt Developments Plc (BDEV), NEXT plc (NXT), Staples (SPLS), Kingfisher plc (KGF), Taylor Wimpey plc (TW), Pearson plc (PSON), Marks and Spencer Group Plc (MKS), Berkeley Group Holdings PLC (BKG) and GKN plc (GKN).

Acuity Brands' management team includes the folowing people:

• Vernon J. Nagel, Chairman of the Board, President, Chief Executive Officer
• Richard K. Reece, Chief Financial Officer, Executive Vice President
• Mark A. Black, Executive Vice President
• Peter Crane Browning, Lead Independent Director
• George Douglas Dillard Jr., Director
• Mary A. Winston CPA, Director
• W. Patrick Battle, Independent Director
• James H. Hance Jr., Independent Director

Acuity Brands' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Mutual of America Capital Management LLC (0.01%) and Assenagon Asset Management S.A. (0.01%). Company insiders that own Acuity Brands stock include Mark A Black, Peter C Browning, Ray M Robinson, Richard K Reece, Vernon J Nagel and W Patrick Battle. View Institutional Ownership Trends for Acuity Brands.

Acuity Brands' stock was sold by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC. Company insiders that have sold Acuity Brands stock in the last year include Mark A Black, Peter C Browning and Ray M Robinson. View Insider Buying and Selling for Acuity Brands.

Acuity Brands' stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A.. View Insider Buying and Selling for Acuity Brands.

Shares of Acuity Brands can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Acuity Brands stock can currently be purchased for approximately $160.90.