Acuity Brands - AYI Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acuity Brands in the last twelve months. 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 brokers have issued twelve-month price targets for Acuity Brands' shares. 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 year. This suggests a possible upside of 4.4% 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 15.7% and is now trading at $191.61.
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Acuity Brands saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,120,000 shares, an increase of 7.7% from the December 31st total of 1,040,000 shares. Based on an average daily trading volume, of 246,500 shares, the days-to-cover ratio is presently 4.5 days. Currently, 3.5% of the company's shares are sold short.
View Acuity Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
View our AYI earnings forecast.

Acuity Brands, Inc. (NYSE:AYI) released its quarterly earnings data on Monday, January, 9th. The electronics maker reported $3.04 EPS for the quarter, topping analysts' consensus estimates of $2.70 by $0.34. The electronics maker earned $997.90 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.85 earnings per share.

Acuity Brands announced a quarterly dividend on Thursday, January 26th. Stockholders of record on Monday, February 6th will be paid 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 0.27%. The ex-dividend date of this dividend is Friday, February 3rd.
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 0.27%. 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 many different retail and institutional investors. Top institutional shareholders include Seizert Capital Partners LLC (0.77%), Boston Trust Walden Corp (0.61%), Fisher Asset Management LLC (0.28%), Wedge Capital Management L L P NC (0.26%), Lathrop Investment Management Corp (0.23%) and Zurcher Kantonalbank Zurich Cantonalbank (0.22%). 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 $191.61.

Acuity Brands (NYSE:AYI) has a market capitalization of $6.14 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.