Acuity Brands Company Profile (NYSE:AYI)

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

Acuity Brands announced a quarterly dividend on Wednesday, June 28th. Investors of record on Tuesday, July 18th will be given a dividend of $0.13 per share on Tuesday, August 1st. This represents a $0.52 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, July 14th. View Acuity Brands' Dividend History.

Acuity Brands announced that its Board of Directors has authorized a share repurchase plan on Friday, June 30th 2017, which authorizes the company to repurchase 2,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Acuity Brands Inc (NYSE:AYI) posted its quarterly earnings results on Thursday, June, 29th. The company reported $2.15 EPS for the quarter, beating the Zacks' consensus estimate of $2.03 by $0.12. The business earned $891.60 million during the quarter, compared to analysts' expectations of $878.66 million. Acuity Brands had a return on equity of 19.89% and a net margin of 9.04%. Acuity Brands's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.06 EPS. View Acuity Brands' Earnings History.

Acuity Brands is scheduled to release their next quarterly earnings announcement on Tuesday, October, 3rd 2017. View Earnings Estimates for Acuity Brands.

15 brokerages have issued 12-month target prices for Acuity Brands' stock. Their predictions range from $150.00 to $306.00. On average, they expect Acuity Brands' stock price to reach $220.64 in the next year. View Analyst Ratings for Acuity Brands.

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

• 1. According to Zacks Investment Research, "Acuity Brands’ third-quarter fiscal 2017 earnings and revenues both surpassed analysts’ expectations. This marks the first quarter of beats after four straight quarters of earnings and revenue misses.  Net sales increased 5% year over year mainly driven by a 6% increase in volumes.  Sales volumes improved across most key product categories and sales channels. Also, Acuity Brands’ shares outperformed the Zacks categorized Building Products - Lighting Fixtures industry in the last one month. Estimates for the current quarter moved 2.3% up in the last seven days while that for the current year rose 0.3%.  In spite of achieving record third-quarter net sales and earnings, the company’s profits were adversely impacted by higher-than-normal supply chain costs, including increased quality expenses and inbound freight charges." (7/6/2017)
• 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 Vulcan Materials Company (VMC), Wolseley plc (WOSYY), Wolseley PLC (WOSYY), Martin Marietta Materials (MLM), D.R. Horton (DHI), Lennar Corporation (LEN), Masco Corporation (MAS), Lennar Corporation (LEN.B), United Rentals (URI), NVR (NVR), Rollins (ROL), Lennox International (LII), PulteGroup (PHM), RPM International (RPM), Owens Corning (OC), James Hardie Industries PLC. (JHX), Toll Brothers (TOL) and Jacobs Engineering Group (JEC).

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
• Mary A. Winston CPA, Director
• W. Patrick Battle, Independent Director
• James H. Hance Jr., Independent Director
• Gordon D. Harnett, Independent Director

Acuity Brands' stock is owned by many different of retail and institutional investors. Top institutional shareholders include NN Investment Partners Holdings N.V. (0.95%), Bank of Montreal Can (0.19%), Forsta AP Fonden (0.18%), Lathrop Investment Management Corp (0.15%), Handelsbanken Fonder AB (0.10%) and Chevy Chase Trust Holdings Inc. (0.09%). 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 OLD National Bancorp IN, US Bancorp DE, Handelsbanken Fonder AB, Exxonmobil Investment Management Inc. TX, Bath Savings Trust Co, Terra Nova Asset Management LLC, Mountain Pacific Investment Advisers Inc. ID and Independent Portfolio Consultants Inc.. 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 NN Investment Partners Holdings N.V., Forsta AP Fonden, Pennsylvania Trust Co, Livingston Group Asset Management CO operating as Southport Capital Management, Northstar Asset Management LLC, Mn Services Vermogensbeheer B.V., Aperio Group LLC and Bank of Montreal Can. 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 $205.26.