About Acuity Brands (NYSE:AYI)
Acuity Brands, Inc. is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications. The portfolio of lighting solutions include lighting products utilizing fluorescent, light emitting diode (LED), organic LED (OLED), high intensity discharge, metal halide, and incandescent light sources to illuminate a number of applications. The solutions portfolio of the Company also includes modular wiring, LED drivers, sensors, glass and inverters sold primarily to original equipment manufacturers (OEMs). Its lighting and building management solutions are marketed under various brand names, including Lithonia Lighting and Holophane.
Industry, Sector and Symbol:
- Sector: Construction
- Industry: Lighting Fixtures
- Sub-Industry: Electrical Components & Equipment
- Symbol: NYSE:AYI
- CUSIP: 00508Y10
- Web: www.acuitybrands.com
- Market Cap: $6.74 billion
- Outstanding Shares: 41,900,000
- 50 Day Moving Avg: $169.94
- 200 Day Moving Avg: $179.80
- 52 Week Range: $153.28 - $261.43
Sales & Book Value:
- Trailing P/E Ratio: 19.04
- Foreward P/E Ratio: 16.50
- P/E Growth: 0.89
- Annual Revenue: $3.51 billion
- Price / Sales: 1.92
- Book Value: $39.75 per share
- Price / Book: 4.05
- Annual Dividend: $0.52
- Dividend Yield: 0.3%
- EBITDA: $606.3 million
- Net Margins: 9.18%
- Return on Equity: 20.47%
- Return on Assets: 11.89%
- Debt-to-Equity Ratio: 0.21%
- Current Ratio: 2.07%
- Quick Ratio: 1.53%
- Average Volume: 551,134 shs.
- Beta: 1.43
- Short Ratio: 7.55
Frequently Asked Questions for Acuity Brands (NYSE:AYI)
What is Acuity Brands' stock symbol?
Acuity Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "AYI."
How often does Acuity Brands pay dividends? What is the dividend yield for Acuity Brands?
Acuity Brands declared a quarterly dividend on Monday, October 2nd. Stockholders of record on Wednesday, October 18th will be given a dividend of $0.13 per share on Wednesday, November 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, October 17th. View Acuity Brands' Dividend History.
How will Acuity Brands' stock buyback program work?
Acuity Brands declared that its Board of Directors has authorized a share buyback program 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 reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board believes its shares are undervalued.
How were Acuity Brands' earnings last quarter?
Acuity Brands Inc (NYSE:AYI) posted its quarterly earnings data on Wednesday, October, 4th. The company reported $2.55 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.30 by $0.25. The firm earned $957.60 million during the quarter, compared to analyst estimates of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The business's revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.21 EPS. View Acuity Brands' Earnings History.
When will Acuity Brands make its next earnings announcement?
Where is Acuity Brands' stock going? Where will Acuity Brands' stock price be in 2017?
12 brokers have issued 1-year target prices for Acuity Brands' shares. Their forecasts range from $130.00 to $245.00. On average, they anticipate Acuity Brands' share price to reach $197.17 in the next year. View Analyst Ratings for Acuity Brands.
What are analysts saying about Acuity Brands stock?
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)
Who are some of Acuity Brands' key competitors?
Some companies that are related to Acuity Brands include Masco Corporation (MAS), United Rentals (URI), NVR (NVR), Cemex S.A.B. de C.V. (CX), Lennar Corporation (LEN), Lennar Corporation (LEN.B), Rollins (ROL), Owens Corning (OC), PulteGroup (PHM), Lennox International (LII), Toll Brothers (TOL), Jacobs Engineering Group (JEC), RPM International (RPM), Thor Industries (THO), James Hardie Industries PLC. (JHX), ServiceMaster Global Holdings (SERV), Fluor Corporation (FLR) and Watsco (WSO).
Who are Acuity Brands' key executives?
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
Who owns Acuity Brands stock?
Acuity Brands' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.07%), State Treasurer State of Michigan (0.03%), 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.
Who sold Acuity Brands stock? Who is selling Acuity Brands stock?
Acuity Brands' stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan and 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.
Who bought Acuity Brands stock? Who is buying Acuity Brands stock?
How do I buy Acuity Brands stock?
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.
What is Acuity Brands' stock price today?
MarketBeat Community Rating for Acuity Brands (NYSE AYI)MarketBeat's community ratings are surveys of what our community members think about Acuity Brands and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Acuity Brands stock can currently be purchased for approximately $160.90.
Consensus Ratings for Acuity Brands (NYSE:AYI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 6 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.33)|
|Consensus Price Target: ||$197.17 (22.54% upside)|Consensus Price Target History for Acuity Brands (NYSE:AYI)
Analysts' Ratings History for Acuity Brands (NYSE:AYI)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/13/2017||KeyCorp||Initiated Coverage||Sector Weight||N/A|
|10/10/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Buy||$230.00 -> $200.00||N/A|
|10/9/2017||Wolfe Research||Downgrade||Outperform -> Market Perform||N/A|
|10/6/2017||Seaport Global Securities||Reiterated Rating||Buy||$225.00 -> $200.00||N/A|
|10/5/2017||Roth Capital||Set Price Target||Sell||$150.00 -> $130.00||N/A|
|10/3/2017||JMP Securities||Upgrade||Underperform -> Market Perform||$183.00||Low|
|9/19/2017||Robert W. Baird||Downgrade||Outperform -> Neutral||$212.00 -> $178.00||High|
|9/15/2017||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||$225.00 -> $185.00||High|
|6/30/2017||Deutsche Bank AG||Boost Price Target||Buy||$215.00 -> $245.00||Low|
|6/30/2017||Canaccord Genuity||Reiterated Rating||Buy||$215.00||Low|
|6/30/2017||Cowen and Company||Lower Price Target||Outperform||$230.00 -> $226.00||Low|
|4/5/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||$256.00 -> $186.00||Medium|
|10/14/2016||William Blair||Reiterated Rating||Outperform||N/A|
|10/4/2016||DA Davidson||Reiterated Rating||Hold||$255.00||N/A|
|9/30/2016||Williams Capital||Initiated Coverage||Buy||$306.00||N/A|
|2/9/2016||Piper Jaffray Companies||Reiterated Rating||Buy||N/A|
|1/11/2016||Stifel Nicolaus||Boost Price Target||Buy||$235.00 -> $250.00||N/A|
Earnings History for Acuity Brands (NYSE:AYI)Earnings History by Quarter for Acuity Brands (NYSE AYI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/4/2017||Q4 2017||$2.30||$2.55||$975.05 million||$957.60 million||View||N/A|
|6/29/2017||Q3 17||$2.03||$2.15||$878.66 million||$891.60 million||View||N/A|
|4/4/2017||Q2 2017||$1.83||$1.77||$827.22 million||$804.70 million||View||Listen|
|1/9/2017||Q117||$2.16||$2.00||$887.08 million||$851.20 million||View||Listen|
|10/5/2016||Q416||$2.39||$2.21||$948.26 million||$925.50 million||View||Listen|
|6/29/2016||Q316||$2.03||$2.06||$853.20 million||$851.50 million||View||Listen|
|4/6/2016||Q216||$1.51||$1.80||$749.26 million||$777.80 million||View||Listen|
|1/8/2016||Q116||$1.58||$1.65||$740.31 million||$736.60 million||View||Listen|
|10/7/2015||Q4||$1.62||$1.63||$753.15 million||$759.50 million||View||Listen|
|7/1/2015||Q315||$1.34||$1.37||$688.03 million||$683.70 million||View||Listen|
|4/1/2015||Q215||$1.05||$1.08||$627.15 million||$616.10 million||View||Listen|
|1/9/2015||Q1||$1.15||$1.32||$635.61 million||$647.40 million||View||Listen|
|7/1/2014||Q314||$1.13||$1.00||$609.09 million||$603.90 million||View||N/A|
|4/2/2014||Q2||$0.84||$0.75||$553.95 million||$546.20 million||View||Listen|
|1/9/2014||Q1||$0.84||$0.96||$540.93 million||$574.70 million||View||Listen|
|10/1/2013||Q413||$1.02||$1.03||$569.33 million||$579.80 million||View||Listen|
|7/2/2013||Q3 2013||$0.88||$0.97||$518.76 million||$541.50 million||View||Listen|
|4/3/2013||Q2 2013||$0.61||$0.62||$469.19 million||$486.70 million||View||Listen|
|1/8/2013||Q1 2013||$0.80||$0.69||$498.79 million||$481.10 million||View||Listen|
|10/2/2012||Q412||$0.92||$0.88||$522.09 million||$514.30 million||View||N/A|
Earnings Estimates for Acuity Brands (NYSE:AYI)
2017 EPS Consensus Estimate: $8.10
2018 EPS Consensus Estimate: $8.59
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Acuity Brands (NYSE:AYI)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||6.99% (Trailing 12 Months of Earnings) |
5.76% (Based on This Year's Estimates)
5.33% (Based on Next Year's Estimates)
Dividend History by Quarter for Acuity Brands (NYSE AYI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Acuity Brands (NYSE:AYI)
Insider Ownership Percentage: 1.40%Insider Trades by Quarter for Acuity Brands (NYSE:AYI)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/14/2017||Mark A. Black||EVP||Sell||5,427||$205.29||$1,114,108.83|| |
|7/6/2017||Peter C Browning||Director||Sell||970||$200.05||$194,048.50|| |
|2/7/2017||Ray M Robinson||Director||Sell||1,100||$206.19||$226,809.00|| |
|7/11/2016||Richard K. Reece||CFO||Sell||33,430||$269.07||$8,995,010.10|| |
|7/11/2016||Vernon J. Nagel||CEO||Sell||65,060||$268.30||$17,455,598.00|| |
|7/6/2016||Mark A. Black||EVP||Sell||2,654||$250.27||$664,216.58|| |
|7/1/2016||Ray M Robinson||Director||Sell||786||$248.55||$195,360.30|| |
|4/22/2016||Vernon J Nagel||CEO||Sell||47,995||$256.18||$12,295,359.10|| |
|4/20/2016||Vernon J Nagel||CEO||Sell||8,865||$259.24||$2,298,162.60|| |
|4/14/2016||Peter C Browning||Director||Sell||629||$256.05||$161,055.45|| |
|4/11/2016||Mark A Black||EVP||Sell||2,678||$248.16||$664,572.48|| |
|2/5/2016||W. Patrick Battle||Director||Buy||1,314||$189.98||$249,633.72|| |
|11/16/2015||Richard K. Reece||CFO||Sell||8,394||$217.00||$1,821,498.00|| |
|11/5/2015||Richard K. Reece||CFO||Sell||7,780||$217.02||$1,688,415.60|| |
|11/5/2015||Vernon J. Nagel||CEO||Sell||71,600||$215.19||$15,407,604.00|| |
|11/4/2015||Mark A. Black||EVP||Sell||17,173||$215.27||$3,696,831.71|| |
|11/4/2015||Richard K. Reece||CFO||Sell||6,146||$217.00||$1,333,682.00|| |
|7/10/2015||Julia B North||Director||Sell||4,441||$190.00||$843,790.00|| |
|7/10/2015||Vernon J Nagel||CEO||Sell||80,319||$189.42||$15,214,024.98|| |
|7/7/2015||Ray M Robinson||Director||Sell||1,934||$188.90||$365,332.60|| |
|7/6/2015||Mark A Black||EVP||Sell||2,667||$188.05||$501,529.35|| |
|10/30/2014||Mark A Black||EVP||Sell||19,363||$136.74||$2,647,696.62|| |
|10/23/2014||Vernon J Nagel||CEO||Sell||89,800||$133.36||$11,975,728.00|| |
|10/31/2013||Mark A Black||EVP||Sell||21,185||$101.17||$2,143,286.45|| |
|10/31/2013||Ray M Robinson||Director||Sell||1,815||$101.34||$183,932.10|| |
|10/28/2013||Robert F Mccullough||Director||Sell||1,815||$103.07||$187,072.05|| |
|10/23/2013||Peter C Browning||Director||Sell||1,815||$103.77||$188,342.55|| |
|8/12/2013||Ray Robinson||Director||Sell||1,815||$87.72||$159,211.80|| |
|7/18/2013||Richard K Reece||CFO||Sell||18,000||$85.19||$1,533,420.00|| |
|7/17/2013||Vernon J Nagel||CEO||Sell||100,000||$84.89||$8,489,000.00|| |
|4/10/2013||Mark A Black||EVP||Sell||2,002||$73.80||$147,747.60|| |
|4/9/2013||Vernon J Nagel||CEO||Sell||21,518||$73.59||$1,583,509.62|| |
Headline Trends for Acuity Brands (NYSE:AYI)
Latest Headlines for Acuity Brands (NYSE:AYI)
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Acuity Brands (AYI) Chart for Sunday, October, 22, 2017