Acuity Brands (NYSE:AYI – Get Free Report) posted its quarterly earnings results on Tuesday. The electronics maker reported $4.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.90 by $0.40, Briefing.com reports. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Acuity Brands had a net margin of 10.12% and a return on equity of 20.97%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $3.74 EPS. Acuity Brands updated its FY25 guidance to $16.00-17.50 EPS.
Acuity Brands Price Performance
AYI stock opened at $300.21 on Thursday. The company has a fifty day moving average price of $250.76 and a 200-day moving average price of $253.78. The company has a market capitalization of $9.24 billion, a P/E ratio of 24.41, a PEG ratio of 1.77 and a beta of 1.41. Acuity Brands has a 52-week low of $156.84 and a 52-week high of $303.04. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.15 and a current ratio of 2.77.
Acuity Brands Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Friday, October 18th. Acuity Brands’s payout ratio is currently 4.88%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on AYI
Acuity Brands Company Profile
Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.
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