Wall Street analysts forecast that Acuity Brands, Inc. (NYSE:AYI) will announce sales of $931.72 million for the current quarter, Zacks reports. Six analysts have issued estimates for Acuity Brands’ earnings, with the highest sales estimate coming in at $967.10 million and the lowest estimate coming in at $870.00 million. Acuity Brands reported sales of $842.80 million in the same quarter last year, which indicates a positive year over year growth rate of 10.6%. The company is expected to issue its next earnings results on Tuesday, January 8th.

On average, analysts expect that Acuity Brands will report full-year sales of $3.88 billion for the current fiscal year, with estimates ranging from $3.64 billion to $3.99 billion. For the next fiscal year, analysts anticipate that the business will post sales of $4.13 billion, with estimates ranging from $4.06 billion to $4.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Acuity Brands.

Acuity Brands (NYSE:AYI) last issued its quarterly earnings results on Wednesday, October 3rd. The electronics maker reported $2.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.12. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. Acuity Brands had a net margin of 9.50% and a return on equity of 20.30%. Acuity Brands’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $2.55 EPS.

Several research analysts recently issued reports on AYI shares. ValuEngine upgraded shares of Acuity Brands from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 28th. Robert W. Baird upgraded shares of Acuity Brands from a “neutral” rating to an “outperform” rating and set a $185.00 price target for the company in a research note on Friday, September 7th. Goldman Sachs Group lowered shares of Acuity Brands from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $141.00 to $126.00 in a research note on Wednesday, September 12th. JMP Securities set a $170.00 price target on shares of Acuity Brands and gave the stock a “buy” rating in a research note on Wednesday, September 12th. Finally, Wells Fargo & Co upgraded shares of Acuity Brands from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $140.00 to $187.00 in a research note on Thursday, September 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $150.89.

Shares of Acuity Brands stock traded up $0.66 during trading on Monday, hitting $120.66. The company’s stock had a trading volume of 30,663 shares, compared to its average volume of 392,532. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.77 and a quick ratio of 1.17. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.29 and a beta of 1.55. Acuity Brands has a 52 week low of $109.98 and a 52 week high of $186.99.

Large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its stake in Acuity Brands by 280.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,172 shares of the electronics maker’s stock valued at $136,000 after purchasing an additional 864 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in Acuity Brands during the 3rd quarter valued at about $214,000. Veritable L.P. bought a new stake in Acuity Brands during the 3rd quarter valued at about $214,000. Itau Unibanco Holding S.A. increased its stake in Acuity Brands by 72.2% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,391 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 583 shares in the last quarter. Finally, Pillar Pacific Capital Management LLC bought a new stake in Acuity Brands during the 3rd quarter valued at about $220,000. Institutional investors and hedge funds own 99.09% of the company’s stock.

About Acuity Brands

Acuity Brands, Inc provides lighting and building management solutions and services for commercial, institutional, industrial, infrastructure, and residential applications in North America and internationally. The company offers lighting and controls products and solutions, such as recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, landscape, and underwater lighting; area pedestrian, flood, and decorative site lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.

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