Did they just beat EPS? Acuity Brands, Inc. (NYSE:AYI)

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Earnings results for Acuity Brands, Inc. (NYSE:AYI)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingMay 2020 , the consensus EPS* forecast has decreased over the past week from 1.16 to 1.14(1.72%) and decreased over the past month from 1.3 to 1.14(12.31%). Of the 2 analysts making quarterly forecasts, none raised and 0 lowered their forecast. For the fiscal year ending Aug 2020 , the consensus EPS* forecast has decreased over the past week from 6.35 to 6.33(1.16) and decreased over the past month from 6.53 to 6.35(2.76%). Of the 2 analysts making yearly forecasts, none raised and 2 lowered their forecast.

Acuity Brands last issued its quarterly earnings data on April 2nd, 2020. The electronics maker reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by $0.06. The company earned $842.20 million during the quarter, compared to the consensus estimate of $805.18 million. Its revenue was down 1.4% on a year-over-year basis. Acuity Brands has generated $9.00 earnings per share over the last year and currently has a price-to-earnings ratio of 11.2. Acuity Brands has confirmed that its next quarterly earnings report will be published on Tuesday, June 30th, 2020. Acuity Brands will be holding an earnings conference call on Tuesday, June 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Analyst Opinion on Acuity Brands, Inc. (NYSE:AYI)

9 Wall Street analysts have issued ratings and price targets for Acuity Brands in the last 12 months. Their average twelve-month price target is $102.50, suggesting that the stock has a possible upside of 21.37%. The high price target for AYI is $150.00 and the low price target for AYI is $50.00. There are currently 2 sell ratings, 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Acuity Brands has received a consensus rating of Hold. The company’s average rating score is 2.22, and is based on 4 buy ratings, 3 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $102.50, Acuity Brands has a potential upside of 21.4% from its current price of $84.45. Acuity Brands has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Acuity Brands, Inc. (NYSE:AYI)

Acuity Brands has a dividend yield of 0.62%, which is in the bottom 25% of all stocks that pay dividends. Acuity Brands does not have a long track record of dividend growth. The dividend payout ratio of Acuity Brands is 5.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Acuity Brands will have a dividend payout ratio of 7.23% next year. This indicates that Acuity Brands will be able to sustain or increase its dividend.

Insiders buying/selling: Acuity Brands, Inc. (NYSE:AYI)

In the past three months, Acuity Brands insiders have not sold or bought any company stock. Only 1.80% of the stock of Acuity Brands is held by insiders. 92.09% of the stock of Acuity Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Acuity Brands, Inc. (NYSE:AYI

Earnings for Acuity Brands are expected to grow by 13.59% in the coming year, from $6.33 to $7.19 per share. The P/E ratio of Acuity Brands is 11.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.20. The P/E ratio of Acuity Brands is 11.23, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 37.13. Acuity Brands has a PEG Ratio of 1.33. PEG Ratios above 1 indicate that a company could be overvalued. Acuity Brands has a P/B Ratio of 1.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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