Will earnings report, end it’s winning streak? Acuity Brands (NYSE:AYI)

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Earnings results for Acuity Brands (NYSE:AYI)

Acuity Brands, Inc. is expected* to report earnings on 01/07/2021 before market open. The report will be for the fiscal Quarter ending Nov 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.6800000000000002. The reported EPS for the same quarter last year was $1.8.

Acuity Brands last announced its quarterly earnings data on October 13th, 2020. The electronics maker reported $2.35 EPS for the quarter, beating the consensus estimate of $2.03 by $0.32. The firm had revenue of $891.20 million for the quarter, compared to analyst estimates of $825.34 million. Its quarterly revenue was down 5.0% compared to the same quarter last year. Acuity Brands has generated $7.51 earnings per share over the last year and currently has a price-to-earnings ratio of 20.5. Acuity Brands has confirmed that its next quarterly earnings report will be published on Thursday, January 7th, 2021.

Analyst Opinion on Acuity Brands (NYSE:AYI)

8 Wall Street analysts have issued ratings and price targets for Acuity Brands in the last 12 months. Their average twelve-month price target is $101.56, predicting that the stock has a possible downside of 20.85%. The high price target for AYI is $140.00 and the low price target for AYI is $50.00. There are currently 2 sell ratings, 2 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 2.25, and is based on 4 buy ratings, 2 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $101.56, Acuity Brands has a forecasted downside of 20.8% from its current price of $128.30. Acuity Brands has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Acuity Brands (NYSE:AYI)

Acuity Brands has a dividend yield of 0.43%, which is in the bottom 25% of all stocks that pay dividends. Acuity Brands has only been increasing its dividend for 1 years. The dividend payout ratio of Acuity Brands is 6.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Acuity Brands will have a dividend payout ratio of 6.08% next year. This indicates that Acuity Brands will be able to sustain or increase its dividend.

Insiders buying/selling: Acuity Brands (NYSE:AYI)

In the past three months, Acuity Brands insiders have not sold or bought any company stock. Only 2.00% of the stock of Acuity Brands is held by insiders. 97.23% 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 (NYSE:AYI

Earnings for Acuity Brands are expected to grow by 18.59% in the coming year, from $7.21 to $8.55 per share. The P/E ratio of Acuity Brands is 20.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.23. The P/E ratio of Acuity Brands is 20.46, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 33.16. Acuity Brands has a PEG Ratio of 1.68. PEG Ratios above 1 indicate that a company could be overvalued. Acuity Brands has a P/B Ratio of 2.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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