Acuity Brands (NYSE:AYI) Updates FY 2025 Earnings Guidance

Acuity Brands (NYSE:AYI) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided earnings per share guidance of 16.500-18.000 for the period, compared to the consensus earnings per share estimate of 17.460. The company issued revenue guidance of $4.3 billion-$4.5 billion, compared to the consensus revenue estimate of $4.4 billion.

Acuity Brands Price Performance

Shares of NYSE:AYI opened at $312.99 on Friday. The firm’s 50 day moving average price is $315.26 and its 200-day moving average price is $280.14. The company has a quick ratio of 2.16, a current ratio of 2.72 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $9.66 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40. Acuity Brands has a twelve month low of $214.32 and a twelve month high of $337.99.

Acuity Brands (NYSE:AYI) last announced its quarterly earnings results on Wednesday, January 8th. The electronics maker reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.10. Acuity Brands had a net margin of 11.00% and a return on equity of 20.49%. The company had revenue of $951.60 million for the quarter, compared to analysts’ expectations of $955.60 million. During the same quarter in the previous year, the business posted $3.72 earnings per share. Acuity Brands’s quarterly revenue was up 1.8% on a year-over-year basis. Equities research analysts expect that Acuity Brands will post 15.51 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Acuity Brands from $266.00 to $303.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. StockNews.com cut shares of Acuity Brands from a “strong-buy” rating to a “buy” rating in a report on Friday. Oppenheimer lifted their price objective on shares of Acuity Brands from $370.00 to $380.00 and gave the company an “outperform” rating in a report on Thursday. Morgan Stanley initiated coverage on shares of Acuity Brands in a research note on Monday. They issued an “equal weight” rating and a $304.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Acuity Brands from $320.00 to $336.00 and gave the company an “equal weight” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $328.20.

Insider Buying and Selling

In related news, SVP Barry R. Goldman sold 5,120 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $305.00, for a total transaction of $1,561,600.00. Following the transaction, the senior vice president now directly owns 8,438 shares of the company’s stock, valued at $2,573,590. This represents a 37.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.80% of the stock is currently owned by company insiders.

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.