Acuity Brands (NYSE:AYI) announced its quarterly earnings results on Wednesday. The electronics maker reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.35, MarketWatch Earnings reports. The company had revenue of $792.00 million for the quarter, compared to analyst estimates of $790.31 million. Acuity Brands had a net margin of 7.46% and a return on equity of 14.43%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 EPS.
Shares of Acuity Brands stock traded down $5.27 during trading on Friday, reaching $115.99. 772,146 shares of the company traded hands, compared to its average volume of 756,406. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.33 and a quick ratio of 1.81. Acuity Brands has a 1-year low of $67.46 and a 1-year high of $132.00. The company has a 50 day moving average price of $118.03 and a 200-day moving average price of $104.60. The firm has a market capitalization of $4.27 billion, a PE ratio of 18.80, a P/E/G ratio of 1.68 and a beta of 1.52.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Wednesday, January 20th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, January 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.45%. Acuity Brands’s payout ratio is presently 6.92%.
Acuity Brands Company Profile
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 control products and solutions, including recessed, surface, and suspended lighting; down, decorative, emergency and exit, track, day, special-use, street and roadway, parking garage, tunnel, underwater, area pedestrian, flood, decorative site, and landscape lighting; occupancy sensors; photo controls; relay panels; architectural dimming panels; and integrated lighting controls systems.
Further Reading: Limitations of analyzing profit margin
Receive News & Ratings for Acuity Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acuity Brands and related companies with MarketBeat.com's FREE daily email newsletter.