Headlines about Acuity Brands (NYSE:AYI) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Acuity Brands earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the electronics maker an impact score of 46.121448093428 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- Head to Head Comparison: AZZ (AZZ) vs. Acuity Brands (AYI) (americanbankingnews.com)
- Acuity Brands (AYI) Cut to “Hold” at Vertical Research (americanbankingnews.com)
- Global Smart Home Market – Samsung Electronics Co., Nest Labs, ABB Ltd., Acuity Brands, United Technologies … (opinioninvestor.com)
- BidaskClub Lowers Acuity Brands (AYI) to Hold (americanbankingnews.com)
- Acuity Brands goes ex-dividend on Monday (seekingalpha.com)
AYI has been the subject of several research reports. Robert W. Baird reiterated a “hold” rating and issued a $198.00 target price on shares of Acuity Brands in a research report on Tuesday, January 9th. Wells Fargo reiterated a “market perform” rating and issued a $175.00 target price (down previously from $185.00) on shares of Acuity Brands in a research report on Wednesday, January 10th. Williams Capital lowered Acuity Brands from a “buy” rating to a “hold” rating and decreased their target price for the stock from $204.00 to $175.00 in a research report on Wednesday, January 10th. Seaport Global Securities reiterated a “neutral” rating on shares of Acuity Brands in a research report on Thursday, January 11th. Finally, Zacks Investment Research upgraded Acuity Brands from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Acuity Brands currently has an average rating of “Hold” and a consensus target price of $177.82.
Acuity Brands (NYSE:AYI) last released its quarterly earnings data on Wednesday, April 4th. The electronics maker reported $1.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.06). Acuity Brands had a net margin of 9.68% and a return on equity of 20.56%. The company had revenue of $832.10 million for the quarter, compared to analyst estimates of $799.33 million. During the same quarter in the prior year, the firm earned $1.77 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities analysts expect that Acuity Brands will post 7.99 EPS for the current fiscal year.
Acuity Brands declared that its board has initiated a share buyback plan on Wednesday, April 4th that authorizes the company to buyback 6,000,000 shares. This buyback authorization authorizes the electronics maker to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, April 16th. This represents a $0.52 dividend on an annualized basis and a yield of 0.40%. Acuity Brands’s dividend payout ratio is currently 6.53%.
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 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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