Last Updated: 19 Sep 2024
Executive Summary
Acuity Brands Inc. (AYI) is a leading provider of lighting and building management solutions. The company has a strong financial position with a market capitalization of $8.24 billion and an EBITDA of $612.9 million. Acuity Brands has a trailing P/E ratio of 21.8 and a forward P/E ratio of 16.1. The company's latest stock price is $267.91.
Company Overview
Acuity Brands is headquartered in Atlanta, Georgia and has over 13,000 employees worldwide. The company's products and services are used in a variety of commercial, institutional, industrial, infrastructure, and residential applications. Acuity Brands has a strong track record of innovation and has been recognized as one of the most sustainable companies in the world.
Fundamental Analysis
Acuity Brands has a strong financial position with a debt-to-equity ratio of 0.43 and a current ratio of 1.48. The company's gross profit margin is 44.9% and its operating margin is 14.9%. Acuity Brands has a return on assets of 9.14% and a return on equity of 18.3%. The company's earnings per share have grown at an average rate of 10.4% over the past five years.
Technical Analysis
Acuity Brands' stock price has been trading in a range between $240 and $270 for the past several months. The stock is currently trading above its 50-day moving average of $245.8 and its 200-day moving average of $242.69. The relative strength index (RSI) is 57.3, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
Acuity Brands is expected to report its fiscal 2024 fourth-quarter results in August. The company is expected to report earnings per share of $1.29 on revenue of $950 million. Analysts are expecting Acuity Brands to continue to benefit from strong demand for its products and services. The company's stock price is expected to trade in a range between $260 and $280 in the short term.
Long Term Outlook
Acuity Brands is well-positioned for long-term growth. The company has a strong market share in a growing industry. Acuity Brands is also committed to innovation and sustainability. The company's stock price is expected to appreciate in the long term.
Analyst Recommendations
Analysts are generally positive on Acuity Brands. The consensus recommendation is a "Buy" with a target price of $283.54.
