Acuity Brands Inc. [NYSE:AYI] will report earnings after markets close on Thursday, January 7th.
AYI Earnings Forecast For The Current Quarter
Acuity Brands Inc. [AYI] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $788.07M and an earnings per share of $1.84 for Nov 2020. Looking further ahead, the company is expected to report revenue of $765.47M at an EPS of $1.66 for Feb 2021. The estimates represent 3.70% and 10.46% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
AYI Earnings Estimates For The Current Year
For the financial year, Acuity Brands Inc. [NYSE:AYI] is expected to bring in revenue of $3.29B. The returns are nearly $-40.0 million lower than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 7.97, lower than that of FY20 by -$0.3. Estimates put this year’s earnings growth at -3.60%, 10.90% for the next, and at an annual 8.62% over the next 5-year period. As for sales, forecasts are for a decrease of -1.10% in the current fiscal year and a further 3.70% over the following year.
AYI Price Performance
On Wall Street, Acuity Brands Inc. [NYSE:AYI] finished Tuesday’s session up 0.68% at $121.04. The stock went up to $124.43 at the same session while its lowest single day price was $120.12. In the last five days, it saw a rise of about 1.09%, Acuity Brands Inc. shares dropped by almost -0.04% since the beginning of the year. However, the share price has dropped to as low as -15.68% below its one year high. On 01/05/21, the company shares recorded $124.43, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $119.34. The company’s shares have declined by -13.04% in the past year. The 50-day SMA achieved is $110.14 while the 200-day SMA is $98.99. Volume gained to 0.52 million from 0.23 million in the previous session.
Acuity Brands Inc. [AYI] Valuation Measures
Notably, Acuity Brands Inc. [AYI] stock can be classified as a good candidate in the listing of underestimated low-priced Electrical Equipment & Parts companies to purchase soonest possible with the prevailing 12-month PE ratio of 19.31. The measure means the stock is exchanging at a discount as compared to the 25.78x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.33 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 1.34 which means AYI serve an attractive investment opportunity compared to its competitors.
AYI Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 119.30 level, and in case of violation of this particular level, it will cause more drop to 117.55 level. On the upper level, 126.17 is still the key resistance. The stock may increase to the subsequent resistance at 123.61. The Relative Strength Index (RSI) pinned on the 14-day chart is 60.70, implying a neutral technical stance while the MACD stands at 3.02, meaning price will increase in the next trading period. Percent R indicator moved to 27.49%, implying bullish price movement. Stochastic %K at 78.31% suggest holding the stock.
Is Acuity Brands Inc. [NYSE:AYI] a Good Buy Right Now?
It should be noted that AYI technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 88% Buy in the past month. Data from Acuity Brands Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 0.5 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.5 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.52 million shares.
What is the short interest in Acuity Brands Inc.?
Short interest in the Acuity Brands Inc. stock has plunged, decreasing by 30000.0 shares to total 3.54 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 3.51 million, data from Yahoo Finance shows. The increase of 0.85% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 12.62% of the overall float for the stock.
Acuity Brands Inc.’s Biggest Shareholders: Who Owns Acuity Brands Inc. [AYI]?
Filings by Generation Investment Management showed that the firm now holds a total of 3,571,459 shares or roughly 9.70% of the outstanding AYI shares. This means their shares have increased by 902,189 from the 3,571,459 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $414,039,918. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -5.21% stake valued at $351,942,472 while Fidelity Management & Research Co added theirs at $316,801,946. During the last quarter, BlackRock Fund Advisors liquidated -162,985 of its shares in Acuity Brands Inc. while Fidelity Management & Research Co bought 551,077 shares. The Atlanta Capital Management Co. LL’s holdings currently number 1,693,623 shares at $204996127.92. According to the firm’s last 13F report, JPMorgan Investment Management, I shares in the company at filing stood at 1,488,855 shares, roughly $176,756,866.
What are analyst thoughts on Acuity Brands Inc.?
Looking forward to the Acuity Brands Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Acuity Brands Inc. stock at $118.00 within the next 12 months, which represents almost -2.58 per cent growth from its previous closing price of $121.04. The highest analysts’ target for Acuity Brands Inc. stock projections is $140.00 and the lowest one is $50.00. Still, 10 analysts sharing their consensus rating for AYI stock in 2021 agree that it is a Hold.