Acuity Brands Inc (NYSE:AYI) Updates On Dividend Release Date


On 2016-06-27, Acuity Brands Inc (NYSE:AYI) confirmed the dividend disbursement of $0.13 a share to shareholders as on record 2016-07-18. The firm will release dividend on 2016-08-01 while ex-dividend date is reported to be 2016-07-14.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Acuity Brands Inc (NYSE:AYI) paid a total of $0.13 per share in dividends. This figure stood at $0.13 a share in the same period a year ago indicating a deviation of 0%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $274.333 on the stock. This figure is the average of recommendations offered by 6 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $295 and $255, respectively.

Taking the mathematical rating formula, the price for Acuity Brands Inc (NYSE:AYI) stands at 1.63. Earnings Review Acuity Brands Inc (NYSE:AYI) will report its quarterly earnings for the period ending on 2016-08-31 by 2016-10-05. For the period ending on 2016-08-31, experts are expecting EPS of $2.26.

Coming to the quarter ending on 2015-08-31, Acuity Brands Inc (NYSE:AYI) recorded EPS of $1.96. The reported numbers came lower than the analysts’ estimates of $1.97, demonstrating a miss of $-0.01 as against reported figures.

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