Acuity Brands (NYSE:AYI) Announces Quarterly Earnings Results

Acuity Brands (NYSE:AYI) announced its quarterly earnings results on Wednesday. The electronics maker reported $3.97 EPS for the quarter, beating the consensus estimate of $3.87 by $0.10, RTT News reports. Acuity Brands had a net margin of 11.00% and a return on equity of 20.49%. The company had revenue of $951.60 million for the quarter, compared to analyst estimates of $955.60 million. During the same quarter last year, the business earned $3.72 earnings per share. Acuity Brands’s revenue was up 1.8% compared to the same quarter last year.

Acuity Brands Price Performance

NYSE AYI opened at $312.99 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.16 and a debt-to-equity ratio of 0.21. Acuity Brands has a 1 year low of $214.32 and a 1 year high of $337.99. The company has a market cap of $9.66 billion, a PE ratio of 23.29, a PEG ratio of 2.09 and a beta of 1.40. The stock’s 50-day moving average price is $315.26 and its two-hundred day moving average price is $280.14.

Insider Activity

In related news, SVP Barry R. Goldman sold 5,120 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $305.00, for a total value of $1,561,600.00. Following the completion of the sale, the senior vice president now directly owns 8,438 shares of the company’s stock, valued at approximately $2,573,590. This represents a 37.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AYI has been the subject of a number of analyst reports. William Blair upgraded Acuity Brands from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group raised their target price on shares of Acuity Brands from $266.00 to $303.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Oppenheimer increased their price objective on shares of Acuity Brands from $370.00 to $380.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com cut Acuity Brands from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price target on Acuity Brands from $320.00 to $336.00 and gave the company an “equal weight” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $328.20.

Acuity Brands Company Profile

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.