Acuity Brands (AYI) to Release Quarterly Earnings on Tuesday

Acuity Brands (NYSE:AYI) is scheduled to be announcing its earnings results before the market opens on Tuesday, January 9th. Analysts expect the company to announce earnings of $2.11 per share for the quarter.

Acuity Brands (NYSE:AYI) last posted its quarterly earnings data on Wednesday, October 4th. The electronics maker reported $2.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.25. The firm had revenue of $957.60 million during the quarter, compared to analyst estimates of $975.05 million. Acuity Brands had a net margin of 9.18% and a return on equity of 20.47%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $2.21 EPS. On average, analysts expect Acuity Brands to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of Acuity Brands (AYI) opened at $176.00 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.07 and a quick ratio of 1.53. The company has a market cap of $7,418.91, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.86 and a beta of 1.44. Acuity Brands has a one year low of $153.28 and a one year high of $241.60.

In other news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total transaction of $1,200,382.12. Following the completion of the sale, the executive vice president now owns 30,649 shares in the company, valued at approximately $4,944,296.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Several equities research analysts have commented on AYI shares. Seaport Global Securities reiterated a “buy” rating and issued a $200.00 price objective (down previously from $225.00) on shares of Acuity Brands in a research note on Friday, October 6th. Oppenheimer reiterated a “buy” rating and issued a $200.00 price objective (down previously from $230.00) on shares of Acuity Brands in a research note on Tuesday, October 10th. Roth Capital set a $130.00 price objective on shares of Acuity Brands and gave the company a “sell” rating in a research note on Thursday, October 5th. Wolfe Research lowered shares of Acuity Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. Finally, Robert W. Baird lowered shares of Acuity Brands from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $212.00 to $178.00 in a research note on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $197.17.

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About Acuity Brands

Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

Earnings History for Acuity Brands (NYSE:AYI)

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