Acuity Brands, Inc. (AYI) to Post Q2 2018 Earnings of $1.75 Per Share, William Blair Forecasts

Acuity Brands, Inc. (NYSE:AYI) – Research analysts at William Blair upped their Q2 2018 earnings per share estimates for Acuity Brands in a research note issued on Wednesday. William Blair analyst R. Merkel now anticipates that the electronics maker will earn $1.75 per share for the quarter, up from their prior estimate of $1.74.

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

Acuity Brands (NYSE AYI) opened at $185.36 on Friday. The company has a market capitalization of $7,612.82, a P/E ratio of 22.63, a PEG ratio of 1.91 and a beta of 1.44. The company has a quick ratio of 1.53, a current ratio of 2.07 and a debt-to-equity ratio of 0.21. Acuity Brands has a 1-year low of $153.28 and a 1-year high of $241.60.

Acuity Brands (NYSE:AYI) last announced its earnings results on Wednesday, October 4th. The electronics maker reported $2.55 EPS for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.25. The firm had revenue of $957.60 million during the quarter, compared to analysts’ expectations of $975.05 million. Acuity Brands had a return on equity of 20.47% and a net margin of 9.18%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.21 EPS.

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in shares of Acuity Brands by 661.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 548 shares of the electronics maker’s stock worth $111,000 after acquiring an additional 476 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Acuity Brands by 11.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 586 shares of the electronics maker’s stock worth $119,000 after acquiring an additional 58 shares during the last quarter. QS Investors LLC lifted its stake in shares of Acuity Brands by 1.2% during the 2nd quarter. QS Investors LLC now owns 588 shares of the electronics maker’s stock worth $120,000 after acquiring an additional 7 shares during the last quarter. Israel Discount Bank of New York lifted its stake in shares of Acuity Brands by 32.3% during the 2nd quarter. Israel Discount Bank of New York now owns 615 shares of the electronics maker’s stock worth $125,000 after acquiring an additional 150 shares during the last quarter. Finally, First Bank & Trust lifted its stake in shares of Acuity Brands by 183.7% during the 3rd quarter. First Bank & Trust now owns 746 shares of the electronics maker’s stock worth $128,000 after acquiring an additional 483 shares during the last quarter.

In related news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was 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 directly owns 30,649 shares of the company’s stock, valued at approximately $4,944,296.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.com-unik.info/2018/01/06/acuity-brands-inc-ayi-to-post-q2-2018-earnings-of-1-75-per-share-william-blair-forecasts.html.

Acuity Brands Company Profile

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.

What are top analysts saying about Acuity Brands? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Acuity Brands and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit