Acuity Brands (AYI) to Release Quarterly Earnings on Tuesday

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

Shares of Acuity Brands (AYI) opened at $185.36 on Friday. The stock has a market cap of $7,810.00, a price-to-earnings ratio of 24.95, a PEG ratio of 1.91 and a beta of 1.43. Acuity Brands has a one year low of $153.28 and a one year high of $241.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.53 and a current ratio of 2.07.

AYI has been the subject of a number of recent analyst reports. Seaport Global Securities reissued a “buy” rating and set a $200.00 target price (down from $225.00) on shares of Acuity Brands in a research note on Friday, October 6th. Oppenheimer reaffirmed a “buy” rating and issued a $200.00 price objective (down 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 stock 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 lowered their price objective for the stock from $212.00 to $178.00 in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Acuity Brands has an average rating of “Hold” and an average price target of $197.17.

In related news, EVP Mark A. Black sold 7,441 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $161.32, for a total value 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 $4,944,296.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.

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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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