Acuity Brands (AYI) reported quarterly earnings results on Wednesday, Jun-29-2016. The company said it had a profit of $2.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $2.03. The company posted revenue of $851.50 million in the period, compared to analysts expectations of $847.59 million. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS.
Many Wall Street Analysts have commented on Acuity Brands. Acuity Brands was Downgraded by Credit Agricole to ” Outperform” on Apr 7, 2016. Company shares were Reiterated by Canaccord Genuity on Apr 7, 2016 to “Buy”, Firm has raised the Price Target to $ 269 from a previous price target of $247 .Shares were Reiterated by Canaccord Genuity on Apr 4, 2016 to “Buy” and Lowered the Price Target to $ 247 from a previous price target of $265 .
Acuity Brands closed down -13.75 points or -5.57% at $232.92 with 5,31,652 shares getting traded on Monday. Post opening the session at $244.34, the shares hit an intraday low of $231.89 and an intraday high of $245.18 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Apr 25, 2016, Vernon J Nagel (Chairman, President, and CEO) sold 47,995 shares at $256.18 per share price. According to the SEC, on Apr 14, 2016, Peter C Browning (director) sold 629 shares at $256.05 per share price. On Apr 12, 2016, Mark A Black (EVP) sold 2,678 shares at $248.16 per share price, according to the Form-4 filing with the securities and exchange commission.
Acuity Brands Inc. (Acuity Brands) is the parent company of Acuity Brands Lighting Inc. (ABL) and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial institutional industrial infrastructure and residential applications throughout North America and select international markets. The Company’s lighting solutions include devices such as luminaires lighting controls power supplies prismatic skylights light-emitting diode (LED) lamps and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources including daylight and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions). On March 13 2013 the Company acquired eldoLED Europe BV.