Acuity (NYSE:AYI) Announces Quarterly Earnings Results

Acuity (NYSE:AYI) released its quarterly earnings data on Thursday. The electronics maker reported $4.69 earnings per share for the quarter, beating analysts’ consensus estimates of $4.45 by $0.24, FiscalAI reports. Acuity had a return on equity of 20.81% and a net margin of 9.13%.The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm posted $3.97 earnings per share.

Acuity Trading Down 1.5%

AYI opened at $369.74 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. Acuity has a 52 week low of $216.81 and a 52 week high of $380.17. The stock has a market cap of $11.35 billion, a PE ratio of 29.51, a PEG ratio of 2.02 and a beta of 1.50. The business has a 50 day moving average of $363.24 and a 200-day moving average of $339.35.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AYI. Wall Street Zen raised shares of Acuity from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Robert W. Baird boosted their price target on Acuity from $335.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Oppenheimer upped their price target on Acuity from $380.00 to $435.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Acuity in a research report on Monday, December 29th. Finally, TD Cowen upped their target price on Acuity from $330.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $395.17.

Insiders Place Their Bets

In related news, SVP Barry R. Goldman sold 4,489 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $365.11, for a total value of $1,638,978.79. Following the sale, the senior vice president directly owned 6,056 shares of the company’s stock, valued at $2,211,106.16. This represents a 42.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is currently owned by insiders.

Institutional Trading of Acuity

Hedge funds have recently modified their holdings of the business. Brown Advisory Inc. increased its stake in shares of Acuity by 1.8% during the second quarter. Brown Advisory Inc. now owns 2,134 shares of the electronics maker’s stock valued at $637,000 after purchasing an additional 37 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Acuity by 1.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,488 shares of the electronics maker’s stock worth $857,000 after buying an additional 38 shares during the last quarter. Quarry LP increased its position in Acuity by 59.2% during the 3rd quarter. Quarry LP now owns 113 shares of the electronics maker’s stock valued at $39,000 after buying an additional 42 shares in the last quarter. GeoWealth Management LLC raised its stake in Acuity by 6.9% during the third quarter. GeoWealth Management LLC now owns 789 shares of the electronics maker’s stock valued at $272,000 after buying an additional 51 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Acuity by 7.1% during the second quarter. Tower Research Capital LLC TRC now owns 967 shares of the electronics maker’s stock valued at $288,000 after buying an additional 64 shares during the last quarter. Institutional investors own 98.21% of the company’s stock.

Acuity Company Profile

Acuity Brands, Inc (NYSE: AYI) is a leading provider of lighting fixtures, controls and building management solutions designed for commercial, institutional, industrial and residential markets. The company’s core offerings include a broad range of LED luminaires, lighting controls, sensors and networked building systems that enhance energy efficiency, occupant comfort and operational productivity. Acuity Brands’ portfolio spans indoor and outdoor lighting fixtures, emergency lighting, task lighting and architectural products, as well as advanced controls such as daylight harvesting, occupancy sensing and wireless sensor networks.

Beyond traditional lighting, Acuity Brands delivers integrated digital solutions through its Connected Building platform, which combines smart sensors, cloud-based analytics and mobile applications to enable real-time monitoring and remote management of lighting and environmental systems.