Acuity Brands (AYI) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Media headlines about Acuity Brands (NYSE:AYI) have trended somewhat positive on Sunday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Acuity Brands earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the electronics maker an impact score of 46.8228016677779 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Are Analysts Buzzing Over Acuity Brands Inc (NYSE:AYI) Shares? – Evergreen Caller (evergreencaller.com)
- Knuckling Down on Shares of Acuity Brands, Inc. (NYSE:AYI) and Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) – FLBC News (flbcnews.com)
- Acuity Brands Inc (AYI) Downgraded by BidaskClub to “Strong Sell” (americanbankingnews.com)
- Acuity Brands Inc (Holding Comp (NYSE:AYI) Closed Much Lower Than Its 50 Day Moving Average – Highlight Press (highlightpress.com)
- Chartists Placing Acuity Brands Inc (AYI) on Their Radar – Sparta Review (spartareview.com)
Shares of Acuity Brands (NYSE AYI) traded up 0.72% during midday trading on Friday, reaching $176.75. 278,036 shares of the company traded hands. The firm has a market capitalization of $7.62 billion, a PE ratio of 24.65 and a beta of 1.41. Acuity Brands has a 12-month low of $157.33 and a 12-month high of $278.21. The company has a 50-day moving average of $194.54 and a 200 day moving average of $190.79.
Acuity Brands (NYSE:AYI) last released its quarterly earnings data on Thursday, June 29th. The electronics maker reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.12. The business had revenue of $891.60 million during the quarter, compared to analyst estimates of $878.66 million. Acuity Brands had a net margin of 9.04% and a return on equity of 19.89%. Acuity Brands’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $2.06 EPS. On average, equities analysts forecast that Acuity Brands will post $8.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, July 14th. This represents a $0.52 dividend on an annualized basis and a yield of 0.29%. Acuity Brands’s dividend payout ratio is currently 7.24%.
Acuity Brands announced that its Board of Directors has initiated a share repurchase plan on Thursday, June 29th that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the electronics maker to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
A number of equities analysts have recently commented on the stock. JMP Securities restated an “underperform” rating and set a $183.00 price objective (up from $170.00) on shares of Acuity Brands in a research note on Friday, June 30th. Deutsche Bank AG increased their price objective on shares of Acuity Brands from $215.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Canaccord Genuity restated a “buy” rating and set a $215.00 price objective on shares of Acuity Brands in a research note on Friday, June 30th. BidaskClub upgraded shares of Acuity Brands from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Oppenheimer Holdings, Inc. reduced their price objective on shares of Acuity Brands from $265.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $219.00.
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In other news, Director Peter C. Browning sold 970 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $200.05, for a total transaction of $194,048.50. Following the sale, the director now owns 1,000 shares of the company’s stock, valued at approximately $200,050. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark A. Black sold 5,427 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $205.29, for a total transaction of $1,114,108.83. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
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.
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