Acuity Brands Reports Fiscal 2017 Second Quarter Results
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Acuity Brands (AYI) PT Lowered to $200 at Baird Following 2Q
April 5, 2017 8:43 AM EDTBaird lowered its price target on Acuity Brands (NYSE: AYI) to $200.00 (from $242.00) while maintaining a Outperform rating following the company's 2Q earnings... More
Acuity Brands (AYI) PT Lowered to $209 at Canaccord Genuity Following 2Q
April 5, 2017 8:23 AM EDTCanaccord Genuity lowered its price target on Acuity Brands (NYSE: AYI) to $209.00 (from $240.00) while maintaining a Buy rating following the company's 2Q earnings report. Acuity reported revenue and EPS of $804.7M and $1.77 compared to consensus of $827.3M and $1.85.
Management expects the softness to be... More
Acuity Brands (AYI) PT Lowered to $245 at Deutsche Bank; Reiterates Buy
April 5, 2017 7:15 AM EDTDeutsche Bank lowered its price target on Acuity Brands (NYSE: AYI) to $245.00 (from $275.00) while maintaining a Buy rating.
Lighting growth rates in the first half of 2017 were lower than anticipated and third-party forecasts are implying a prolonged slowdown, suggesting end-market 2H17 growth of flat to low single digits.
... MoreAcuity Brands (AYI) PT Lowered to $215 at Oppenheimer Following 2Q
April 4, 2017 4:21 PM EDTOppenheimer lowered its price target on Acuity Brands (NYSE: AYI) to $215.00 (from $265.00) while maintaining a Outperform rating following the company's 2Q earnings report. AYI reported adjusted EPS of $1.77 missed the consensus estimate of $1.84 consensus, on revenue of $805M.
AYI also announced a new... More
Acuity Brands (AYI) Reports Q2 EPS of $1.77
April 4, 2017 8:41 AM EDTAcuity Brands (NYSE: AYI) reported Q2 EPS of $1.77, versus $1.80 reported last year. Revenue for the quarter came in at $804.7 million, versus $777.8 million reported last year.
Vernon J. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands, commented, Acuity Brands continued to deliver sales growth while initial industry data suggests that the North American lighting market declined modestly during our fiscal second quarter, reflecting continued weakness in smaller, short-cycle projects. Additionally, sales in certain international markets, including... More
