Acuity Brands Reports Record Quarterly and Full-Year Results
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October 5, 2017 8:27 AM EDT
Roth Capital lowered its price target on Acuity Brands (NYSE: AYI) to $130.00 (from $150.00) while maintaining a Sell rating following the company's 4Q. The company reported revenues and adjusted EPS and adjusted EBITDA of $957.6m/$2.55/$194.4m vs. consensus at $974.9m/$2.43/$173.6m.
The company's... More
October 4, 2017 4:47 PM EDT
(Updated - October 4, 2017 4:52 PM EDT)
Update: Price Target
Cowen lowered its price target on Acuity Brands (NYSE: AYI) to $219.00 (from $222.00) while maintaining a Outperform rating following the company's 4Q earnings report. Revenue of $957.6mn was below the consensus forecast of $974.1mn.... More
October 4, 2017 8:26 AM EDT
Acuity Brands (NYSE: AYI) reported Q4 EPS of $2.55, $0.12 better than the analyst estimate of $2.43. Revenue for the quarter came in at $957.6 million versus the consensus estimate of $974.81 million.
Outlook
Mr. Nagel commented, We remain bullish regarding the Companys prospects for continued future profitable growth. While various leading indicators continue to generally reflect favorable conditions for our end markets, we are cautious regarding a meaningful rebound in our end-markets over the next few quarters as a result of various factors, including labor shortages in... More
