Acuity Brands Reports Fiscal 2021 Third-Quarter Results

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Acuity Brands (AYI) PT Raised to $184 at Cowen

July 2, 2021 8:29 AM EDT

Cowen analyst Jeffrey Osborne raised the price target on Acuity Brands (NYSE: AYI) to $184.00 (from $181.00) while maintaining an Outperform rating.

The analyst commented, "Acuity reported solid 3Q21 results, due to a pickup in volumes coupled with product and productivity improvements. Management provided insight... More

Acuity Brands (AYI) PT Raised to $211 at Credit Suisse

July 2, 2021 7:13 AM EDT

Credit Suisse analyst John Walsh raised the price target on Acuity Brands (NYSE: AYI) to $211.00 (from $206.00) while maintaining an Outperform rating following results.

The analyst commented, "We think AYIs underperformance, relative to the market (AYI down 5.8% and SP50 up 52bps), can be... More

Acuity Brands (AYI) Tops Q3 EPS by 50c

July 1, 2021 7:05 AM EDT

Acuity Brands (NYSE: AYI) reported Q3 EPS of $2.77, $0.50 better than the analyst estimate of $2.27. Revenue for the quarter came in at $899.7 million versus the consensus estimate of $839.75 million.

Outlook

Further discussion relating to the economic recovery and long-term financial framework will take... More