Acuity Brands, Inc. (NYSE:AYI) – Equities research analysts at William Blair cut their Q3 2018 EPS estimates for shares of Acuity Brands in a research report issued to clients and investors on Thursday. William Blair analyst R. Merkel now expects that the electronics maker will post earnings of $2.33 per share for the quarter, down from their previous estimate of $2.37. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Acuity Brands’ Q4 2018 earnings at $2.77 EPS and FY2018 earnings at $8.84 EPS.

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Acuity Brands (NYSE:AYI) last released its quarterly earnings data on Tuesday, January 9th. The electronics maker reported $1.81 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.16). Acuity Brands had a return on equity of 20.08% and a net margin of 8.91%. The business had revenue of $842.80 million during the quarter, compared to analysts’ expectations of $883.97 million.

Several other brokerages also recently weighed in on AYI. Zacks Investment Research raised shares of Acuity Brands from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Williams Capital downgraded shares of Acuity Brands from a “buy” rating to a “hold” rating and cut their target price for the company from $204.00 to $175.00 in a research note on Wednesday, January 10th. Robert W. Baird reissued a “hold” rating and issued a $198.00 target price on shares of Acuity Brands in a research note on Tuesday, January 9th. Seaport Global Securities reissued a “neutral” rating on shares of Acuity Brands in a research note on Thursday, January 11th. Finally, Wells Fargo reissued a “market perform” rating and issued a $175.00 target price (down previously from $185.00) on shares of Acuity Brands in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Acuity Brands has a consensus rating of “Hold” and an average price target of $193.92.

Shares of Acuity Brands (NYSE:AYI) opened at $134.66 on Friday. Acuity Brands has a 1 year low of $133.09 and a 1 year high of $209.18. The company has a market cap of $6,198.95, a PE ratio of 18.59, a P/E/G ratio of 1.51 and a beta of 1.32. The company has a quick ratio of 1.65, a current ratio of 2.23 and a debt-to-equity ratio of 0.21.

Hedge funds and other institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its stake in shares of Acuity Brands by 14.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,686 shares of the electronics maker’s stock valued at $1,091,000 after acquiring an additional 728 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Acuity Brands by 22.3% during the 3rd quarter. Advisor Group Inc. now owns 2,475 shares of the electronics maker’s stock valued at $424,000 after acquiring an additional 452 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of Acuity Brands by 42.0% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 76,578 shares of the electronics maker’s stock valued at $13,116,000 after acquiring an additional 22,647 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Acuity Brands by 13.1% during the 4th quarter. Toronto Dominion Bank now owns 18,156 shares of the electronics maker’s stock valued at $3,194,000 after acquiring an additional 2,105 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Acuity Brands by 3.0% during the 3rd quarter. Sei Investments Co. now owns 29,475 shares of the electronics maker’s stock valued at $5,049,000 after acquiring an additional 855 shares during the last quarter.

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About Acuity Brands

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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