Acuity Brands (AYI) Receives Daily Media Impact Score of 0.37

News articles about Acuity Brands (NYSE:AYI) have been trending positive this week, according to Alpha One Sentiment Analysis. Alpha One, a service of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Acuity Brands earned a news sentiment score of 0.37 on Alpha One’s scale. Alpha One also assigned media coverage about the electronics maker an impact score of 24 out of 100, indicating that recent media coverage is very unlikely to have an impact on the company’s share price in the near term.

These are some of the headlines that may have impacted AlphaOne’s scoring:

Insider Buying and Selling by Quarter for Acuity Brands (NYSE:AYI)

Shares of Acuity Brands (NYSE AYI) traded down 1.27% during mid-day trading on Friday, reaching $176.49. 692,583 shares of the company traded hands. Acuity Brands has a 52-week low of $157.33 and a 52-week high of $280.89. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 25.36 and a beta of 1.37. The company’s 50 day moving average is $174.96 and its 200 day moving average is $202.90.

Acuity Brands (NYSE:AYI) last released its earnings results on Tuesday, April 4th. The electronics maker reported $1.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.83 by $0.06. Acuity Brands had a return on equity of 19.62% and a net margin of 8.91%. The business had revenue of $804.70 million for the quarter, compared to analysts’ expectations of $827.22 million. During the same quarter last year, the company posted $1.80 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Acuity Brands will post $8.03 earnings per share for the current year.

Several research analysts have issued reports on the stock. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $215.00 target price (down from $265.00) on shares of Acuity Brands in a report on Thursday, April 6th. Goldman Sachs Group, Inc. (The) cut shares of Acuity Brands from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $256.00 to $186.00 in a report on Wednesday, April 5th. Guggenheim assumed coverage on shares of Acuity Brands in a report on Tuesday, April 11th. They set a “neutral” rating and a $181.00 target price on the stock. Wells Fargo & Company reiterated an “outperform” rating and set a $200.00 target price (up from $196.00) on shares of Acuity Brands in a report on Tuesday, June 6th. Finally, Zacks Investment Research cut shares of Acuity Brands from a “buy” rating to a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $221.20.

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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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