A Director at Acuity Brands (NYSE: AYI) is Selling Shares

Today, a Director at Acuity Brands (AYIResearch Report), Ray Robinson, sold shares of AYI for $307.5K.

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Based on Acuity Brands’ latest earnings report for the quarter ending May 31, the company posted quarterly revenue of $948 million and quarterly net profit of $88.4 million. In comparison, last year the company earned revenue of $944 million and had a net profit of $73 million. AYI’s market cap is $5.16B and the company has a P/E ratio of 15.15. Currently, Acuity Brands has an average volume of 523.8K.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $137.00, reflecting a 7.1% upside.

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Acuity Brands, Inc. engages in the provision of lighting and building management solutions and services. It caters commercial, institutional, industrial, infrastructure, and residential applications for various markets.