Acuity slips after Q4 results
AYI•Acuity reported fourth-quarter adjusted EPS of $5.77, above analysts’ $5.56 estimate, while net sales of $1.24 billion matched estimates; shares fell 1.7% in premarket trading.
1. Quarterly results
Acuity’s Lighting segment reported a 0.4% decline in fourth-quarter net sales and a 7.1% drop in adjusted operating profit from a year earlier. Four of eight brokerages rated the stock buy or higher, and four rated it hold; their median price target was $383.44.
