Acuity Brands, Inc (NYSE:AYI) reported on Monday that its earnings in the fiscal third-quarter moved up 24% as the lighting corporation observed higher revenue and benefits from superior sales volumes and price boosts.
Acuity announced a profit of $33.6 million or 79 cents per share in the three months period finished May 31, high from $27.1 million or 62 cents per share in previous year. The company reported that per-share earnings were 82 cents without special charges related to streamlining actions.
The company announced that revenue moved up 6.4% to $487.5 million on product prices and a better product mix. Thomson Reuters analysts survey forecasted earnings of 78 cents on $492 million of revenue.
Acuity Brands, Inc. (NYSE:AYI) on July 02, 2012 increased +15.83% to the closing price of $58.97. The overall volume in the last trading session was 1.80 million shares. Its fifty two week range was $33.13-$64.82. The total market capitalization remained $2.50 billion.
AYI is ahead its 52 week low with +79.33% and going forward from its 52 week high price with -8.81%. AYI last month stock price volatility remained 4.00%. In its share capital AYI has 42.34 million outstanding shares among them 42.09 million shares have been floated in market exchange. AYI stock institutional ownership remained 95.28% while insider ownership included 1.03%.
The stock price of AYI is moving forward from its 20 days moving average with +11.90% and remote positively from 50 days moving average with +10.09%. AYI current year earnings per share experienced an addition with +35.06% while its current quarter performance remained -7.13%. Company’s beta coefficient included 1.38. Beta factors measures the amount of market risk associated with market trade.
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