US Equity Market Update for October 7, 2015
Acuity Brands’ price movement
Acuity Brands (AYI) has a market cap of $7.8 billion. Acuity’s YTD (year-to-date) price movement was going up until August 2015, but since then, has been falling. After the 4Q15 earnings report, AYI rose by 3.7% to close at $182.88 per share as of October 7, 2015, with an increase in revenue of 11.1%. Price movement on weekly, monthly and YTD bases is 4.2%, -9.4%, and 30.9%, respectively. It’s trading at 4.3% on a trailing-five-day basis.
Technically, in 2015, it broke support of 20-day, 50-day, and 200-day moving averages. Currently, it’s trading at -0.7% below the 20-day moving average, -5.8% below the 50-day moving average, and 4.9% above the 200-day moving average.
The First Trust RBA American Industrial Renaissance ETF (AIRR) invests 3.3% of its holdings in Acuity. The ETF tracks a multifactor-selected and proprietary-weighted index of industrial service and support firms and community banks that could benefit from a potential industrial revival in the United States. The YTD price movement of AIRR is -12.3% as of October 6, 2015. The First Trust Materials AlphaDEX ETF (FXZ) invests 2.9% of its holdings in Acuity.
Acuity Brands’ competitors (AYI) and their market caps:
- Philips (PHG) – $23.4 billion
- Hubbell (HUB.B) – $5.4 billion
- Hologic (HOLX) – $10.6 billion
- OSI Systems (OSIS) – $1.6 billion
Acuity’s performance in 4Q15 and fiscal 2015
Acuity reported net revenue of $7.6 billion in 4Q15, an increase of 11.1% from $6.8 billion in 3Q15. Net income and EPS (earnings per share) fell to $60.1 million and $1.38 per share in 4Q15, a decrease of 6.82% and 6.75% on a quarterly basis.
In fiscal 2015, net revenue was $2.7 billion, a rise of 13.1% from $2.4 billion in fiscal 2014. Cost of products sold as a percentage of sales fell by 1.9% in fiscal 2015. Gross profit and EPS (earnings per share) rose to $1.1 billion and $5.09 per share in fiscal 2015, an increase of 17% and 25.7% on a yearly basis. Cash and cash equivalents and current ratio rose by 37% and 9.1% in fiscal 2015. Debt-to-equity ratio fell to 25.9 in fiscal 2015 from 30.2 in fiscal 2014.
About Acuity Brands
Acuity Brands provides lighting solutions for both indoor and outdoor applications. Its lighting solutions cover both conventional fixtures and advanced solid-state technology that can integrate with digital controls and daylighting.
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