Acuity Brands(AYI)

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Acuity Brands(AYI) - 2024 Q2 - Quarterly Results
2024-04-03 11:21
Press Release Exhibit 99.1 Investor Contact: Charlotte McLaughlin Vice President, Investor Relations (404) 853-1456 investorrelations@acuitybrands.com Media Contact: April Appling Vice President, Corporate Communications corporatecommunications@acuitybrands.com Acuity Brands Reports Fiscal 2024 Second-Quarter Results Solid Execution Continues Delivering Margin Expansion and EPS Growth ■ Delivered Net Sales of $906M, a 4% Decline Compared to the Prior Year ■ Grew Operating Profit to $118M, up 6% Over the Pri ...
Acuity Brands(AYI) - 2024 Q2 - Quarterly Report
2024-04-03 11:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________ Form 10-Q _____________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-16583. _____ ...
Acuity Brands (AYI) to Post Q2 Earnings: Factors to Consider
Zacks Investment Research· 2024-04-01 16:00
Acuity Brands, Inc. (AYI) is scheduled to announce second-quarter fiscal 2024 results on Apr 3, before the opening bell.In the last reported quarter, the company’s adjusted earnings topped the Zacks Consensus Estimate by 20.4% and increased 13.1% year over year. The top line also beat the consensus mark by 1.1% but decreased 6.3% from the prior year.Acuity Brands beat earnings expectations in the trailing 15 quarters.Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for ...
Acuity Brands (AYI) is a Top-Ranked Growth Stock: Should You Buy?
Zacks Investment Research· 2024-03-14 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Sc ...
Why Acuity Brands (AYI) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-03-12 14:50
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Dev ...
Acuity Brands to Announce Fiscal 2024 Second Quarter Results on April 3, 2024
Newsfilter· 2024-03-06 21:30
ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE:AYI) (the "Company") today announced that it is planning to release its fiscal 2024 second quarter results on Wednesday, April 3, 2024, at 6:00 a.m. (EST), followed by a conference call at 8:00 a.m. (EST). Neil Ashe, Chairman, President, and Chief Executive Officer of Acuity Brands will lead the call. The webcast, earnings release, and supplemental presentation can be accessed via the Investor Relations section of the Company's website at ...
Here's Why Acuity Brands (AYI) is a Strong Value Stock
Zacks Investment Research· 2024-02-26 15:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?Developed a ...
Why Is Acuity Brands (AYI) Up 2.8% Since Last Earnings Report?
Zacks Investment Research· 2024-02-08 17:30
It has been about a month since the last earnings report for Acuity Brands (AYI) . Shares have added about 2.8% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Acuity Brands due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Acuity Brands Q1 Earnings Beat, Adjusted E ...
Why Acuity Brands (AYI) is a Top Growth Stock for the Long-Term
Zacks Investment Research· 2024-02-06 15:47
Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence through various research services [1] - The Zacks Style Scores are designed to help investors identify stocks with the highest potential to outperform the market in the short term [1] Zacks Style Scores Overview - Each stock is rated from A to F based on value, growth, and momentum characteristics, with A being the highest score [2] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - The Growth Score assesses a company's financial health and future outlook based on earnings and sales projections [2] - The Momentum Score capitalizes on price trends and earnings estimate changes to identify favorable investment opportunities [3] - The VGM Score combines the three Style Scores to highlight stocks with attractive value, growth potential, and momentum [4] Zacks Rank and Style Scores Integration - The Zacks Rank utilizes earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [6] Company Spotlight: Acuity Brands (AYI) - Acuity Brands, Inc. is a leading manufacturer of lighting fixtures and related components, focusing on energy efficiency and comfort [7] - AYI holds a 1 (Strong Buy) rating on the Zacks Rank and has a VGM Score of A, indicating strong growth potential [7] - The company is projected to achieve a year-over-year earnings growth of 5.3% for the current fiscal year, supported by a Growth Style Score of A [8] - Recent analyst revisions have increased AYI's earnings estimate for fiscal 2024 by $1.40 to $14.79 per share, with an average earnings surprise of 13.9% [8]
Acuity Brands (AYI) Cheers Investors With 15% Dividend Hike
Zacks Investment Research· 2024-01-29 16:31
Acuity Brands, Inc. (AYI) rewarded investors with a 15.4% hike in its quarterly cash dividend payments.The board of directors of this manufacturer and distributor of lighting fixtures and related components approved a quarterly dividend payout of 15 cents per share (60 cents per share annually), up from the previous dividend payout of 13 cents per share (52 cents per share annually). The amount will be paid out on Feb 14, 2024, to shareholders of record as of Feb 5. Based on the closing price of $239.10 per ...