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 ...

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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 ...

The U.S. economy has shown remarkable strength this year, culminating in the S&P 500 Index’s all-time high last week. With three consecutive weeks of gain and 12 out of 13 weeks in positive territory, Wall Street's benchmark has demonstrated resilience.Following a notable decline in the inflation rate last year, the Federal Reserve responded by initially scaling back the intensity of interest rate hikes and eventually halting them altogether in July 2023. This strategic decision contributed to an impressive ...

One stock that might be an intriguing choice for investors right now is Acuity Brands, Inc (AYI) . This is because this security in the Building Products - Lighting space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in ...

Have you been paying attention to shares of Acuity Brands (AYI) ? Shares have been on the move with the stock up 13.9% over the past month. The stock hit a new 52-week high of $231.16 in the previous session. Acuity Brands has gained 12.5% since the start of the year compared to the 49.6% move for the Zacks Construction sector and the 30.6% return for the Zacks Building Products - Lighting industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it has ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Potbelly (PBPB) : This company which, manages establishments for consuming food on premises to offers sandwiches, salads, soups, chili, chips, cookies, ice cream, and smoothies, has seen the Zacks Consensus Estimate for its current year earnings increasing 15.4% over the last 60 days.Acuity Brands (AYI) : This company which, manufactures and distributes lighting fixtures and related components, has seen the Zacks Consensus Estimate for ...

Acuity Brands, Inc. (AYI) is benefiting from innovation across its diversified product portfolio. Also, its focus on Intelligent Spaces Group (ISG) and strategic acquisitions and divestitures bode well.Recently, the company reported its first-quarter fiscal 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Although the revenues declined year over year, earnings increased. Robust ISG net sales and enhanced margins in the Acuity Brands Lighting segment drove the upside.Shares o ...

Acuity Brands, Inc. (AYI) reported impressive results in first-quarter fiscal 2024 (ending Nov 30, 2023), with earnings and revenues surpassing the Zacks Consensus Estimate. Earnings beat the consensus mark for the 15th consecutive quarter.Despite a year-over-year decline in sales in the lighting business, AYI reported strong fiscal first-quarter performance driven by increased focus on margins and cash generation. This approach resulted in a higher adjusted operating profit margin and increased adjusted di ...

Acuity Brands, Inc. (NYSE:AYI) Q1 2024 Earnings Conference Call January 9, 2024 8:00 AM ET Company Participants Charlotte McLaughlin - VP, IR Neil M. Ashe - Chairman, President, and CEO Karen J. Holcom - SVP and CFO Conference Call Participants Joseph O'Dea - Wells Fargo Timothy Wojs - Robert W. Baird Christopher Snyder - UBS Ryan Merkel - William Blair Christopher Glynn - Oppenheimer & Co. Jeffrey Sprague - Vertical Research Jeffrey Osborne - TD Cowen Unidentified Analyst - Goldman Sachs Operator Good morn ...