Price Crosses Moving Average
|Bid||89.31 x 1300|
|Ask||90.90 x 800|
|Day's Range||89.22 - 95.74|
|52 Week Range||67.46 - 143.55|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||13.12|
|Earnings Date||Sep 30, 2020 - Oct 05, 2020|
|Forward Dividend & Yield||0.52 (0.58%)|
|Ex-Dividend Date||Jul 16, 2020|
|1y Target Est||104.38|
Acuity Brands, Inc. (NYSE:AYI) investors will be delighted, with the company turning in some strong numbers with its...
Acuity Brands (AYI) posts impressive fiscal third-quarter 2020 results on the back of go-to-market channels, product portfolio and supply chain.
With me today to discuss our fiscal 2020 third quarter results are Neil Ashe, our President and Chief Executive Officer; Karen Holcom, our Senior Vice President and Chief Financial Officer; and Ricky Reece, our Executive Vice President and President of Acuity Brands Lighting. During this call, we will also discuss certain non-GAAP financial measures.
The coronavirus pandemic is “not even close to being over,” according to the head of the World Health Organization, and the worst is still to come, in what was a grim assessment of the state of affairs some six months after the first cases were reported in China.
Acuity Brands (AYI) delivered earnings and revenue surprises of 50.39% and 0.20%, respectively, for the quarter ended May 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Acuity Brands (NYSE:AYI) rose 11.7% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share decreased 23.32% over the past year to $1.94, which beat the estimate of $1.22.Revenue of $776,200,000 decreased by 18.09% year over year, which beat the estimate of $741,620,000.Guidance Earnings guidance hasn't been issued by the company for now.Acuity Brands hasn't issued any revenue guidance for the time being.Details Of The Call Date: Jun 30, 2020View more earnings on AYITime: 10:00 AMET Webcast URL: https://edge.media-server.com/mmc/p/sn6p7rptPrice Action Company's 52-week high was at $143.55Company's 52-week low was at $67.46Price action over last quarter: Up 18.96%Company Overview Acuity Brands Inc is the parent company of Acuity Brands Lighting and other subsidiaries, which provide lighting products for commercial, institutional, industrial, and residential applications. These products include luminaires, lighting controls, lighting components, and integrated lighting systems that use a combination of light sources. Customers include electrical distributors, electric utilities, retail home improvement centers, and lighting showrooms. A majority of the firms' revenue is generated in the United States.See more from Benzinga * Benzinga's Top Upgrades, Downgrades For June 16, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Acuity Brands Inc. reported Tuesday fiscal third-quarter results that were well above expectations, although sales fell 18.1% from a year ago amid a "challenging market conditions" resulting from the COVID-19 pandemic. The lighting and lighting controls company said net income fell to $60.4 million, or $1.52 a share, from $88.4 million, or $2.22 a share, in the same-period a year ago. Excluding non-recurring items, adjusted earnings per share declined 23.3% to $1.94, but beat the FactSet consensus of $1.22. Sales dropped to $776.2 million from $947.6 million, but were above the FactSet consensus of $741.6 million. Gross profit margin improved by 170 basis points (1.7 percentage points) to 42.2%, due primarily to lower input costs, contributions from acquisitions and favorable sales mix, partially offset by lower average selling prices. The company said there was still "great uncertainty" regarding demand and the timing of the economic recovery because of the pandemic, but it expects pricing pressure and costs related to tariffs to continue in the fourth quarter. The stock, which was still inactive in premarket trading, has shed 35.3% year to date, while the S&P 500 has slipped 5.5%.
Atlanta, June 30, 2020 -- Acuity Brands, Inc. (NYSE: AYI) (the “Company”) announced today that the Board of Directors (the “Board”) approved an increase in the size of the.
ATLANTA, June 30, 2020 -- Acuity Brands, Inc. (NYSE: AYI) (“Company”) today announced results for the third quarter ended on May 31, 2020. Third quarter net sales were $776.
Lower demand, rising costs and tariffs are likely to have hurt Acuity Brands' (AYI) fiscal third-quarter earnings.
Atlanta, June 25, 2020 -- The Board of Directors of Acuity Brands, Inc. (NYSE: AYI; "Company") today declared a quarterly dividend of 13 cents per share. The dividend is.
Acuity Brands (AYI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Acuity Brands, Inc. (NYSE: AYI) has inked a strategic alliance agreement with Ushio America for its Care222 UV disinfection module.The supply agreement represents a "truly promising value proposition" for Acuity Brands, according to Oppenheimer.The Acuity Brands Analyst: Christopher Glynn upgraded Acuity Brands from Perform to Outperform and set a $135 price target. The Acuity Brands Thesis: The commercial development of the Care222 UV disinfection module, which uses filtered excimer lamps to generate 222nm far-UVC light capable of disinfecting indoor surfaces, was already on track before the pandemic, and the coronavirus outbreak has dramatically increased its market opportunity, Glynn said in the Sunday upgrade note. (See his track record here.)Ushio America's patented filtering technology provides a solution that is proven to kill viruses and bacteria. While Care222 is being tested for COVID-19, it's considered a mere formality, the analyst said. In North America, the supply agreement is exclusive to Acuity Brands. As volume and production expands, unit prices will decline, and this will boost adoption, he saidInitial profitability is likely to be "around or slightly above" the average of the company's other products, Glynn said. Acuity Brands has a strong balance sheet and enjoys a long-term strategic leadership position, the analyst said. Oppenheimer raised its earnings estimate for fiscal 2021 from $7.60 per share to $7.90 per share.AYI Price Action: Shares of Acuity Brands were up 6.28% at $114.97 at the time of publication Monday. Related Links:Recap: Acuity Brands Q2 Earnings64 Biggest Movers From YesterdayLatest Ratings for AYI DateFirmActionFromTo Jun 2020OppenheimerUpgradesPerformOutperform Apr 2020Wells FargoMaintainsOverweight Apr 2020Credit SuisseMaintainsOutperform View More Analyst Ratings for AYI View the Latest Analyst Ratings See more from Benzinga * DocuSign's COVID-19 Quarantine Benefits Could Last Longer, But Not Enough To Move BofA From Sidelines * PG&E Has Clearer Pathway Out Of Bankruptcy, Says Bullish BofA * Canopy Growth Is Growing More Pot Than It Can Sell, MKM Says(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
In this article we will check out the progression of hedge fund sentiment towards Acuity Brands, Inc. (NYSE:AYI) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]
The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Acuity Brands, Inc. ("Acuity" or the "Company") (NYSE: AYI) concerning whether the board breached its fiduciary duties to shareholders.
Acuity Brands (AYI) plans to incorporate Care222 UV disinfection module in its leading lighting fixtures to reduce pathogens on indoor surfaces.
Atlanta, June 02, 2020 -- Acuity Brands, Inc. (NYSE: AYI) will host a conference call on Tuesday, June 30, 2020, at 10:00 a.m. (EDT) to discuss the Company’s performance for.
Atlanta, June 01, 2020 -- Acuity Brands, Inc. (NYSE: AYI) today announced it has entered into a strategic alliance agreement with Ushio America, Inc.(Ushio). Ushio has agreed.
Atlanta, May 05, 2020 -- Acuity Brands, Inc. (NYSE: AYI) today announced that the Allure UNIWAVE™ series of wireless interfaces and remote controls from Distech Controls™ has.
Acuity Brands, Inc. (AYI) today announced that Neil M. Ashe, President and Chief Executive Officer of Acuity Brands, will present at the Wells Fargo 2020 Virtual Industrials Conference on Tuesday, May 5, 2020. This event will also be accessible at the Company's website www.acuitybrands.com and a replay of this webcast will be available on the company's website for 30 days following the event. Acuity Brands, Inc. (AYI) is a market-leading industrial technology company.
When Acuity Brands, Inc. (NYSE:AYI) released its most recent earnings update (29 February 2020), I wanted to...
"As this technology becomes more prevalent one could imagine that EEG systems could become pervasive," the company's patent application notes.