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NYA:AYI, Jul 15, 10:39 UTC

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Tuesday, July 07


News

Acuity Brands (AYI) Looks Good: Stock Adds 5.2% in Session

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Acuity Brands (AYI) Looks Good: Stock Adds 5.2% in Session. Acuity Brands, Inc. AYI was a big mover last session, as the company saw its shares rise more than 5% on the day. This reverses the recent trend for the company—as the stock is down 13% in the past one-month time frame.The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.Its stock price is already starting to resume its upward arc.

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Monday, July 06


News

Two major factors that could drive the Acuity Brands Inc share price

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Shares in Acuity Brands Inc (NYQ:AYI) are currently trading at 89.48, but a key question for investors is how much the current economic uncertainty will affect the price. The good news is that Acuity Brands Inc scores well against some important financial and technical measures. In particular, it has strong exposure to two influential drivers of investment returns: high quality and a relatively cheap valuation. A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Acuity Brands Inc is currently 11.0%.In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors.

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Thursday, July 02


News

Hayward Industries, Inc. (US) and Acuity Brands, Inc. (US) are Top 2 Players in the Underwater Lighting Market - Press Release

AYI

The underwater lighting market is projected to grow from USD 279 million in 2019 to USD 348 million by 2024, at a CAGR of 4.5% from 2019 to 2024. Rising underwater activities such as amusement sports, night fishing, excavation of underwater artifacts, and defense search & rescue operations are contributing to the demand for underwater lighting across the globe. Moreover, these trends are expected to continue over the next few years, thus, driving the growth of the market across the globe. Hayward Industries, Inc. (Hayward Industries, US), Acuity Brands, Inc. (Acuity Brands, US), Shadow Caster, Inc. (Shadow Caster, US), Signify Holding (Signify, Netherlands), OceanLED Marine Ltd. (OceanLED, UK), Lumishore (Lumishore, UK), Attwood Corporation (Attwood, US), Aqualuma LED Lighting (Aqualuma, Australia), T-H Marine Supplies, Inc. (T-H Marine, US), and Eaton Corporation plc (Eaton, Ireland) are a few major players operating in the underwater lighting market.

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Acuity Brands, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

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Acuity Brands, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions. Acuity Brands, Inc. (NYSE:AYI) investors will be delighted, with the company turning in some strong numbers with its latest results. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Statutory earnings per share are forecast to reduce 2.2% to US$6.71 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$3.37b and earnings per share (EPS) of US$6.63 in 2021. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

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Acuity Brands (NYSE:AYI) Target Raised by Cowen Inc to $122.00

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Acuity Brands stock has undergone multiple analysts rating changes in the recent past. In a note to investors, the firm issued a new target price of $122.00. Shares of Acuity Brands traded down -$3.68 on Wednesday, reaching $92.06. On 11/5/2019 Director Robert F. Mccullough Sell 100 at average share price of $131.55 which equates to $13,155.00 in money value.

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News

Conagra Brands (NYSE:CAG) Target Raised by Deutsche Bank AG to $36.00

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Conagra Brands stock has undergone multiple analysts rating changes in the recent past. In a note to investors, the firm issued a new target price of $36.00. On 6/1/2020 Insider Thomas M Mcgough Sell 80,615 at average share price of $35.00 which equates to $2,821,525.00 in money value. 7/1/2020 – Conagra Brands had its price target raised by analysts at Credit Suisse Group AG from $36.00 to $38.00.

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Tuesday, June 30


News

Acuity Brands Inc (AYI) Q3 2020 Earnings Call Transcript

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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. Please refer to our most recent 10-K and 10-Q SEC filings and today's press release, which identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. We continue to have positive cash flows from operations despite the decline in sales and ended the quarter with a strong balance sheet. Well, I mean obviously when we -- when we reported last we were all embarking into this pandemic and none of us knew exactly what was going to happen. And as we indicated and I'm looking at Ricky across the table, we managed aggressively through this period both our variable cost and our fixed costs. So that we could position ourselves both to thrive in the downturn, which I believe that we've demonstrated that we can do. And as I indicated to -- to continue to invest in our product portfolio so that we would have the products available when the market returns, which obviously it has not yet. So I don't -- I wouldn't say that we were surprised by where we end up, but I would say that we are very pleased with the discipline with which we executed. And I want to start with the foundation of our supply chain. So the -- our ability to take care of our associates, so that they could continue to operate effectively was essential to us largely staying open in all of our facilities and being able to meet demand. So I believe we clearly took orders that we -- that others were unable to serve through this -- through this downturn and built on the strength of our -- of our supply chain. So I wouldn't call that surprising, but I would call that very pleasing. And then if you take those things, as we look forward we continue to apply the same logic now as we did when we were with you a quarter ago, which is that I don't believe any of us know what the economic outlook is going to be. So we're attempting to position ourselves so that we can operate effectively at these kind of market levels that we have a product portfolio that is poised to benefit from a rebound in end market activity and that we can invest in and execute on the transformation that we've described. So I would say we're hugely surprised, but I would say that we are pleased.

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Acuity Brands (AYI) Q3 Earnings and Revenues Top Estimates

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A quarter ago, it was expected that this lighting maker would post earnings of $1.88 per share when it actually produced earnings of $1.84, delivering a surprise of -2.13%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Acuity Brands was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.

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Acuity Brands Appoints Laura O'Shaughnessy to the Board of Directors NYSE:AYI

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June 30, 2020 08:47 ET | Source:Acuity Brands, Inc. Atlanta, June 30, 2020 (GLOBE NEWSWIRE) --. Acuity Brands, Inc. (NYSE: AYI) (the “Company”) announced today that the Board of Directors (the “Board”) approved an increase in the size of the Board from 11 to 12 members and elected Laura O’Shaughnessy as a Director for a term that will expire at the Company’s next annual meeting of stockholders. Acuity Brands, Inc. (NYSE: AYI) is a market-leading industrial technology company. We design, manufacture, and bring to market innovative products and services that make the world more brilliant, productive, and connected including building management systems, lighting, lighting controls, and location-aware applications.

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Acuity Brands: Fiscal 3Q Earnings Snapshot

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ATLANTA (AP) _ Acuity Brands Inc. (AYI) on Tuesday reported fiscal third-quarter earnings of $60.4 million. Earnings, adjusted for one-time gains and costs, came to $1.94 per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share. The lighting maker posted revenue of $776.2 million in the period, which also topped Street forecasts.

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