Acuity Brands Inc. (NYSE: AYI) has reported E.P.S. of $3.25 for its first fiscal quarter (ending November 30) versus $2.32 for the same period a year ago — an increase of 40%. This result exceeded the consensus estimate of $3.21 by $0.04. E.P.S. were $11.82 for the latest four quarters through November 30 versus $11.11 for the same period a year ago — an increase of 6%.
Recent Price Action
Acuity Brands Inc. (NYSE: AYI) stock enjoyed a major increase of 11.5% on 1/9/24. The shares closed at $228.00. Moreover, this advance was accompanied by exceptionally high trading volume at 430% of normal. The stock has risen 11.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AYI is expected to continue to be a major Value Builder.
Acuity Brands has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Acuity Brands has a poor Appreciation Score of 27 but a very high Power Rating of 88, and the Neutral Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and very positive price change we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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