Acuity Brands Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Acuity Brands, Inc. (NYSE:AYI) is anticipated to report an increase in Q2 earnings to $3.25 per share from $3.06 the previous year, with projected revenue of $908.75 million. The company raised its quarterly dividend to 15 cents per share and authorized an additional 3 million share repurchase. Shares fell 1.3% to $261.83 recently. Analysts from Baird, Wells Fargo, and Oppenheimer have provided ratings and adjusted price targets for AYI.
April 03, 2024 | 5:20 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Acuity Brands is expected to report increased Q2 earnings and revenue, raised its dividend, and authorized additional share repurchases. Analysts have provided positive ratings and adjusted price targets.
The anticipation of higher Q2 earnings and revenue, combined with a raised dividend and share repurchase authorization, signals strong financial health and confidence from the company, likely leading to positive investor sentiment. Analyst ratings and adjusted price targets further support this outlook, although the recent share price drop indicates market volatility or other factors at play.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100