Acuity Brands is seeing the light. Strong margins, new products, and pricing power have all helped earnings. Over the past two months, this year's earnings estimates have jumped 22 cents to $3.92 per share. The company has posted an average surprise of 7.7% over the past four quarters.
Full Analysis
Acuity Brands, Inc. (AYI), through its subsidiaries, engages in the design, production, and distribution of lighting equipment and specialty products worldwide. Its lighting equipment includes indoor and outdoor lighting fixtures for commercial and institutional, industrial, infrastructure, and residential applications.
The company offers its lighting equipments to electrical distributors, retail home improvement centers, national accounts, electric utilities, utility distributors, municipalities, contractors, catalogs, and lighting showrooms. Acuity Brands sells its lighting products under Lithonia Lighting, Holophane, Gotham, Hydrel, Peerless, Antique Street Lamps, Carandini, American Electric Lighting, SpecLight, Metal Optics, and Mark Architectural Lighting brand names.
Lucid 2nd-Quarter Earnings
In early-April, the company said fiscal second-quarter earnings rose 40%, reflecting a better product mix and more favorable pricing. It earned 82 cents per share, much better than the 68 cents that analysts had expected. Higher prices and favorable exchange rates helped sales rise 9% to $482.6 million, from $444.3 million last year. Analysts expected sales of $470.2 million.
Vernon J. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands said, "We are very pleased to report record quarter-over-quarter results from continuing operations for the 12th quarter in a row. Our strong second quarter performance reflects the benefits from programs implemented to create greater value for our customers, to invest in our associates to be more customer-focused and productive, and to more effectively deploy our assets to generate greater returns for our stakeholders.”
In a note to investors, Robert W. Baird & Co. analyst Peter Lisnic said Acuity's results were "solidly above expectations," and beat his forecast both on the top- and bottom lines. Lisnic also pointed to Acuity's strong margins, successful new products, and improved pricing as positives.
Outstanding Estimate Picture
Over the past 60 days, this year's earnings estimates have jumped 22 cents to $3.92 per share. The company has posted an average surprise of 7.7% over the past four quarters. The stock is also quite cheap with a PEG ratio of only 0.4. Investors could do well to snap up these shares at such a discount.
Content Courtesy: Zacks Investment Research
#1 Ranked Stocks Highlight Archive
To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions.
| Blog Home| VitalStocks Home
Thursday, May 15, 2008
AYI - Acuity Brands - stock is quite cheap with a PEG ratio of only 0.4
Wednesday, April 16, 2008
AYI - Acuity Brands - All three covering analysts have increased their forecasts
Acuity Brands is seeing the light. Strong margins, new products, and pricing power have all helped earnings. Over the past month, this year's earnings estimates have jumped 22 cents to $3.92 per share. All three covering analysts have increased their forecasts as well. The company has posted an average surprise of 7.7% over the past four quarters.
Full Analysis
Acuity Brands, Inc. (AYI), through its subsidiaries, engages in the design, production, and distribution of lighting equipment and specialty products worldwide. Its lighting equipment includes indoor and outdoor lighting fixtures for commercial and institutional, industrial, infrastructure, and residential applications.
The company offers its lighting equipments to electrical distributors, retail home improvement centers, national accounts, electric utilities, utility distributors, municipalities, contractors, catalogs, and lighting showrooms. Acuity Brands sells its lighting products under Lithonia Lighting, Holophane, Gotham, Hydrel, Peerless, Antique Street Lamps, Carandini, American Electric Lighting, SpecLight, Metal Optics, and Mark Architectural Lighting brand names.
Lucid 2nd-Quarter Earnings
In early-April, the company said fiscal second-quarter earnings rose 40%, reflecting a better product mix and more favorable pricing. It earned 82 cents per share, much better than the 68 cents that analysts had expected. Higher prices and favorable exchange rates helped sales rise 9% to $482.6 million, from $444.3 million last year. Analysts expected sales of $470.2 million.
Vernon J. Nagel, Chairman, President, and Chief Executive Officer of Acuity Brands said, "We are very pleased to report record quarter-over-quarter results from continuing operations for the 12th quarter in a row. Our strong second quarter performance reflects the benefits from programs implemented to create greater value for our customers, to invest in our associates to be more customer-focused and productive, and to more effectively deploy our assets to generate greater returns for our stakeholders.”
In a note to investors, Robert W. Baird & Co. analyst Peter Lisnic said Acuity's results were "solidly above expectations," and beat his forecast both on the top- and bottom lines. Lisnic also pointed to Acuity's strong margins, successful new products, and improved pricing as positives.
Outstanding Estimate Picture
Over the past month, this year's earnings estimates have jumped 22 cents to $3.92 per share. All three covering analysts have increased their forecasts as well. The company has posted an average surprise of 7.7% over the past four quarters. The stock is also quite cheap with a PEG ratio of only 0.4. Investors could do well to snap up these shares at such a discount.
Content Courtesy: Zacks Investment Research
#1 Ranked Stocks Highlight Archive
To truly take advantage of the Zacks Rank, you need to first understand how it works. That is why we created the free special report: Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions.
| Blog Home| VitalStocks Home
