Wall Street brokerages expect Ameresco Inc (NYSE:AMRC) to post earnings per share of $0.13 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Ameresco’s earnings, with estimates ranging from $0.11 to $0.14. Ameresco posted earnings per share of $0.08 in the same quarter last year, which indicates a positive year over year growth rate of 62.5%. The business is expected to issue its next quarterly earnings report on Thursday, March 1st.
According to Zacks, analysts expect that Ameresco will report full year earnings of $0.42 per share for the current financial year. For the next financial year, analysts forecast that the business will report earnings of $0.55 per share, with EPS estimates ranging from $0.50 to $0.59. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Ameresco.
Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The firm had revenue of $204.74 million for the quarter, compared to analyst estimates of $186.20 million. Ameresco had a return on equity of 5.42% and a net margin of 2.49%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS.
A number of research analysts recently weighed in on AMRC shares. Zacks Investment Research lowered Ameresco from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Oppenheimer reissued a “buy” rating and set a $10.00 target price (up from $8.50) on shares of Ameresco in a report on Wednesday, November 1st. Finally, BidaskClub lowered Ameresco from a “hold” rating to a “sell” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $8.88.
Ameresco (AMRC) traded down $0.05 during mid-day trading on Monday, hitting $8.65. The company had a trading volume of 5,138 shares, compared to its average volume of 95,609. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.29 and a quick ratio of 1.24. The firm has a market cap of $402.70, a price-to-earnings ratio of 25.29, a PEG ratio of 2.71 and a beta of 1.13. Ameresco has a 1-year low of $4.80 and a 1-year high of $9.50.
In related news, insider Joseph P. Demanche sold 30,329 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $8.40, for a total transaction of $254,763.60. Following the transaction, the insider now directly owns 159,671 shares of the company’s stock, valued at approximately $1,341,236.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph P. Demanche sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $9.40, for a total value of $117,500.00. Following the transaction, the insider now directly owns 115,000 shares in the company, valued at $1,081,000. The disclosure for this sale can be found here. Insiders have sold a total of 79,783 shares of company stock worth $704,459 over the last three months. 58.36% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TIAA FSB bought a new stake in Ameresco in the 3rd quarter valued at $496,000. Dimensional Fund Advisors LP boosted its stake in Ameresco by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 901,970 shares of the utilities provider’s stock valued at $6,945,000 after purchasing an additional 51,041 shares during the period. Wells Fargo & Company MN boosted its stake in Ameresco by 84.7% in the 2nd quarter. Wells Fargo & Company MN now owns 28,170 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 12,915 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Ameresco by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 62,590 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 380 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Ameresco by 8.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock valued at $146,000 after purchasing an additional 1,529 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.
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Ameresco Company Profile
Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.
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