$184.50 Million in Sales Expected for Ameresco Inc (AMRC) This Quarter

Equities analysts expect Ameresco Inc (NYSE:AMRC) to post sales of $184.50 million for the current quarter, according to Zacks. Two analysts have issued estimates for Ameresco’s earnings. The lowest sales estimate is $180.00 million and the highest is $189.00 million. Ameresco posted sales of $174.23 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The business is expected to announce its next earnings results before the market opens on Tuesday, March 6th.

On average, analysts expect that Ameresco will report full-year sales of $184.50 million for the current fiscal year, with estimates ranging from $686.00 million to $695.00 million. For the next year, analysts forecast that the firm will report sales of $725.05 million per share, with estimates ranging from $710.10 million to $740.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Ameresco.

AMRC has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Ameresco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Oppenheimer reiterated a “buy” rating and set a $10.00 target price (up previously from $8.50) on shares of Ameresco in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Ameresco currently has a consensus rating of “Hold” and a consensus price target of $8.88.

In other Ameresco news, EVP Joseph P. Demanche sold 4,783 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $8.80, for a total value of $42,090.40. Following the completion of the transaction, the executive vice president now owns 154,688 shares in the company, valued at $1,361,254.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph P. Demanche sold 9,471 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $8.80, for a total transaction of $83,344.80. Following the completion of the transaction, the insider now owns 154,688 shares of the company’s stock, valued at approximately $1,361,254.40. The disclosure for this sale can be found here. Insiders sold 49,454 shares of company stock valued at $449,695 in the last 90 days. 58.36% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new stake in shares of Ameresco during the second quarter worth about $141,000. Parametric Portfolio Associates LLC boosted its stake in shares of Ameresco by 8.8% during the second quarter. Parametric Portfolio Associates LLC now owns 18,911 shares of the utilities provider’s stock worth $146,000 after buying an additional 1,529 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Ameresco during the second quarter worth about $148,000. The Manufacturers Life Insurance Company boosted its stake in shares of Ameresco by 121.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,587 shares of the utilities provider’s stock worth $151,000 after buying an additional 9,651 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Ameresco during the third quarter worth about $167,000. Institutional investors own 24.28% of the company’s stock.

Shares of Ameresco (NYSE:AMRC) traded down $0.20 during mid-day trading on Friday, hitting $8.30. 49,339 shares of the company were exchanged, compared to its average volume of 82,298. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $386.78, a P/E ratio of 22.84, a P/E/G ratio of 2.60 and a beta of 1.13. Ameresco has a 12-month low of $5.00 and a 12-month high of $9.50.

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About Ameresco

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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