Equities analysts expect Ameresco Inc (NYSE:AMRC) to post $227.80 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Ameresco’s earnings. The highest sales estimate is $230.40 million and the lowest is $225.20 million. Ameresco reported sales of $211.13 million during the same quarter last year, which indicates a positive year over year growth rate of 7.9%. The firm is expected to report its next earnings report on Tuesday, March 5th.
On average, analysts expect that Ameresco will report full-year sales of $797.60 million for the current financial year, with estimates ranging from $795.00 million to $800.20 million. For the next year, analysts anticipate that the company will post sales of $857.15 million, with estimates ranging from $850.00 million to $864.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Ameresco.
Ameresco (NYSE:AMRC) last posted its quarterly earnings data on Tuesday, October 30th. The utilities provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.08. Ameresco had a return on equity of 14.06% and a net margin of 6.43%. The business had revenue of $205.40 million during the quarter, compared to analysts’ expectations of $208.40 million. During the same quarter in the previous year, the firm earned $0.18 EPS. The firm’s revenue was up .3% compared to the same quarter last year.
Several research firms have commented on AMRC. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, November 1st. Canaccord Genuity upped their price target on Ameresco from $16.00 to $16.50 and gave the company a “buy” rating in a report on Wednesday, October 31st. TheStreet raised Ameresco from a “c+” rating to a “b-” rating in a report on Wednesday, November 7th. Oppenheimer set a $17.00 price target on Ameresco and gave the company a “buy” rating in a report on Tuesday, October 30th. Finally, Roth Capital cut Ameresco from a “buy” rating to a “neutral” rating and cut their price target for the company from $15.00 to $14.00 in a report on Thursday, October 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Ameresco presently has a consensus rating of “Buy” and an average target price of $16.38.
In other news, insider Louis P. Maltezos sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The stock was sold at an average price of $12.43, for a total value of $62,150.00. Following the sale, the insider now directly owns 35,000 shares in the company, valued at approximately $435,050. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jennifer L. Miller acquired 2,000 shares of the stock in a transaction dated Monday, December 3rd. The stock was bought at an average price of $15.50 per share, for a total transaction of $31,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 29,016 shares of company stock valued at $420,156. Insiders own 57.93% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Paloma Partners Management Co bought a new stake in shares of Ameresco in the 2nd quarter valued at approximately $126,000. Citadel Advisors LLC bought a new stake in shares of Ameresco in the 2nd quarter valued at approximately $135,000. Engineers Gate Manager LP bought a new stake in shares of Ameresco in the 3rd quarter valued at approximately $162,000. Sei Investments Co. bought a new stake in shares of Ameresco in the 2nd quarter valued at approximately $206,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Ameresco in the 2nd quarter valued at approximately $216,000. Institutional investors own 27.85% of the company’s stock.
Ameresco stock traded down $0.46 during trading hours on Friday, hitting $14.95. The stock had a trading volume of 135,848 shares, compared to its average volume of 116,523. The company has a quick ratio of 1.39, a current ratio of 1.42 and a debt-to-equity ratio of 0.62. The stock has a market cap of $722.74 million, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.14 and a beta of 0.44. Ameresco has a fifty-two week low of $7.65 and a fifty-two week high of $16.59.
Ameresco Company Profile
Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.
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