Equities analysts expect Ameresco Inc (NYSE:AMRC) to post sales of $228.03 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Ameresco’s earnings. The lowest sales estimate is $225.20 million and the highest is $230.40 million. Ameresco posted sales of $211.13 million during the same quarter last year, which would indicate a positive year over year growth rate of 8%. The business is scheduled to announce its next earnings results on Tuesday, March 5th.
On average, analysts expect that Ameresco will report full year sales of $797.80 million for the current financial year, with estimates ranging from $795.00 million to $800.20 million. For the next fiscal year, analysts forecast that the business will report sales of $857.23 million, with estimates ranging from $850.00 million to $864.30 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Ameresco.
Ameresco (NYSE:AMRC) last released its quarterly earnings data on Tuesday, October 30th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $205.40 million for the quarter, compared to analyst estimates of $208.40 million. Ameresco had a return on equity of 14.06% and a net margin of 6.43%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share.
Several analysts have issued reports on the company. ValuEngine lowered Ameresco from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, November 1st. Canaccord Genuity upped their price objective on Ameresco from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Wednesday, October 31st. B. Riley assumed coverage on Ameresco in a research note on Wednesday, December 19th. They issued a “buy” rating and a $17.50 price objective on the stock. Finally, TheStreet upgraded Ameresco from a “c+” rating to a “b-” rating in a research note on Wednesday, November 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $16.40.
NYSE:AMRC traded up $0.19 on Thursday, hitting $15.22. The company’s stock had a trading volume of 254,447 shares, compared to its average volume of 96,001. 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 firm has a market capitalization of $699.75 million, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.06 and a beta of 0.56. Ameresco has a one year low of $7.75 and a one year high of $16.59.
In other news, Director Francis V. Wisneski, Jr. sold 5,516 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $15.97, for a total value of $88,090.52. Following the transaction, the director now owns 110,676 shares of the company’s stock, valued at $1,767,495.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark Chiplock sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $15.71, for a total value of $39,275.00. Following the completion of the transaction, the vice president now directly owns 2,500 shares in the company, valued at approximately $39,275. The disclosure for this sale can be found here. Insiders sold 27,324 shares of company stock worth $424,136 in the last ninety days. 57.93% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Ameresco by 7.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,391,598 shares of the utilities provider’s stock valued at $18,995,000 after purchasing an additional 101,884 shares during the last quarter. Gagnon Securities LLC grew its position in Ameresco by 2.9% during the third quarter. Gagnon Securities LLC now owns 1,012,685 shares of the utilities provider’s stock worth $13,823,000 after buying an additional 28,450 shares in the last quarter. BlackRock Inc. grew its position in Ameresco by 3.9% during the third quarter. BlackRock Inc. now owns 1,008,974 shares of the utilities provider’s stock worth $13,773,000 after buying an additional 38,236 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in Ameresco during the third quarter worth approximately $5,178,000. Finally, Schwab Charles Investment Management Inc. grew its position in Ameresco by 23.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 97,720 shares of the utilities provider’s stock worth $1,173,000 after buying an additional 18,798 shares in the last quarter. 27.66% of the stock is currently owned by institutional investors.
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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