Wall Street brokerages predict that Ameresco Inc (NYSE:AMRC) will announce earnings of $0.39 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Ameresco’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.43. Ameresco posted earnings per share of $0.23 during the same quarter last year, which indicates a positive year-over-year growth rate of 69.6%. The company is expected to report its next earnings report on Wednesday, March 4th.
According to Zacks, analysts expect that Ameresco will report full-year earnings of $0.76 per share for the current year, with EPS estimates ranging from $0.71 to $0.81. For the next financial year, analysts anticipate that the firm will post earnings of $0.98 per share, with EPS estimates ranging from $0.85 to $1.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Ameresco.
Ameresco (NYSE:AMRC) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08). The business had revenue of $212.03 million for the quarter, compared to analysts’ expectations of $235.41 million. Ameresco had a return on equity of 7.44% and a net margin of 4.35%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.23 earnings per share.
A number of brokerages have recently issued reports on AMRC. Zacks Investment Research raised Ameresco from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Raymond James began coverage on Ameresco in a research note on Wednesday, November 27th. They set a “strong-buy” rating and a $20.00 target price for the company. Finally, ValuEngine downgraded Ameresco from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ameresco presently has an average rating of “Buy” and an average target price of $18.90.
Shares of AMRC stock traded down $0.08 during trading hours on Wednesday, reaching $19.51. 5,309 shares of the company’s stock were exchanged, compared to its average volume of 222,291. The company has a market cap of $919.03 million, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.11 and a beta of 0.44. The company’s 50 day moving average is $17.22 and its two-hundred day moving average is $15.41. Ameresco has a 1 year low of $13.11 and a 1 year high of $19.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.38 and a quick ratio of 1.34.
In other Ameresco news, Director Douglas I. Foy sold 13,477 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $15.82, for a total transaction of $213,206.14. Also, EVP David J. Corrsin sold 52,620 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $17.50, for a total transaction of $920,850.00. Following the sale, the executive vice president now owns 791,492 shares of the company’s stock, valued at $13,851,110. The disclosure for this sale can be found here. In the last 90 days, insiders sold 194,754 shares of company stock worth $3,464,277. Insiders own 55.86% of the company’s stock.
Several hedge funds have recently modified their holdings of AMRC. Bank of Montreal Can raised its stake in shares of Ameresco by 335.9% in the 2nd quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 1,807 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Ameresco by 9.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 116,168 shares of the utilities provider’s stock worth $1,712,000 after acquiring an additional 9,668 shares in the last quarter. BlackRock Inc. boosted its position in Ameresco by 32.3% during the 2nd quarter. BlackRock Inc. now owns 1,469,588 shares of the utilities provider’s stock worth $21,648,000 after acquiring an additional 358,410 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Ameresco during the 2nd quarter worth about $145,000. Finally, Vanguard Group Inc. grew its stake in Ameresco by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 870,646 shares of the utilities provider’s stock valued at $12,825,000 after acquiring an additional 37,990 shares in the last quarter. 31.85% of the stock is currently owned by institutional investors and hedge funds.
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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