Ameresco (NYSE:AMRC – Get Free Report) announced its quarterly earnings results on Monday. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.15), Briefing.com reports. The firm had revenue of $437.98 million for the quarter, compared to the consensus estimate of $373.75 million. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The company’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share.
Ameresco Trading Up 7.1 %
AMRC opened at $28.76 on Wednesday. The firm has a 50 day simple moving average of $31.57 and a 200 day simple moving average of $25.92. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $52.01. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 0.86 and a beta of 1.78. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.96.
Insider Buying and Selling at Ameresco
In other Ameresco news, CAO Mark Chiplock sold 3,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $35.00, for a total transaction of $105,000.00. Following the completion of the sale, the chief accounting officer now owns 348 shares in the company, valued at approximately $12,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.00% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on AMRC
Ameresco Company Profile
Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.
Read More
- Five stocks we like better than Ameresco
- How to Use the MarketBeat Dividend Calculator
- Stocks Slide: Trillions Lost, More Downside Ahead?
- What is the NASDAQ Stock Exchange?
- Lucid Group Stock Gains Traction, But Its Stock Price Won’t
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- 3 Promising Small-Cap AI Stocks for the Next Market Rally
Receive News & Ratings for Ameresco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameresco and related companies with MarketBeat.com's FREE daily email newsletter.