Equities research analysts forecast that Ameresco Inc (NYSE:AMRC) will announce earnings per share of $0.17 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ameresco’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.16. Ameresco posted earnings of $0.18 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 5.6%. The business is scheduled to announce its next earnings report on Tuesday, August 6th.
On average, analysts expect that Ameresco will report full year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.74 to $0.83. For the next year, analysts expect that the business will post earnings of $0.98 per share, with EPS estimates ranging from $0.85 to $1.19. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Ameresco.
Ameresco (NYSE:AMRC) last released its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02. Ameresco had a net margin of 4.57% and a return on equity of 8.44%. The company had revenue of $150.10 million during the quarter, compared to the consensus estimate of $150.29 million. During the same period in the prior year, the firm earned $0.16 earnings per share. Ameresco’s revenue was down 10.3% on a year-over-year basis.
A number of equities analysts recently issued reports on AMRC shares. B. Riley reissued a “buy” rating and issued a $19.00 price target on shares of Ameresco in a research note on Thursday, March 14th. Canaccord Genuity increased their price target on shares of Ameresco from $16.50 to $19.50 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Zacks Investment Research raised shares of Ameresco from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Friday, April 12th. Finally, Roth Capital raised shares of Ameresco from a “neutral” rating to a “buy” rating and increased their price target for the stock from $16.00 to $19.00 in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $18.50.
In other Ameresco news, EVP David J. Corrsin sold 42,982 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $16.52, for a total transaction of $710,062.64. Following the completion of the transaction, the executive vice president now owns 1,053,338 shares of the company’s stock, valued at $17,401,143.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nickolas Stavropoulos bought 4,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were acquired at an average cost of $15.19 per share, with a total value of $60,760.00. Following the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $60,760. The disclosure for this purchase can be found here. Insiders have sold 91,046 shares of company stock valued at $1,503,864 in the last ninety days. Insiders own 57.93% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its stake in shares of Ameresco by 508.8% during the first quarter. BNP Paribas Arbitrage SA now owns 3,945 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 3,297 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Ameresco by 134.0% during the first quarter. Meeder Asset Management Inc. now owns 4,205 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 2,408 shares in the last quarter. Advisor Group Inc. bought a new position in shares of Ameresco during the fourth quarter valued at approximately $75,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Ameresco during the fourth quarter valued at approximately $99,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Ameresco during the fourth quarter valued at approximately $136,000. 28.92% of the stock is owned by institutional investors and hedge funds.
AMRC stock traded up $0.17 during trading on Monday, reaching $14.73. The company had a trading volume of 463,711 shares, compared to its average volume of 123,497. Ameresco has a 52 week low of $11.73 and a 52 week high of $18.05. The stock has a market cap of $713.96 million, a P/E ratio of 18.19, a P/E/G ratio of 1.07 and a beta of 0.56. The business’s 50 day moving average price is $14.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.28.
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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